What's Happening?
Inventus Mining Corp. has initiated Phase 2 of its drilling program at the Pardo Gold Project in Ontario, Canada. The program involves 98 shallow holes totaling approximately 2,500 meters, aimed at expanding
and confirming the continuity of gold mineralization. This phase follows previous successful drilling results and is part of efforts to establish a maiden resource estimate. Additionally, a 5,000-tonne bulk sample is scheduled for processing at McEwen Inc's Stock Mill, marking a significant milestone in validating the project's grade and recovery potential.
Why It's Important?
The drilling program and bulk sample processing are crucial steps in advancing the Pardo Gold Project towards production. Establishing a maiden resource estimate will provide a foundation for future mine production permitting, potentially transitioning the project from exploration to surface strip mining. The success of these initiatives could enhance Inventus's position in the mineral exploration industry and contribute to economic growth in the Sudbury mining district.
What's Next?
Inventus aims to complete the Mine Production Permit within the next 12 months, facilitating the transition to surface mining operations. The upcoming bulk sample processing will provide insights into the project's economic viability, supporting ongoing exploration and development efforts.
Beyond the Headlines
The Pardo Gold Project represents a significant paleoplacer gold discovery in North America, highlighting the potential for innovative mining techniques and resource development. The project's progress could influence future exploration strategies and investment in the region.
