AI-generated symbolic illustration. Symbolic mineral-exploration tools; no actual company, deposit, assay result or reserve is depicted. · Business / Haber Paper
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Inventus Mining said on 20 October that Phase 3 drilling had begun at its wholly owned Pardo gold project near Sudbury, Ontario. The company plans about 6,000 metres across 155 holes to test extensions of gold-bearing conglomerate layers and expand the area tested by drilling from 1.2 to 3.55 square kilometres. Work started on 14 October.
The campaign is proceeding alongside a maiden mineral resource estimate targeted for mid-November; that estimate is expected to cover only the previously drilled area. Inventus also plans to assess whether sulphide-rich Matinenda conglomerate could be upgraded through ore sorting for direct shipment, though further testing and commercial evaluation are needed. The announcement reports no new drill assay results.
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Inventus Mining said on 20 October that Phase 3 drilling had begun at its wholly owned Pardo gold project near Sudbury, Ontario. The company plans about 6,000 metres across 155 holes to test extensions of gold-bearing conglomerate layers and expand the area tested by drilling from 1.2 to 3.55 square kilometres. Work started on 14 October.
The pre-feasibility study models a 12-year commercial mine life and C$127 million in initial capital; the company says its board approved advancing the project.
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