www.investres.com.au
Investigator Resources (ASX: IVR) is exploring for iron oxide, copper, gold and uranium deposits in the southern Gawler Craton of South Australia. The majority of the company's 7,000 square kilometres of tenure is in South Australia, with tenements also in Queensland and the Northern Territory.
One of the company's key projects is the Paris silver discovery and other silver targets within the large newly recognised Peterlumbo epithermal field on north Eyre Peninsula.
Investigator Resources hits significant mineralisation at Peterlumbo, shares soar 21%
Investigator Resources (ASX: IVR) first assays from scout drilling at Peterlumbo identify that the project has some potential, with an intersection of; 20 metres at 84ppm (parts per million) silver, including 6 metres at 220ppm silver.
Complete assays are anticipated but are still pending for the holes 200 metres and 400 metres further along the prospective trend.
Investigator said many other widely spaced holes over the 15 square kilometre area are anomalous in silver, gold, zinc, lead, copper or uranium, and show another mineralised trend at least 5 kilometres long.
John Anderson, managing director, has welcomed these initial results, and said, “The results show we are 'first comers' to a large and genuine epithermal field.
"With exploration just commencing, Investigator Resources considers there is abundant opportunity to locate optimum structural settings for potential high-grade silver and gold deposits.”
The market has applauded the result, with Investigator shares up 21% to $0.115 in intra-day trading.
