New Gold Layer Discovered in Ontario, But Does it Have Enough Scale? | Inventus Mining CEO Interview

**Antonio** (0:00)
This video is sponsored by Terrahutton, who makes the invisible, investible. Today on the CEO BBQ, advanced gold exploration and even a little bit of revenue from gold in Ontario, together with Inventus Mining. But if you're short on time, subscribe to our free newsletter and once a week, we'll send you a five-minute summary of all interviews we put out, resourcetalks.com for a free weekly newsletter. Now, although this company has paid us for the production of this video, you should still understand that we are not financial advisors and this is not intended as financial advice. It is a broad, general, and in-personal piece of information intended only for those who know and understand the risks of junior mining, of which there are many. Before moving on, read the company's official filings on Sitterplus.ca and do your own due diligence. Pause the screen and read all the disclaimers I've shown you because your capital is at risk. If this isn't clear, go to the last section of this video for a longer explanation of the risks and biases and do not consume this content if you don't agree with everything said therein. Moving on, this is not Inventus' first time on the CEO BBQ, so if it's your first time hearing about the company, I'm going to post a link to an Inventus playlist. I believe there's two videos in there. One of it was me going to their booth at the PDC and looking at the core that they've got, and then the second one was Wes and I doing a bit of a deep dive, an introduction to the story that contained the smell test and the basic grilling and whatnot. I'm not going to repeat all that in here, but I'm just going to do an update on what they've been doing since then since I last spoke to them.
In a nutshell, though, Inventus' flagship asset is Aparto Paleoplaster Gold Project, which is roughly 65 kilometers northeast of Sudbury in Ontario. The deposit is a near surface flat line gold bearing conglomerate, turns out it's conglomerate layers right now, which is something we'll talk about as well. That includes the main horizon and the second stacked unit that was recently discovered in drilling, which again, hopefully we'll get an update on later on.
Right now, there's two drill rigs that are turning on a phase two drill program that's designed to test continuity and expand the mineralized footprint ahead of a maiden resource that is targeted for Q4 of this year, or maybe not because of that new discovery. I don't know, but I will ask about it. At the same time, as discussed in my first interview with Wesley, there are also now processing material from the Trench1 bulk sample site through McEwen Mining says Mill, it's called the Stock Mill.
Hopefully, an update on that as well later on. Now, for some of the numbers and a bit of the details here, Inventus is listed as IVS on the TSX-V, where the average three-month volume has been about 100,000 units. The stock's 52-week high is 38 cents and the stock's 52-week low is 18 cents. With a market cap of just under 60 million Canadian dollars and just over 221 million shares outstanding today, this is a 27-cent stock with a 50 and a 200-day moving average at respectively, 25.5 and 26.9 cents, which means the stock is now trading right above both of them, actually, at 27 cents. The last time they raised money was in April of this year. They raised $2.5 million of flow through money at 28.5 cents, and of course, I'll have some questions about that or about money in general, what they're planning on spending it on, how far it's going to take them, whether they have to raise again later on in the conversation. Now, for this to actually become a conversation, though, it might be a good idea for me to shut up, and Wes, I'll give you the word here, but first of all, thank you for sitting down with me today.

**Wesley Whymark** (3:25)
Yeah, thanks for having me back on, Antonio. Yeah, it's great to catch up, and we'll discuss some things of what's happened since our last conversation.

**Antonio** (3:36)
Well, let's do exactly that. I am looking forward to doing that, because the last time I spoke to you again was at PDHC in Toronto. You laid out the plan.
I had some questions about that and so on and so forth. Now it's almost six months later. What has changed? What have you done for shareholders since we last spoke?

**Wesley Whymark** (3:54)
We did get another 10,000 ton bulk sample complete. We discussed having multiple stacked layers of goldminization, and we've been confirming that now, so we put out some news on the Matananda layer. And we actually hit high-grade gold in that. So that's something we're looking at to expand, and it's becoming a very important target for AdPardo.