Drilling to Commence at Trojan Copper-Gold Target
- Large undrilled Trojan IP target at interpreted centre of Nankivel porphyry system
- Prior adjacent drilling shows trademark porphyry vectors to shallow Trojan target
- All clearances finalised for drilling
- Drill contractor mobilising to site.
Investigator drilling with government PACE assistance during 2016 and 2017 confirmed the porphyry setting and mineral-geochemical zonation for the Nankivel system. Induced Polarisation ("IP") geophysical surveying delineated a large 2km by 600m chargeability anomaly, nominated as the Trojan target (see Figure 2 in link below) with copper-gold potential at the interpreted centre of the porphyry system.
A reverse circulation percussion ("RCP") drill rig has been secured to drill three 250m deep holes to test the top of the Trojan target (see Figure 2 in link below). The holes will be extended if encouraging copper mineralisation is intersected.
Investigator's Managing Director John Anderson said "Investigator's drilling will test if the Trojan IP target is a copper-gold mineralised centre as often found in zoned porphyry systems around the world. If so, it will significantly enhance the prospectivity and value of the Peterlumbo tenement which already hosts the substantial Paris silver deposit."
"Following the Trojan drilling, the rig will drill four holes at Paris to follow up promising silver extensions detected by a smaller depth-limited RCP rig in December (IVR - ASX release 29 January 2018)." Mr Anderson added.
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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