Inventus Mining Acquires New Property Near Sudbury

- May 7th, 2018

Inventus Mining (TSXV:IVS) (has reported that it has staked 188 square kilometers of new mineral claims located east-northeast of the Sudbury Basin in Ontario. According to the press release the claims targeted the Temagami Magnetic Anomaly, a large magnetic anomaly of similar size and intensity to that of the Sudbury Basin (formed by a meteorite … Continued

Inventus Mining (TSXV:IVS) (has reported that it has staked 188 square kilometers of new mineral claims located east-northeast of the Sudbury Basin in Ontario.

According to the press release the claims targeted the Temagami Magnetic Anomaly, a large magnetic anomaly of similar size and intensity to that of the Sudbury Basin (formed by a meteorite impact 1.85 billion years ago), which hosts multiple world class nickel-copper-platinum group element  deposits.

As quoted in the press release:

The claims were acquired after receiving an interim research report from the geological department of Wuerzburg University in Germany. The research findings relate to rocks from a deep borehole (AT-14-01) drilled by Canadian Continental Exploration Corp. (a private corporation 18 percent owned by Inventus) in 2014, on the peak of the Temagami Magnetic Anomaly. The drill hole is located 46 km from the eastern rim of the Sudbury Basin. It intersected unknown magnetic intrusive rocks with geochemical signatures similar to those of the unique offset dykes around the Sudbury Basin.

Inventus intends to approach the exploration of the newly acquire property by initially looking for evidence on surface that supports our scientific thesis. An intrusion the size of the Temagami Anomaly would strongly affect the older overlying rocks, leaving evidence on surface in the form of dykes and sills, and as hydrothermal alteration zones with breccia that would have been generated by the intense heat and enormous size of the intrusion.

Click here to view the full Inventus Mining Corp (TSXV:IVS) press release.

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