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Inventus Mining to Acquire Gold, Copper, Nickel, Platinum, Palladium And Cobalt Properties Near Sudbury-2020 China(Guangzhou)Int’l Non-Ferrous Metal（Copper）Exhibition
12/5/2019 - Copper exhibition -non-ferrous metals expo |
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Inventus Mining Corp announced that it has signed a letter of intent with the secured creditor and principal shareholder of Flag Resources (1985) Ltd for the planned acquisition of the three mineral properties adjoining the 100%-owned Sudbury 2.0 project. Inventus intends to acquire 100% of all the properties currently held by Flag for nominal share consideration and to a new 2% net smelter return royalty interest, in a series of transactions over the coming months. The final terms and consideration for the acquisition are subject to, among other things, Flag shareholder approval and TSX-Venture exchange approval.
Inventus is expanding the Sudbury 2.0 project with the planned acquisition of the Wolf Lake, Cobalt Hill and Rathbun Lake properties
The adjoining Wolf Lake and Cobalt Hill properties consist of a 3.5 sq. km block of mineral leases with historic high-grade gold and copper drilling intersections. Flag acquired the property in 1980 and conducted various drill programs until 2001, reporting many high-grade drill intersections up to 16.6 g/t gold over 22.4 m in Hole WL-90-03, and 2.5% copper over 22.7 m in Hole WL-83-28. The Wolf Lake and Cobalt Hill occurrences are 1.2 km apart and occur along the same structure. In October 2019, Flag was granted a permit to drill several confirmatory drill holes in the mineralized areas.
有色金属展-铜材展-2020年广州国际有色金属工业（铜业）展览会
-2020 China(Guangzhou)Int’l Non-Ferrous Metal（Copper）Exhibition
-Non-Ferrous Metal exhibition, 2020
Non-Ferrous Metal exhibition, Non-Ferrous Metal expo, 2020 Non-Ferrous Metal
expo, Copper exhibition, Copper expo, 2020 Copper exhibition, 2020 Copper expo,
China Copper exhibition, China Copper expo
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