What The Most Recent Pardo Results Mean for Inventus and Shareholders
Today’s update from Inventus Mining Corp. marks another important step forward in the advancement of the Pardo River of Gold Project and provides investors with several key developments that continue shaping the broader story at Pardo.
While drill results and technical terminology can sometimes feel overwhelming, the bigger picture behind this release is relatively straightforward:
Pardo continues demonstrating characteristics of a large, shallow gold system while Inventus simultaneously advances exploration, bulk sampling, and preparation work supporting a planned maiden resource estimate targeted for Q4 2026.
UNDERSTANDING THE DRILL RESULTS
For full results please view the official release.
At Pardo, Inventus is not targeting a narrow, high-grade vertical vein system. Instead, the project is focused on shallow, flat-lying conglomerate-hosted gold mineralization that extends laterally across broad areas.
Because of this, drill results at Pardo are often interpreted differently than those from more traditional underground gold exploration projects.
Why Grade Thickness Isn’t the Whole Story
Grade thickness (grade multiplied by interval width) is often used to quickly compare drill results between companies.
While this can be useful, it does not always fully capture the broader context of a mineralized system.
At Pardo, several additional factors are important:
the shallow depth of the mineralization
the flat-lying geometry
continuity across multiple holes
the presence of multiple mineralized conglomerate layers
the potential for bulk mining concepts rather than expensive narrow underground extraction
In simpler terms, a shallow, laterally extensive system may still become highly significant even if individual drill intervals do not appear as spectacular as narrow high-grade intercepts seen elsewhere in the sector.
Plan map illustrating the gold grade (g/t Au) of the approximately 2-metre-thick gold-bearing Main Conglomerate Layer with Lidar background. Holes with reported assays illustrated in red and pending results green.
Plan map illustrating the grade x thickness of the gold-bearing Matinenda Conglomerate Layer with Lidar background. Holes with reported assays illustrated in red and pending results green.
Why Shallow Mineralization Is Different
Many of the reported intersections at Pardo occur close to surface, with some mineralized layers encountered within approximately 12 metres of surface.
This matters because shallow mineralization can:
reduce stripping and access requirements
simplify drilling and geological modelling
potentially lower mining costs
support bulk sampling and development flexibility
For this reason, investors should evaluate shallow systems differently than deep underground discoveries.
Multiple Strong Intersections Continue Building the Picture
Another important takeaway from the latest results is not simply one individual intercept, but the growing number of mineralized intersections being encountered across multiple layers and drilling areas.
Today’s release also highlighted continued progress across several mineralized layers at Pardo, including:
the Main Layer
the Matinenda Layer
the Upper Conglomerate Layer
This is important because the story at Pardo is no longer centered around a single isolated mineralized horizon.
Instead, Inventus continues identifying and expanding multiple stacked mineralized conglomerate layers across the property.
The Main Layer remains the primary focus of current advancement work due to its shallow position, continuity, and growing drill database. However, gold mineralization identified within the Matinenda Layer adds support to the broader district-scale potential of the system.
In practical terms, multiple mineralized layers may increase the long-term scale potential of the project while also providing additional opportunities for future resource growth.
BULK SAMPLING UPDATE - WHY IT MATTERS
One of the most unique aspects of the Pardo story continues to be the ongoing bulk sampling program.
Earlier this year, Inventus processed an initial 2,512 tonnes from the Trench 1 bulk sample, recovering 172 ounces of gold and generating approximately $1.17 million in gold sales. These proceeds exceeded the associated bulk sample costs and provide cash flow, de-risking the project further.
Processing of the remaining 7,500 tonnes is currently underway, with additional results expected in June.
For investors, bulk sampling serves several important purposes:
1. It provides larger-scale validation
Bulk sampling allows the Company to evaluate mineralization on a much larger scale than traditional drill core alone.
2. It supports geological understanding
The program provides additional data regarding grade distribution, continuity, and recoverability.
3. It helps evaluate development pathways
Inventus continues assessing how bulk sampling, ore sorting, and near-surface mining concepts could potentially contribute to future development planning.
4. It differentiates Pardo from many exploration juniors
Most exploration-stage companies are focused entirely on drilling and financing. At Pardo, Inventus is simultaneously advancing exploration work while evaluating practical pathways toward potential near-term cash flow opportunities.
ADVANCING TOWARDS A MAIDEN RESOURCE ESTIMATE
Another major takeaway from today’s update is the continued advancement toward a planned maiden resource estimate targeted for Q4 2026.
A maiden resource estimate represents an important milestone for any exploration company because it begins quantifying the size and grade of a mineralized system using accumulated drilling and geological data.
Current drilling programs are designed to:
expand known mineralization
confirm continuity between drill holes
define the geometry of the mineralized layers
generate additional data supporting future resource modelling
The planned addition of a second drill rig in June also signals the Company’s intention to accelerate drilling activities ahead of this milestone.
WHAT INVESTORS SHOULD WATCH FOR NEXT
Following today’s release, several upcoming catalysts may continue driving attention toward the project, including:
Remaining bulk sample processing results expected in June
Ongoing Phase 2 drilling results
Additional assays from the Matinenda and Upper Conglomerate layers
Expansion of the current 7,000-metre drill program
Continued ore sorting and processing test work
Progress toward the planned maiden resource estimate in Q4 2026
THE BIGGER PICTURE
Today’s update continues reinforcing several themes that are increasingly defining the Pardo story:
shallow gold mineralization
multiple stacked mineralized layers
bulk sampling advancement
expanding geological continuity
advancement toward a maiden resource estimate
evaluation of practical development pathways
While exploration risk always remains part of the mining sector, the combination of ongoing drilling, bulk sampling, and continued expansion of the broader system continues making Pardo one of the more unique and de-risked gold exploration stories currently developing in Canada.
“This is an exciting stage for Inventus. With bulk sample processing underway and Phase 2 drilling restarted, we are advancing the key work programs needed to support a maiden resource estimate while also evaluating a practical pathway toward potential near-term cash flow. The latest drill results continue to highlight what makes Pardo compelling: shallow, flat-lying gold mineralization with simple geometry. The Main Layer’s near-surface position, continuity and ability to be defined with close-spaced grade-control drilling support our view that it provides a strong foundation for future development planning, while results from the Matinenda Layer add confidence in the broader potential of multiple stacked mineralized conglomerate layers.”
