Inventus Reports $1.16 Million in Gold Sales and 102% Return on Bulk Sample Cost at Pardo
Original announcement by tmx on
- Company
- Inventus Mining Corp.
- Ticker
- IVS
- Exchange
- TSX
- Region
- Ontario
- Primary commodity
- Gold
- Secondary commodities
- None reported
- Document categories
- Metallurgy
- Extracted
- 2026-09-14 06:48:36 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Inventus Mining Corp. reported successful results from its Trench 1 bulk sample at the Pardo Project, recovering 172 ounces of gold from 2,512 tonnes. The campaign generated $1.16 million in gold sales, exceeding direct costs by 102%, despite winter conditions affecting milling throughput and sampling reliability.
Reasoning: The bulk sample demonstrated strong economics (102% return) and high gold sales, though technical reliability was hampered by winter conditions and limited sample volume.
Positive factors
- Strong economic return on bulk sample
- High gold sales relative to costs
- Established CIL flowsheet
Negative factors
- Winter conditions impacted throughput and sampling reliability
- Only 25% of bulk sample processed to date
- Metallurgical results are preliminary estimates
Facts used in scoring: 1
Classification and evidence
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: The bulk sample was processed using a conventional CIL flowsheet at a stock mill.
Evidence · text
“utilizing a conventional carbon in leach "CIL" flowsheet”
Bench Scale Onlynegative
Only preliminary bench tests completed — no locked-cycle or pilot work.
Why it applies: The results are from a bulk sample campaign described as providing operating data to refine a resource estimate, but the document notes throughput and sampling reliability were limited by winter conditions.
Evidence · text
“Material freezing within the milling circuit reduced throughput relative to the planned run and limited the reliability of tailings sampling.”
Single Domain Onlynegative
Testing limited to one composite or domain — representativeness not established.
Why it applies: only one composite was tested
Extracted facts
Stored fact records: 1. Some facts used in scoring do not have a stored record.
Metallurgical Results (1)
CILPardo · goldRecovery: 85 %Head Grade: 2.51Head Grade Unit: g/tView all detailsHide details
Identity
- Project
- Pardo
- Commodity
- gold
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- IVS
Test Work
- Program Status
- preliminary
- Test Type
- CIL
- Processing Route
- ball mill, CIL tanks
- Sample
- Trench 1 bulk sample, 2,512 dry tonnes processed
Recovery
- Recovery
- 85 %
- Recovery Basis
- actual_test
- Head Grade
- 2.51
- Head Grade Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-18T00:00:00.000Z
Reasoning: The recovery and grade are reported as estimates due to operational challenges caused by severe winter conditions.
Positive factors
- 85% recovery is solid for a preliminary bulk sample
Negative factors
- Results are estimates due to winter conditions affecting throughput and tailings sampling reliability
Evidence · text
“Trench 1 bulk sample is estimated to have a head grade of 2.51 g/t gold and a metallurgical recovery of 85%. These figures are estimates because severe winter conditions affected the milling campaign.”
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the mill_cil signal
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.