INV Metals completed five initial diamond drill holes totalling 1,260m and 41 auger drill holes totalling 372m.
The diamond drilling intersected favorable host rocks containing highly anomalous precious metal values including: 0.91g/t combined gold-palladium-platinum (Au-Pd-Pt) over 4.4m, 0.96 g/t Au-Pd-Pt over 2m, and 1.1g/t Au-Pd-Pt over 1m.
The auger drilling established a number of gold-palladium-platinum soil anomalies located on the western portion of the Rio Novo North claim with highly anomalous values including intervals of 4m of 39 parts per billion (ppb) Au, 78 ppb Pd, 14 ppb Pt and 20m of 42 ppb Pd.
The auger drilling targeted a number of precious metals soil anomalies and verified five discrete soil anomalies that justify diamond drill testing in 2011.
The 2011 exploration program to the Rio Novo property anticipates a diamond drill program of 10,000m, including 3,000m at the Rio Novo North target to evaluate the potential for a similar deposit to Serra Pelada and 7,000m at the southern claims to evaluate copper-gold targets.
The 2011 exploration program also includes the development of new targets and further geochemical and geophysical work on various known targets on the property.
