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Be the first with the news that moves the market- Inventus Mining (TSXV:IVS) has identified new targets at its Sudbury 2.0 Project following the completion of its 2020 winter exploration program
- An induced polarisation survey was completed, giving way to discoveries at the Big Valley Lake and Doon Lake North deposits
- Five drill holes were also completed at Laura Creek Offset Dyke in order to better understand the dyke’s orientation, width and geologic setting
- The company will now follow up with trenching and sampling of the targets, along with an additional drill program later this year
- Inventus Mining (IVS) is down 8.82 per cent and is trading at C$0.16 per share, with a market cap of $19.02 million
Inventus Mining (TSXV:IVS) has identified new targets at its Sudbury 2.0 Project following the completion of its 2020 winter exploration program.
The wholly owned Sudbury 2.0 Project is located 40 kilometres northeast of Sudbury, Ontario, and hosts the Big Valley lake and Doon Lake North deposits.
Following a successful induced polarisation survey, “intriguing” new exploration targets have now been identified in these regions.
At Big Valley lake, a target was identified within 50 metres of the surface, with its peak located approximately 120 metres below the surface and open to a depth of 220 metres.
As such, Inventus believes that a much larger body of gold mineralisation may be present to the north.
Similarly, the Doon Lake North survey identified a near-surface anomaly in the southeast part of the Sudbury 2.0 Project. The target sits along a north-south structure is thought to control the hydrothermal mineralization in the area.
Both of the anomalies at Big Valley lake and Down Lake North will undergo trenching and sampling over the next few weeks.
In addition, five shallow exploration drill holes were completed at the Laura Creek Offset Dyke in an effort to better understand the dyke’s orientation, width and geologic setting.
This drilling intersected Sudbury breccia along the margins of the offset dyke, confirming the presence of copper mineralisation towards its centre.
With the dip, thickness and lithology of the offset dyke now established, Inventus says that further geophysical exploration techniques can be undertaken along the known five-kilometre extent of the dyke.
This additional drill program is expected to occur in the latter part of 2020.
Inventus Mining (IVS) is currently down 8.82 per cent and is trading at C$0.16 per share at 3:26pm EDT.
