Investigator investigates lead-silver system east of Paris

THE DRILL SERGEANT: Investigator Resources (ASX: IVR) has received positive scout drilling and assay results from the Ajax prospect, located within the company’s 100 per cent-held Peterlumbo tenement and 35 kilometres east of the Paris silver project.

Investigator said the Ajax prospect is considered to be the western extension of the Menninnie Dam, Weednanna and Frakes cluster of lead, zinc, silver and gold deposits on adjoining tenements held by other companies.

 

The Ajax scout drilling undertaken in September was carried out to investigate prospective outcrops and soil anomalies that delineate multiple targets.

Twenty-nine slimline reverse-circulation percussion holes were drilled to an average depth of 75 metres to test a variety of target scenarios.

According to Investigator, nearly half the holes intersected anomalous lead or silver with the drilling highlighting a central 2.5km by 1km area with a concentration of anomalous lead assays, alteration mineralogy and breccia geology similar to the upper levels of the Paris system.

The best assays returned included:

3 metres at 31grams per tonne silver from 24m; and

18m at 1.22 per cent lead from 42m.

Investigator concluded the scout drill results warrant infill and deeper drilling at Ajax, which will be preceded by a planned airborne magnetic survey to better position further holes on prospective structures.

“The new assay results support the potential for another silver-lead system underneath the shallow first pass drilling at Ajax, which is situated only 35 kilometres east of the Paris silver deposit,” Investigator Resources managing director John Anderson said in the company’s announcement to the Australian Securities Exchange.

“The airborne geophysical survey will enable more focussed drilling to follow-up the large target opportunity.”

The company explained the Ajax results are part of a wider scout drill campaign recently completed on Eyre Peninsula.

Assays are awaited for 45 per cent of the drill samples primarily from the Paris North, Argos, Diomedes and Helen silver, lead and copper targets closer to the Paris deposit.

 

 

Email: info@investres.com.au

Website: www.investres.com.au

Plan of Investigator Resources’ tenements showing key target areas. Source: Company announcement