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

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.
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.
- 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.