Northwire Canada EditionFriday, July 10, 2026
Northwire
GRSL 0.320 +6.7% DEX 0.385 −1.3% WMS 0.040 +0.0% EMPR 0.820 −4.7% SAGA 0.480 −2.0% ABX 52.22 +3.3% CGM 0.250 +2.0% OGN 3.38 +0.6% ALS 62.23 +2.5% JZR 0.235 −6.0% TECT 2.18 +6.9% EQX 13.81 +3.1% OLA 13.79 +3.2% LME 0.190 +0.0% MNO 1.65 +0.0% DML 4.49 +2.0% GRSL 0.320 +6.7% DEX 0.385 −1.3% WMS 0.040 +0.0% EMPR 0.820 −4.7% SAGA 0.480 −2.0% ABX 52.22 +3.3% CGM 0.250 +2.0% OGN 3.38 +0.6% ALS 62.23 +2.5% JZR 0.235 −6.0% TECT 2.18 +6.9% EQX 13.81 +3.1% OLA 13.79 +3.2% LME 0.190 +0.0% MNO 1.65 +0.0% DML 4.49 +2.0%
Drill Results Routine +

Inventus Expands Pardo With Strong Drill Results and Advances Multiple Gold Layers Toward a Maiden Resource

Inventus transitions from explorer to self-funded developer as Pardo bulk samples yield high-grade gold and non-dilutive cash flow.

Executive Summary

The most recent news (April 1, 2026) reports Phase 2 drill results from the Pardo "River of Gold" project, featuring high-grade intercepts including 23.45 g/t Au over 0.30m and 18.81 g/t Au over 0.36m. Crucially, the drilling footprint has expanded by 150%, now covering 0.5 km² of a 2.5 km² target area. The company identified three stacked gold layers (Main, Upper, and Matinenda), suggesting a much larger system than previously modeled. Operationally, the company is moving 17,500 tonnes of bulk sample material for processing in H2 2026, following a successful March update where gold sales from initial processing exceeded direct costs by 102%.

Material Impact

The news is Routine - Positive. While the drill results are high-grade and the footprint expansion is significant, this is an incremental advancement of the strategy laid out in late 2025. - Resource Growth: The identification of three stacked layers is a material geological win, as it moves the project from a single-reef play to a multi-layer system, potentially increasing the upcoming Maiden Resource Estimate (MRE) tonnage. - Economic Validation: The March 18 news confirmed a head grade of 2.51 g/t Au and 85% recovery, generating $1.16M in sales. This proves the "mine-and-haul" model is economically viable at current gold prices. - De-risking: The expansion of the footprint to 20% of the target area reduces the risk of the project being a "small pocket" discovery. However, the market likely expected positive results given the grade-control drilling previously reported.

IVS · Price
Company Overview

Inventus Mining Corp. focuses on the Pardo "River of Gold" Project near Sudbury, Ontario. It is a unique paleoplacer gold deposit (similar to the Witwatersrand in South Africa) characterized by flat-lying, near-surface gold-bearing conglomerates. The project is 100% owned and benefits from proximity to existing milling infrastructure (McEwen Inc.’s Stock Mill).

Read the original news release →

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