Quarterly Activities Report
Maslins IOGC target:
- Release of final Magneto-Telluric ('MT') data gathered by Geosciences Australia ('GA') enabling additional geophysical interpretation to commence.
- 3D modelling of the gravity and magnetics underway to refine drill targeting options.
- Preparation of an Information Memorandum to present to potential joint venture partners with recommendations for drilling.
- BHP's release of the nearby Oak Dam drill intersections has generated additional interest with potential Farm-In/Joint Venture partners on Maslins.
Paris Silver Project:
- Groundwater baseline monitoring and site security continued.
- High level peer review of metallurgical testwork by international silver experts undertaken.
- All Project data and information collated - further work on Paris curtailed until the silver price and Project's economics improve.
Cartarpo Copper Cobalt Target:
- Soil sampling program completed with over 300 samples collected.
- Assay results are awaited.
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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