New Drilling Shows Extensions at Paris Silver Project
New Drilling Shows Extensions at Paris Silver Project
Adelaide, Jan 29, 2018 AEST (ABN Newswire) - Investigator Resources Limited (ASX:IVR) is pleased to provide an update of the results for the first phase of extension drilling undertaken in December 2017 at the Company's 100% owned Paris Silver Project. The aim is to build on the 42Moz silver resource to make the Company's priority Paris project even more robust. Induced Polarisation ("IP") geophysical surveying of target areas surrounding Paris is underway with the same objective.

- Silver & lead intersections show potential for resource extensions to the south; e.g.

o PPRC457: -- 24m @ 66g/t silver from 81m below surface

-- 135m @ 0.52% lead from 9m

o PPRC443: - 31m @ 1.34% lead from 36m

- Drilling to resume mid-February

- IP geophysical surveying continues over Paris satellite target areas.

A total of 25 reverse circulation percussion ("RCP") holes with an average depth of 108m (minimum 60.0m and maximum 153.0m) were drilled vertically for an aggregate 2,688m (see Table A in link below). The holes tested the north and south ends of the resource where prior wide-spaced drilling offered the potential for add on mineralisation (see Figure 1 in link below), in addition to a test of an IP anomaly previously delineated by Investigator in the undrilled 200m x 400m south-eastern sector of the deposit.

The results in this release relate to 3m composite sample intervals with all assays received for the new drill holes (see Tables B & C in link below).

Drilling at the south end of the Paris deposit delivered positive results, showing continuity and potential extensions to the silver-mineralised breccias along (Figure 2 in link below) and south of the southern dyke (Figure 1 in link below).

In addition, the tops of prospective breccias were intersected in the previously undrilled south-east target area. The available small RCP rig could not penetrate the highly altered breccias below 67m at this locality (Figure 3 in link below). Strong lead mineralisation and anomalous silver indicate deeper potential coincident with a chargeable IP anomaly.

A larger RCP drill rig is contracted to recommence deeper drilling of the south-east target area at Paris in mid-February.

The drilling of seven holes at the north end achieved silver intersections in three holes with more extensive lead intersections. The holes intersected a mix of breccias and dykes indicative of structural complexity in the northern part of the deposit. A northerly trending felsic dyke which was interpreted to cross cut the mineralisation at an oblique angle has been confirmed. There is potential for the silver mineralisation to continue on the north-westerly side of the dyke under prior shallow drilling. The current IP surveying includes traverses in this area that will guide further drilling.

IP surveying continues around Paris including the extensions beyond the dykes at the north and south ends of the current resource. The survey is scheduled to be completed in early February with provision for follow up drilling of any resulting targets in March-April.

To view tables and figures, please visit:
http://abnnewswire.net/lnk/N5WDX5X3


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



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