Inventus Mining Commences 80-Hole Drill Program at Pardo Receives OJEP Funding Support and Grants Stock Options
25 Novembro 2024 - 6:27PM
Inventus Mining Corp. (TSXV: IVS) (“Inventus” or
the “Company”) is pleased to announce that its 80-hole Phase 1
Drill Program is underway at the 100%-owned Pardo gold project
located 65 km east of Sudbury, Ontario. The program aims to provide
adequate drill data to support a future mineral resource estimate
on the near surface mineralization that could potentially be
exploited by open cut mining.
The Company also reports it has been accepted
into the Ontario Junior Exploration Program (“OJEP”), which
provides funding grants by the Ontario Ministry of Mines to assist
exploration projects within the province. The grant will provide
funding for 50% of exploration expenditures to a maximum of
$200,000, incurred on the Pardo Gold Project.
Incentive stock options to acquire a total of
4,100,000 common shares of the Company have been granted to
officers, directors, and employees at the exercise price of $0.07
per share for a period of five years. The options vest as to
one-third after each of 6, 12, and 18 months from the grant
date.
For further information visit
www.inventusmining.com, or contact:
Mr. Wesley WhymarkPresident and Head of ExplorationInventus
Mining Corp.E-mail: wesley@inventusmining.comPhone:
705-822-3005
About Inventus Mining Corp.
Inventus is a mineral exploration and
development company focused on the world-class mining district of
Sudbury, Ontario. Our principal assets are a 100% interest in the
Pardo Paleoplacer Gold Project and the Sudbury 2.0 Critical Mineral
Project located northeast of Sudbury. Pardo is the first important
paleoplacer gold discovery found in North America. Inventus has
approximately 183 million common shares outstanding.
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.
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