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Inventus Reports Results From Drilling and Bulk Sample Update at Pardo Gold Project, Ontario
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Inventus Reports Results From Drilling and Bulk Sample Update at Pardo Gold Project, Ontario
Sep 23, 2025 6:19 AM

08:31 AM EDT, 09/23/2025 (MT Newswires) -- Inventus Mining ( GNGXF ) Tuesday reported final results from grade-control drilling at its Trench 1 North Bulk Sample Site and provided an update on its bulk sampling at the 100%-owned Pardo Gold Project, located 65 kilometres northeast of Sudbury, Ontario.

The company said results from the Trench 1 North Bulk Sample Site consisting of 28 grade-control drill holes had a weighted average grade and thickness of 4.00 gold grade (gpt gold) and 1.50 metres. It intends to extract 10,000 tonnes at this location.

It also said that a total of 14,909 tonnes from two bulk samples were delivered to McEwen's Stock Mill and that extraction and delivery of the 007 North bulk sample with a drilled weighted average grade and thickness of 3.84 gpt gold and 1.82 metres to McEwen's Stock Mill is complete for a total of 4,816 tonnes. Processing is expected on or around October 13.

Extraction and delivery of the Trench 1 Bulk Sample with a drilled weighted average grade and thickness of 4.10 gpt gold and 1.78 metres to McEwen's Stock Mill is complete for a total of 10,093 tonnes and processing is anticipated in November.

In regard to grade-control drilling at the Trench 1 North Site, it consisted of 52 shallow holes targeting the flat-lying gold mineralization to define a pit for bulk sampling. Holes were drilled on 7.5-meter centres to identify a zone of about 10,000 tonnes for its third planned bulk sample.

Shares of the company closed up 1.6% to $0.32 on the TSX Venture Exchange Monday.

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