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: Paris silver prospect reveals potential early on
Investigator Resources (ASX: IVR) continues to intersect strong visible silver mineralisation around a previously drilled aircore hole that finished in 4 metres at 1,052 grams per tonne (g/t) silver within the Paris silver prospect on the Eyre Peninsula.
Five diamond drill holes and six reverse circulation percussion (RCP) drill holes have been completed on Line 7, confirming the potential for extensive, shallow and high grade silver mineralisation within the large Paris prospect.
The new visual intersections of 7 to 10 metres downhole thickness indicate a high grade silver zone of at least 80 metres width across section.
The prior aircore intersection of 4 metres at 1,052g/t silver to the bottom of the hole has been potentially extended by a 19 metre intersection of visible mineralisation in one hole that twinned and drilled deeper than the earlier aircore hole.
Managing Director John Anderson said the large Paris silver prospect continues to produce early and very positive drill results with considerable upside potential.
“On seeing the new sulphide intersections on Line 7, Investigator decided to move the RCP rig immediately onto an extensive program of drilling the highly prospective strike extensions,” he said.
“We were confident to do this ahead of receiving the first assays that are expected very soon.”
Elsewhere, multiple intersections of lower tenor sulphide mineralisation are interpreted to be of flat-lying sheets of more moderate but still highly prospective mineralisation extending away from the high grade zone and across at least 400 metres of the Line 7 cross section.
Prior work has shown native silver is hosted in pyrite (iron sulphide) where closely associated with lead and zinc sulphides.
The presence of these sulphides is considered a good indicator of silver mineralisation prior to assaying.
The new reverse circulation percussion drilling will extend testing to Lines 8 and 9 then onto previously undrilled Lines 10 and 11 as far as 400 metres north of Line 7.
Drilling on Lines 1 to 6 will test the prospect as far as 600 metres south of Line 7. The drilling will focus on the initial high grade target indicated by prior aircore holes to extend north and possibly south of the strong intersections on Line 7.
The Paris prospect is the most advanced of five priority targets within the Peterlumbo epithermal field, located about 400 kilometres northwest of Adelaide.
The 583 square kilometre tenement area is subject to the Peterlumbo Joint Venture between Investigator Resources (75% interest and manager) and Mega Hindmarsh (25% interest).
