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:

About Investigator Resources Ltd

Investigator Resources Limited (ASX:IVR) is a metals explorer with a focus on developing its 2011 Paris silver discovery in the southern Gawler Craton on South Australia's northern Eyre Peninsula.

The Company announced a revised upward estimation for the Paris Silver Project Mineral Resource to 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 is accelerating the development pathway for the Paris silver project with the preparation of a Pre-Feasibility Study.



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: 25) (Last 30 Days: 174) (Since Published: 1237) 

Investigator Resources Ltd NEWS: RECENT VISITS (14239)