The Market Online speaks with Inventus Mining President & Head Of Exploration, Wesley Whymark as Inventus Announces Early Warrant Exercise by McEwen Mining and Begins Grade Control Drilling at Pardo.
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00:00Welcome to The Watchlist. I'm Lindsay Melchuk. Inventus Mining has announced an early warrant
00:10exercise by McEwen Mining, and they are set to begin grade control drilling at Pardo.
00:16Here with us to chat more about this is President and Head of Exploration, Wesley Weimark.
00:21Hello, Wesley. Sounds like there's a lot going on over there.
00:24Yeah, it's been an interesting couple of months.
00:28Absolutely. Well, then let's dive right into things. Now, my first question is, you know,
00:33how might McEwen Mining's early exercise of warrants influence Inventus Mining's financial strategy
00:40and really its ongoing exploration activities at the Pardo Paleo Placer Gold Project?
00:47So, yeah, we were planning an aggressive 2025 bulk sampling program,
00:53and McEwen Mining's exercise of those warrants really gave us a major vote of confidence
01:00and a financial boost to kick off that effort. And we're using those proceeds to do some grade
01:07control drilling prior to extraction of this bulk sample.
01:12So, Wesley, I mean, what potential advantages does the commencement of grade control drilling bring
01:19to Inventus Mining's resource estimation efforts? And how could this impact investor confidence then?
01:26So, the grade control drilling is going to outline the grade of the pits that we plan on extracting.
01:33And those bulk sample pits are important to reconcile the resource grade of our deposit.
01:43And because of the high gold price and our known costs for bulk sampling,
01:50we think this is going to be very advantageous for the company
01:54and help our balance sheet and help development of the resource in general.
02:00Well, I'm going to throw one more quick question at you, if I could.
02:03I mean, what can investors be looking out for in the coming quarters?
02:09We are working on a milling agreement with McEwen Stock Mill.
02:15And if we can get that and the grade control drilling looks good,
02:21then they should watch out for those two items because we're going to be doing,
02:28proceeding with our aggressive bulk sampling plan of 45,000 tons.
02:34Well, there is a ton of brilliant key takeaways here.
02:37Thank you again for joining us and come back soon.
02:40All right. Thanks, Lindsay.
02:42Again, that was Wesley Weimark, President and Head of Exploration of Inventus Mining.
02:46Their website is inventusmining.com for more information.
02:50And stay right here on stockhost.com for all of your market news.
02:53I'm Lindsay Melchick. We'll see you next time.
02:58I'm Lindsay Melchick.
03:01I'm Linda Weimark.
03:12I'm Linda Weimark.