Inventus Appoints Greg Gibson to Board of Directors and Sprott Mining Inc. as Operator to Manage the Pardo Joint Venture
TORONTO, ONTARIO--(Marketwired - Mar 1, 2016) - Inventus Mining Corp. ("Inventus" or the "Company") (TSX VENTURE:IVS) is pleased to announce that Sprott Mining Inc. ("Sprott Mining") has agreed to act as operator to manage the Pardo Joint Venture ("Pardo JV") between Mount Logan Resources Ltd. ("Mount Logan") and Endurance Gold Corp. ("Endurance"). Mount Logan is owned 100% by Inventus and owns 64.5 percent of the Pardo JV with 35.5 percent owned by Endurance. As operator of the Pardo JV, Mount Logan has arranged with Sprott Mining to act on the company's behalf to develop a comprehensive bulk sampling program for the Pardo JV property commencing in 2016. A Pardo JV management committee meeting will be convened as soon as practicable to plan and approve the technical aspects of the program.
"Sprott Mining Inc. is a private company focused on acquiring, building and managing a diversified portfolio of producing mining assets in North America. The senior management team has significant transaction, finance and operating experience and is dedicated to finding and investing in exceptional mining projects." (taken from http://www.sprottmining.com)
Inventus is also pleased to welcome Mr. Greg Gibson President and CEO of Sprott Mining to the board of directors of Inventus. Mr. Gibson has more than 30 years of mining industry experience in Canada, the USA and Australia. He was President and CEO of Trelawney Mining and Exploration during the discovery and advancement of the Cote Lake South gold deposit near Timmins, Ontario and the subsequent acquisition of the company by IAMGold Corp. in June 2012.
"We are excited that Greg and his team will be taking the Pardo Project to the next level of its development as the first paleo placer gold deposit in Canada," said Wayne Whymark Chairman and CEO of Inventus.
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