Inventus Mining AGM Invitation and Exploration Update, Drilling Returns Visible Gold in 14 of 32 Holes
TORONTO, ONTARIO--(Marketwired - May 9, 2017) - Inventus Mining Corp. (TSX VENTURE:IVS) ("Inventus" or the "Company") is pleased to invite shareholders and interested investors to our 2017 Annual General Meeting to be held:
Tuesday, June 6, 2017 at 10:00 AM (Eastern Daylight Time)
Location: 150 King St. West, Suite 2800, Toronto, Ontario
In addition to the formal shareholders meeting, Inventus' CEO will provide a corporate presentation to attendees with an opportunity for Q&A. If you are not a registered shareholder and you would like to attend the AGM, please RSVP to: info@inventusmining.com
Exploration Update
Since the last exploration update on April 12th (drill results up to hole #19), we have completed an additional 32 exploration drill holes totaling 781 m. Visual observations from the 32 new holes indicate that 26 encountered the favourable mineralized conglomerate reef, with 14 also containing visible gold. Drilling is currently underway with the remainder of the planned program focusing on areas of high-grade mineralization within 15 meters of surface. The locations of the completed and planned drill holes are shown on Figure 1. The majority of the new holes have been logged, sampled and sent for assay. Turn around time at the assay lab has been slower than anticipated, however final assay results for approximately 10 of the new holes are expected by the end of the week.
Click here to view Figure 1: http://inventusmining.com/s/Figure1_May9.pdf
About Inventus Mining Corp.
Inventus is a mineral exploration company focused on the world-class mining district of Sudbury, Ontario. Our principal asset is a 100% interest in the Pardo Paleoplacer Gold Project located 65 km northeast of Sudbury. Pardo is the first important paleoplacer gold discovery found in North America. Inventus has 100,304,403 common shares outstanding (110,423,570 shares on a fully diluted basis). Endurance Gold Corp. owns 25.4% of the issued and outstanding shares, Robert McEwen owns 18%, Eric Sprott owns 13.6%, Osisko Gold Royalties Ltd. owns 6%, and the former Chairman and CEO Wayne Whymark owns 6.4%.
Visit http://www.inventusmining.com for more information.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, regulation services provider, securities commission or other regulatory authority has approved or disapproved the information contained in this news release.
Qualified Person
The Qualified Person responsible for the geological technical content of this news release is Andy Bite, P.Geo., who has reviewed and approved the technical disclosure in this news release on behalf of the Company.
Forward-Looking Statements
This News Release includes certain "forward-looking statements" which are not comprised of historical facts. Forward-looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "if", "yet", "potential", "undetermined", "objective", or "plan". Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management's expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, the Company's objectives, goals or future plans, statements, exploration results, potential mineralization, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to the failure to identify mineral resources, failure to convert estimated mineral resources to reserves, the inability to complete a feasibility study which recommends a production decision, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate First Nations and other indigenous peoples, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company's public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
Contact
Mr. Stefan Spears
Chairman and CEO
Inventus Mining Corp.
(647) 258-0395 x280
info@inventusmining.com