Inventus Mining Begins Phase 3 Drilling at Pardo "River of Gold" Project

12:04 PM EDT, 10/20/2026 (MT Newswires) -- Inventus Mining (IVS.V) began Phase 3 drilling at its Pardo "River of Gold" Project near Sudbury, Ontario, it said Tuesday. The company expects the approximately 6,000-meter, 155-hole program to test the extension of Pardo's multiple gold-bearing layers and expand the area tested by drilling by approximately 196%, from 1.2 square kilometers to 3.55 square kilometers, it said. The company said step-out drilling will test the continuation of multiple gold-bearing conglomerate layers, including the sulphide-rich Matinenda Conglomerate (MaC) in the western part of the project. The company is receiving the final Phase 2 drill assay results, which will be integrated into its maiden mineral resource estimate, targeted for completion in mid-November, it added. "We have encountered gold-bearing conglomerate throughout the area drilled to date, and this program will test a significantly larger area across multiple layers," said Chief Executive Officer Wesley Whymark. "At the same time, the Matinenda presents an exciting opportunity to potentially develop a second DSO product alongside our more advanced Main Layer." The company's shares were last seen up CA$0.01, or 4%, to CA$0.26 on the TSX Venture Exchange. Price: 0.26, Change: +0.01, Percent Change: +4.00