Inventus Accelerates Growth at Pardo: Phase 2 Drilling Commences as Bulk Sample Processing Nears
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The most recent news release from Inventus Mining Corp. on October 16, 2025 (15:11:00) announces the commencement of its Phase 2 drilling program at the Pardo gold project. This program consists of 98 shallow holes totaling 2,500 metres, with the objective of expanding and confirming the continuity of flat-lying gold mineralization to support an initial Mineral Resource Estimate (MRE). This MRE is intended to serve as the foundation for the company's planned mine production permit, with a goal of transitioning to surface strip mine production within 12 months.
The news also provides an update on the 007 North bulk sample program, stating that its processing is imminent, scheduled for November 1, 2025, at McEwen Inc.'s Stock mill. This 4,816-tonne sample aims to confirm grade and recoveries, provide potential cash flow, and validate the project's economics. Previous grade-control drilling at 007 North indicated a weighted average grade of 3.84 gpt gold over 1.82 metres. The management commentary emphasizes targeting thick gold intersections and demonstrating strong economics for near-term surface mining.
This news is a confirmation of ongoing operational activities that have been previously communicated and planned. The commencement of Phase 2 drilling was already stated in an earlier news release on the same day (2025-10-16, 07:00:00), which itself had a "Routine - Positive" rating. The details provided (number of holes, metres, objectives) are in line with the company's stated progression towards a resource estimate and production permit.
The update on the 007 North bulk sample processing indicates a slight delay from the initially anticipated processing date of "on or around October 13th" (as per 2025-09-23 news) to November 1, 2025. While any delay is not ideal, a shift of less than three weeks for a processing event is generally not considered material in the context of a mining project's development timeline. The overall objective of processing the bulk sample to validate economics and generate cash flow remains on track.
Given that this news primarily reiterates and provides minor, expected updates on previously announced plans, its material impact on the company's stock price beyond the sentiment already incorporated by the earlier release is likely to be limited. It reinforces the positive progress but does not introduce new game-changing information or unexpected results. The company is executing its strategy as outlined, which is a routine positive development.
Inventus Mining Corp. (IVS) is a junior mineral exploration company primarily focused on its 100%-owned Pardo gold project, located 65 kilometres northeast of Sudbury, Ontario. The company's overarching goal for Pardo is to advance it towards a maiden Mineral Resource Estimate (MRE) and subsequently obtain a mine production permit, targeting a transition to surface strip mine production within 12 months. Pardo is characterized by flat-lying, near-surface gold mineralization, which Inventus believes is amenable to low-cost open-cut surface mining.
The development strategy involves: 1. Phase 1 Resource Drilling: Completed an 80-hole program to define gold mineralization to a depth of 18 meters, informing future resource estimates and bulk sampling. 2. Bulk Sampling Program: A key initiative to validate grade, recoveries, and economic potential. This program involves extracting and processing up to 45,000 tonnes of material over the next 12 months. * 007 North: A 4,816-tonne sample delivered to McEwen's Stock Mill, with processing imminent (Nov 1, 2025). Grade control drilling showed 3.84 gpt gold over 1.82m. * Trench 1: A 10,093-tonne sample delivered to McEwen's Stock Mill, with processing anticipated in November. Grade control drilling showed 4.10 gpt gold over 1.78m. * Trench 1 North, Trench 1 South, Eastern Reef: Additional sites identified for bulk sampling, with initial grade control drilling at Trench 1 North showing 4.00-4.18 gpt gold over 1.48-1.50m. 3. Phase 2 Drilling: Commenced, with 98 shallow holes (2,500m) aimed at expanding mineralization and gathering data for the MRE. 4. Milling Agreement: Signed a non-exclusive MOU and subsequent milling agreement with McEwen Mining to process up to 45,000 tonnes of Pardo material at their Stock mill, commencing in late July 2025 (now Nov 2025 for first batch). Historical milling in 2017 showed 4.2 gpt gold with 89% recovery.
The company also holds the 100%-owned Sudbury 2.0 critical minerals project, although current news focus is entirely on Pardo. All properties are held royalty-free, based on the absence of any mention of royalties and a refundable deposit for the Pardo advanced exploration closure plan.