Inventus Mining begins phase 2 drilling at Pardo

Executive Summary

• Inventus Mining Corp. has commenced Phase 2 drilling at its 100%-owned Pardo gold project in Ontario, aiming to expand and confirm flat-lying gold mineralization to support the maiden mineral resource estimate.
• The Phase 2 program consists of 98 shallow holes totaling approximately 2,500 metres, building on previous high-grade intersections to fast-track the project toward a mine production permit.
• Bulk sample processing for the 007 North deposit is scheduled to begin on November 1, 2025, at McEwen Inc.'s Stock mill, serving as a key milestone to validate grade, recoveries, and near-term cash flow potential.

Key Details

• Phase 2 Drilling Program:
  • Scope: 98 shallow holes planned.
  • Total Length: Approximately 2,500 metres.
  • Objective: Expand and confirm continuity of shallow, flat-lying gold mineralization toward the northwest and southeast.
  • Strategic Goal: Provide data for the initial mineral resource estimate (MRE) and support the planned mine production permit, with the aim to complete the permit within the next 12 months.
• Previous Drilling Context (PD-25-87):
  • Intersected the thickest mineralized zones identified to date.
  • Intercept 1: 6.47 metres of 2.16 grams per tonne gold (g/t Au).
  • Intercept 2 (within above): 2.65 metres of 3.87 g/t Au.
  • High-Grade Core: 0.85 metre of 9.41 g/t Au.
• Bulk Sample Processing Update:
  • Target: 007 North bulk sample.
  • Tonnage: 4,816 tonnes (revised from 5,000 tonnes).
  • Location: McEwen Inc.'s Stock mill.
  • Scheduled Start Date: November 1, 2025.
  • Purpose: Validate grade and recoveries; provide potential cash flow to support continuing exploration.
• Grade Control Data (007 North):
  • Weighted Average Grade: 3.84 g/t Au.
  • Weighted Average Thickness: 1.82 metres.
• Project Status:
  • Pardo is a 100%-owned paleoplacer gold project located 65 km northeast of Sudbury, Ontario.
  • The flat-lying, near-surface nature of the mineralization allows for rapid, low-cost drilling to expand the footprint.
  • The company aims to transition from bulk sampling to surface strip mine production.

Notable Quotes

• "It's an exciting time for Inventus. Our phase 2 drill program is targeting the thickest gold intersections we've seen to date. These shallow holes are designed to continue expanding the footprint of mineralization and provide additional data for Pardo's first resource estimate. At the same time, the upcoming bulk sample processing will demonstrate the project's strong economics and mark a major milestone, establishing Pardo as a potential near-term, surface-mining operation." — Wesley Whymark, President and Head of Exploration