Drilling to Start at Paris Silver Extensions
The drilling will investigate the opportunity of expanding the Paris Mineral Resource from 42 million contained silver ounces to further strengthen the high-grade and conceptually open-pittable Paris Silver Project. The 100% Investigator-owned Project is well-located near Kimba on the northern Eyre Peninsula of South Australia.
Approximately thirty vertical reverse circulation percussion ("RCP") holes, totalling about 2,500 metres of drilling, are proposed to be completed before Christmas. These will test under-drilled northern extensions and un-tested south-eastern extensions of the Paris deposit. The first drill assays are expected during January.
Some of the new drill holes are guided by previously surveyed Induced Polarisation ("IP") geophysics.
Additional IP surveying will also commence in December to evaluate satellite silver prospects surrounding Paris in preparation for further RCP drill testing during the March 2018 quarter.
In parallel with the drilling, a Pre-Feasibility Study is continuing with the aim of moving the Paris Silver Project towards development. Positive initial outcomes for a potential water supply and ore comminution were reported recently (Investigator ASX release - 14th November 2017). In addition, planning for the drilling of the Nankivel copper-gold target near Paris is well advanced.
About Investigator Resources Ltd
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.
Investigator Resources Ltd