Quarterly Activities Report
Quarterly Activities Report
Adelaide, Oct 31, 2017 AEST (ABN Newswire) - Investigator Resources Ltd (ASX:IVR) provides the Company's Quarterly Activities Report.

HIGHLIGHTS: Additional funding to strengthen the Paris Silver Project and expand the surrounding silver and copper-gold potential

Capital Raising - Raised A$2.4million (gross proceeds):

- Oversubscribed Placement takes cash position to approximately A$4.2million.

- An offer to Eligible Shareholders via an SPP to raise up to an additional A$1.0million on equivalent terms as the Placement.

- Funds to be used to explore Paris extensions and surrounding targets with the aim of establishing a larger resource base for IVR becoming a high-grade silver producer.

Paris Silver Project - Paris Pre-Feasibility Study ('PFS') in progress:

- Advanced metallurgical work commenced on composited representative drill samples after geochemical classification of geometallurgical domains within the deposit.

- Hydrological study of a potential water supply is in progress.

- Induced Polarisation ('IP') geophysics and 5,000m of drilling planned to test Paris extensions/surrounds under improved target model.

- PFS extended into 2018 to take account of the opportunity for a larger resource and robust metallurgical model.

Nankivel copper-gold prospects near Paris - Additional targets identified:

- New mapping enhances and adds large porphyry targets.

- Heritage survey underway to gain drill access to initial Trojan IP porphyry target.

- Further drilling and extended IP surveying proposed subject to securing a Joint Venture partner.

To view the full report, please visit:
http://abnnewswire.net/lnk/V57796K7


About Investigator Resources Ltd

Investigator Resources Limited (ASX:IVR) is a metals explorer with a focus on the opportunities for greenfields silver-lead, copper-gold and other metal discoveries in South Australia.

The Company's priority is progressing the development pathway for the Paris silver project with the preparation of a pre-feasibility study. The Paris Mineral Resource Estimate is 9.3Mt @ 139g/t silver and 0.6% lead, comprising 42Moz of contained silver and 55kt of contained lead, at a 50g/t silver cut-off. The resource has been categorised with an Indicated Resource estimate of 4.3Mt @ 163g/t silver and 0.6% lead for 23Moz contained silver and 26kt contained lead, and an Inferred Resource: 5.0Mt @ 119g/t silver and 0.6% lead for 19Moz contained silver and 29kt contained lead.

The Company has applied an innovative strategy that has developed multiple ideas and targets giving Investigator first-mover status. These include: the Paris silver discovery; recognition of other epithermal fields and the associated potential for porphyry copper-gold of Olympic Dam age; extending the ideas developed at Paris-Nankivel and using breakthrough government Magneto-Telluric surveying to rejuvenate targeting with the Maslins IOCG target as the next priority drill target.

 


Contact

Mr John Anderson
Managing Director
Investigator Resources Limited
E: info@investres.com.au
T: +61-8-7325-2222

Mr Peter Taylor
Investor Relations
NWR Communications
E: peter@nwrcommunications.com.au
T: +61-41-203-6231



Related Companies

Investigator Resources Ltd        

ABN Newswire This Page Viewed:  (Last 7 Days: 3) (Last 30 Days: 27) (Since Published: 1500) 
ANALYTICS: LOGIN HERE

Investigator Resources Ltd NEWS: RECENT VISITS (7801)