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Inventus Mining ( (TSE:IVS) ) has issued an update.
Inventus Mining Corp. has announced positive initial drill results from its Phase 1 Resource Drill Program at the Pardo Gold Project, indicating lateral continuity of gold mineralization within 18 meters of the surface. These results suggest reduced variability in grade compared to previous drilling, supporting the potential for a future mineral resource estimate and quick start-up of low-cost mining operations under the company’s existing bulk sampling permit.
More about Inventus Mining
Inventus Mining Corp. is a company engaged in the exploration and development of gold projects. Its primary focus is on the Pardo Gold Project located near Sudbury, Ontario, which benefits from year-round access and shallow gold mineralization that may allow for low-cost surface mining.
YTD Price Performance: 31.25%
Average Trading Volume: 100,886
Technical Sentiment Consensus Rating: Hold
Current Market Cap: C$19.21M
For detailed information about IVS stock, go to TipRanks’ Stock Analysis page.