INV Metals Initiates Drilling at Loma Larga Project in Ecuador (aka Quimsacocha)

INV Metals Initiates Drilling at Loma Larga Project in Ecuador (aka Quimsacocha) 
TORONTO, ONTARIO -- (Marketwired) -- 04/10/13 -- INV Metals ("INV
Metals" or "Company") (TSX:INV) is pleased to announce that it has
initiated its first drill program at the Quimsacocha gold project
located in Ecuador and that it has re-named its Quimsacocha project,
acquired from IAMGOLD Corporation in 2012 (see INV Metal's November
14, 2012 press release), the Loma Larga gold project ("Loma Larga",
the "Project" or the "Property"). 
Mr. Robert Bell commented, "We are pleased to announce that the
Company commenced drilling at Loma Larga in late March following a
lengthy and detailed review of all available data from previous work
on the Project. The data review was very successful in identifying
numerous high priority targets on the Property that have potential to
significantly add to Loma Larga's global gold resource and to
discover new gold deposits on the Property. The Company plans to
drill an initial program of 6,000 metres exploring for extensions and
possible stacked gold lenses above and below the known gold
mineralization and for new discoveries elsewhere on the Property. In
addition, a limited amount of drilling will be conducted to obtain
core samples for additional metallurgical testing." 
The Company believes that the known resource remains open in several
directions and has identified a number of potential extensions to the
current Indicated Mineral Resource estimate of 3.3 million ounces
gold within 32.6 million tonnes grading 3.2 g/t gold, 22 g/t silver
and 0.20% copper (see below for more details). The deposit appears to
be open to the north where several historic intersections,
approximately 150 metres to the north of the resource, could
represent a continuation of the deposit. These intersections are not
included in the current resource estimates and include 4.8 g/t gold
over 8.3 metres, 15.0 g/t gold over 3.9 metres, 7.4 g/t gold over 1.5
metres, and 4.6 g/t gold over 3.3 metres(1). 
A crosscutting northwest-southeast structure has been identified on
surface by geological mapping. This structure hosts intense silica
alteration in outcrop over a 450 metre strike length, beginning about
200 metres northwest of the Loma Larga deposit. In addition to the
positive surface indications, there are several mineralized drill
intersections not included in the current resource estimates,
including 5.6 g/t gold over 11.2 metres, and 5.7 g/t gold over 38.1
metres, including 31.3 g/t gold over 3.7 metres(1). 
In addition, the data review indicated a potential for multiple
stacked lenses above and below the known resource. The concept of
stacked lenses is supported by the presence of a number of high-grade
intersections above the defined resource including 8.4 g/t gold over
30.7 metres and 12.9 g/t gold over 13.6 metres and mineralized
intersections approximately 75 metres below the known deposit,
including 16.8 g/t gold over 9.1 metres and 3.0 g/t gold over 4.1
metres(1), separated by a horizontal gap of 375 metres with no
previous drilling. 
The Company's highest priority target that could represent a new
deposit on the Property is Loma Larga West, a 1.2 kilometre long
north-northwest trending zone parallel to and west of the known
resource. It has a magnetic-low signature similar to that over the
Loma Larga deposit and positive drill indications at both ends of the
magnetic anomaly. 
(1) Drill intersections range from negligible g/t gold to those shown
in this press release. The potential quantity and grade of the drill
intersections is conceptual in nature, there has been insufficient
exploration to define a mineral resource and it is uncertain if
further exploration will result in the target being delineated as a
mineral resource. 
Please go to the Company's web site for pertinent
figures and diagrams relating to this press release. 
Loma Larga Property, Ecuador 
In November 2012, INV Metals successfully completed the purchase of a
100% interest in IAMGOLD Ecuador S.A., which holds a 100% interest in
the Loma Larga Property, from IAMGOLD Corporation and various
The Loma Larga deposit is a high sulphidation epithermal
gold-copper-silver deposit with a high grade core of 2.1 million
ounces grading 6.3 g/t gold, surrounded by a lower grade shell hosted
by volcanic flows and volcaniclastics for a total Indicated Mineral
Resource estimated at 3.3 million ounces gold within 32.6 million
tonnes grading 3.2 g/t Au, 22 g/t Ag and 0.20% Cu, with an Inferred
Mineral Resource estimated at 0.2 million ounces gold within 2.3
million tonnes grading 2.2 g/t Au, 27 g/t Ag and 0.22% Cu, both at an
NSR cut-off value of US$22/tonne, equivalent to approximately a 0.4
g/t gold cut-off. The deposit is a flat lying, north-south striking,
cigar shaped body, which is considered to be amenable to both open
pit and underground mining scenarios. The mineralized zone hosting
the resource has a strike length of approximately 1,600 m north-south
by 120 m to 400 m east-west and up to 60 m thick beginning
approximately 120 m below surface. (See the Company's National
Instrument 43-101 Technical Report titled "Technical Report on the
Quimsacocha Project, Azuay Province, Ecuador", dated July 18, 2012,
by Wayne W. Valiant, Katharine M. Masun, and John T. Postle, all
Qualified Persons as defined under National Instrument 43-101, which
is available on the Company's website at and the
Company's profile on 
Mr. Robert Bell, P. Geo, of INV Metals is a "qualified person" as
such term is defined in NI 43- 101 and has reviewed and approved the
technical information and data related to the Project included above. 
About INV(TM) Metals 
INV(TM) Metals is an international mineral resource company focused
on the acquisition, exploration and development of base and precious
metal projects in Ecuador, Brazil and Namibia. Currently, INV(TM)
Metals' primary assets are: (1) it's 100% interest in the Loma Larga
(formerly Quimsacocha) gold property in Ecuador, (2) its 35% interest
in the Kaoko property, located in Namibia and (3) its 50% interest in
the Rio Novo southern claims, located in Brazil. 
Forward-Looking Statement 
This press release contains certain forward-looking statements.
Forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievement of INV Metals to be materially different
from any future results, performance or achievements expressed or
implied by such forward-looking statements. Such factors include,
among others, risks related to the actual results of current
exploration activities, conclusions of economic evaluations, risks
associated with mining and mineral exploration activities,
uncertainty in the estimation of mineral resources, including,
without limitation, the assumptions on which such estimates are
based, changes in project parameters as plans continue to be refined,
future prices of metals, economic and political stability in Ecuador
and Canada, environmental risks and hazards, increased infrastructure
and/or operating costs, availability of future financing, labour and
employment matters, and government regulation. There is no guarantee
that any drill targets or economic mineral deposits will be found on
INV Metals' properties. For a more detailed discussion of such risks
and other factors, refer to INV Metals' annual information form filed
with Canadian securities regulators available on
INV Metals
Candace MacGibbon
President and CFO
INV Metals
Robert Bell
Chief Executive Officer
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