09:44 AM EDT, 06/04/2025 (MT Newswires) -- Inventus Mining ( GNGXF ) rose near 6% on Wednesday after it reported "strong" assay results having exceeded its 3 gpt assumption for the first bulk sample site on the 100%-owned Pardo Gold project, located 65 kilometers northeast of Sudbury, Ontario.

The company said drilling at the first planned bulk sample site, 007 North, outlined about 5,000 tonnes and returned an average grade and thickness of 3.84 gpt gold and 1.82 metres. It added that the first stage of drilling to define about 15,000 tonnes is complete and results from Trench 1, the second bulk sample site of near 10,000 tonnes, are pending and expected soon.

An additional 35 holes were completed at the Trench 1 site with assays pending and expected soon.

"These results give us the confidence to advance to the next phase of the program, which includes finalizing a milling agreement, initiating extraction of the first 5,000 tonnes, commencing Phase 2 resource drilling and additional grade control drilling to define the remaining 30,000 tonnes of the bulk sample program," said Inventus President and Head of Exploration Wesley Whymark.

Shares of the company were last seen up $0.010 at $0.18 on the TSX Venture Exchange.

Price: 0.18, Change: +0.01, Percent Change: +5.88