INV Metals adds to highly prospective exploration properties along the Andean Mineral Belt in Ecuador
Friday, Jun 16, 2017
INV Metals ("INV Metals" or "Company") is very pleased to announce it has been awarded the Carolina concession located within one km south east of the Cascabel copper-gold discovery located in the Imbabura province, in northern Ecuador.

Ms. Candace MacGibbon, CEO, stated, "We remain highly focused on developing our 100% owned Loma Larga gold project in Ecuador. With the government commencing the competitive auction process for concessions early last year, INV Metals is uniquely positioned to leverage its internal exploration expertise to aggressively acquire very prospective exploration properties with excellent potential to host gold deposits like Loma Larga and Fruita del Norte and large copper-gold porphyry deposits similar to those that are present throughout the Andean Mineral Belt that extends from Chile to Columbia, through Ecuador. INV Metals, in addition to acquiring the Loma Larga property from IAMGOLD Corporation ("IAMGOLD") in 2012, also maintained key members of our management, social and exploration teams and acquired our extensive exploration database collected over decades of multi-company exploration in Ecuador."

She added, "We are very pleased to announce that we have acquired the Carolina concession, which totals 3,040 hectares, and is located within one km south east of SolGold PLC and Cornerstone Capital Resources Inc.'s significant Cascabel copper-gold porphyry discovery. INV Metals is in the process of designing an exploration program for the Carolina concession, consisting of geological mapping and prospecting, geophysical surveys, and geochemical soil and stream sampling programs to identify drill targets. We recently acquired the Las PenĂ£s and Tierras Coloradas concessions (see our press releases dated January 23 and 30, 2017) and are now conducting exploration programs on these highly prospective properties with the goal of identifying gold and copper-gold targets for drill testing. The Company has a budget of $2 million for grassroots regional exploration in 2017."

Historical exploration work by IAMGOLD and others identified favourable geology and copper, gold and arsenic stream sediment anomalies on the Carolina concession. The regional geology on the property consists of Upper Cretaceous sedimentary rocks overlain by Oligocene to Miocene andesitic lava flows and breccia. These units are intruded by potential host rocks consisting of Miocene age granodiorite and diorite batholiths and stocks, and contain numerous major regional tectonic structures that typically strike northeast. One such structure on the Carolina concession, the Apuela regional fault, transects from the Cascabel properties southeast into INV Metals' Carolina property.

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