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

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%.

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.

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).