- Inventus Mining (IVS) now has a drill rig in place at the company’s Sudbury 2.0 Project in Ontario
- The Toronto-based company has the drill in position at the Cobalt Hill Target on the wholly-owned property
- In 2021, the Sudbury 2.0 Project was expanded and consolidated with the acquisitions of Rathbun, Cobalt Hill and the Lake Zone
- A 4,000-metre drill program is testing a large 3D IP anomaly in the area
- Inventus Mining is up 24.24 per cent, trading at $0.04 at 1:09 p.m. EST
Inventus Mining (IVS) has a drill rig in place at the company’s Sudbury 2.0 Project in Ontario.
The Toronto-based company has the drill in position at the Cobalt Hill Target on the wholly-owned property.
In 2021, the Sudbury 2.0 Project was expanded and consolidated with the acquisitions of Rathbun, Cobalt Hill and the Lake Zone.
A 4,000-metre drill program is testing a large 3D IP anomaly in the area.
The first pass of drilling conducted at Cobalt Hill and the Lake Zone in the winter of 2021 provided an initial look at core samples to better understand the geology and mineralization present on the properties. Mineralization is believed to be related to an IOCG-type mineral system with enrichment of gold, copper, cobalt, nickel and REEs.
A property-wide airborne MT survey was completed in July, surface exploration work was conducted at the Rathbun target, and drilling was conducted at the Lake Zone, Cobalt Hill, and very recently at Rathbun targets.
The company also received additional cash proceeds of $203,000 from the exercise of warrants and sales of marketable securities.
Inventus Mining is up 24.24 per cent, trading at $0.04 at 1:09 p.m. EST.