Northwire Canada EditionFriday, October 16, 2026
Northwire
⌕
GOLD 4192.90 +0.6% SILVER 57.88 +1.3% COPPER 6.64 +1.2% OIL 96.31 −1.7% PALLADIUM 1128.75 +0.0% QZM 0.380 −2.6% BVA 0.760 −3.8% ONAU 0.520 −1.9% FMR 0.225 +0.0% GSVR 0.340 +3.0% PHNM 0.340 −1.4% SLG 5.71 +0.5% CASA 0.060 +0.0% DRY 0.215 −6.5% SOMA 0.560 +1.8% PWRO 0.025 +0.0% OMI 0.250 +2.0% EMR 0.100 −4.8% PDN 7.10 −1.2% FDY 4.79 +0.4% NTR 98.77 −0.7% GOLD 4192.90 +0.6% SILVER 57.88 +1.3% COPPER 6.64 +1.2% OIL 96.31 −1.7% PALLADIUM 1128.75 +0.0% QZM 0.380 −2.6% BVA 0.760 −3.8% ONAU 0.520 −1.9% FMR 0.225 +0.0% GSVR 0.340 +3.0% PHNM 0.340 −1.4% SLG 5.71 +0.5% CASA 0.060 +0.0% DRY 0.215 −6.5% SOMA 0.560 +1.8% PWRO 0.025 +0.0% OMI 0.250 +2.0% EMR 0.100 −4.8% PDN 7.10 −1.2% FDY 4.79 +0.4% NTR 98.77 −0.7%
Drill Results Routine +

Inventus Expands Shallow Gold Mineralization and Advances Bulk Sampling at The Pardo River of Gold Project

Inventus Mining Corp.

Executive Summary
  • Inventus Mining Corp. released Phase 2 drilling results from its Pardo "River of Gold" Project confirming mineralization in both Main and Matinenda Layers.
  • Key intercepts include 14.10 g/t Au over 1.59 m in the Main Layer and wider intervals in the Matinenda Layer (e.g., 0.39 g/t Au over 10.50 m).
  • Bulk sampling operations are ongoing with processing of remaining 7,500 tonnes from Trench 1 underway; results expected in June.
  • A second drill rig is planned for mid-June to accelerate the 7,000-metre program toward a maiden resource estimate targeted for Q4 2026.
  • The company continues to evaluate an Upper Conglomerate Layer as an additional shallow target.
Material Impact
  • Execution Validation: The news confirms that capital raised in the April 2026 financing ($2.5M) is being deployed effectively to advance exploration and bulk sampling, aligning with management's stated strategy.
  • Cash Flow Continuity: Following the March 2026 announcement of $1.17 million in gold sales (102% return over cost), this update reinforces the viability of non-dilutive cash generation through bulk sampling before a maiden resource is defined.
  • Resource Timeline: The confirmation of multiple layers and acceleration of drilling supports the Q4 2026 maiden resource estimate target, reducing timeline uncertainty for investors.
  • Market Expectation: Given the consistent high-grade results throughout late 2025 and early 2026 (e.g., March bulk sample success), this news is largely in line with previous expectations rather than introducing a new surprise catalyst.
  • Dilution Context: The recent April financing closed at $0.285 per share, while the current price sits at $0.25. This news provides fundamental support for the valuation but does not immediately offset the dilutive impact of the recent offering or future warrants.
IVS · Price
Company Overview
  • Company Name: Inventus Mining Corp. (TSX-V: IVS)
  • Flagship Project: Pardo "River of Gold" Project located 65 km northeast of Sudbury, Ontario.
  • Project Type: Paleoplacer gold system with shallow, flat-lying mineralization suitable for surface mining.
  • Development Stage: Exploration and Bulk Sampling; targeting maiden resource estimate in Q4 2026.
  • Strategy: Combine bulk sampling to generate non-dilutive cash flow while concurrently drilling to define resources.
  • Management: Wesley Whymark serves as CEO and President, appointed in February 2026 following a leadership transition.
Read the original news release →

More from Inventus Mining Corp.