Northwire Canada EditionSunday, August 2, 2026
Northwire
S 0.140 +0.0% BNKR 4.40 −2.2% QRO 0.045 +0.0% VCT 0.075 +36.4% PPP 1.15 +0.9% LMG 0.390 +0.0% GRDM 0.140 +0.0% ABRA 13.58 −4.1% WHY 0.295 +1.7% HHH 3.94 −0.2% COS 0.060 +0.0% NOB 0.065 −23.5% MEK 0.055 +0.0% TGOL 0.105 −4.5% FCI 0.400 −7.0% SGQ 0.350 +0.0% S 0.140 +0.0% BNKR 4.40 −2.2% QRO 0.045 +0.0% VCT 0.075 +36.4% PPP 1.15 +0.9% LMG 0.390 +0.0% GRDM 0.140 +0.0% ABRA 13.58 −4.1% WHY 0.295 +1.7% HHH 3.94 −0.2% COS 0.060 +0.0% NOB 0.065 −23.5% MEK 0.055 +0.0% TGOL 0.105 −4.5% FCI 0.400 −7.0% SGQ 0.350 +0.0%
Drill Results

Inventus Continues Expanding Flat Surface Gold Mineralization at the Pardo "River of Gold" Project

Pardo "River of Gold" Moves to Bulk Processing Phase as Strategic Backers Sprott and McEwen De-Risk Liquidity

Executive Summary

The news release dated January 22, 2026, provides an update on the Pardo "River of Gold" Project near Sudbury, Ontario. - Drilling Update: Inventus reported results from 68 holes (1,401 meters) of vertical drilling. Highlights include 6.1 g/t Au over 1.58m, 5.6 g/t Au over 1.47m, and 4.6 g/t Au over 1.5m. However, numerous holes returned lower grades (0.4 g/t to 1.6 g/t) or were not explicitly highlighted, reflecting the variable nature of the conglomerate reef. - Operational Progress: The processing of the 10,128-tonne bulk sample from Trench 1 is scheduled to begin on January 27, 2026. - Extraction Status: Extraction of a subsequent bulk sample at "Trench 1 North" is currently underway. - Management Commentary: Wesley Whymark (President) stated the company is advancing an initial resource estimate and using bulk samples to validate grade assumptions and generate cash flow.

Material Impact

This news is Routine - Positive. While not a "game changer" on its own, it confirms the operational timeline established in previous releases. - Grade Variability: The drill results confirm the presence of gold but emphasize the "nuggety" risk inherent in paleoplacer deposits. The grades are consistent with a bulk-minable target but lack the explosive high-grade consistency seen in vein systems. - Operational Credibility: The confirmation of the January 27 processing start date is crucial. Following the successful processing of the smaller 007 North sample in late 2025, this larger 10,000-tonne sample is the primary valuation driver. - Continuity: The drilling successfully expands the footprint of mineralization, though investors should note that "expanding flat surface mineralization" often adds tonnage at lower average grades compared to high-grade pockets.

IVS · Price
Company Overview
  • Inventus Mining Corp. explores for gold in the Sudbury district of Ontario.
  • Flagship Project: The Pardo Project is a paleoplacer gold deposit. Unlike typical lode gold, this is a "fossilized placer" similar to the Witwatersrand Basin in South Africa (though much smaller scale to date). The gold is hosted in flat-lying sedimentary conglomerate reefs near the surface.
  • Strategy: Because nuggets make drilling unreliable for grade estimation, Inventus relies on large-scale bulk sampling (10,000+ tonnes) processed at partner McEwen Mining's mill to determine actual economic viability.
Read the original news release →

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