Investigator Resources updates drilling at Paris

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THE DRILL SERGEANT: Investigator Resources (ASX: IVR) has received further drilling results from the company’s Paris silver project.

Investigator said the latest drilling had continued to improve its confidence in understanding the structural controls and geometries of the higher grade silver mineralisation in the central area (Lines 5, 6, 7, 8 & 9) of the deposit.

The company has a maiden mineral resource estimate expected in the September quarter of 2013.

The best intersections from the drilling include:

Hole PPDH063:

–     3.75m at 100 grams per tonne silver, 2.66 per cent lead and 0.42 per cent zinc from 66 metres;

–     1m at 329g/t silver, 1.77 per cent lead and 0.13 per cent zinc from 81m; and

–     3m at 184g/t silver, 0.16 per cent lead and 0.07 per cent zinc from 83m.

Hole PPDH064:

–     18.2m at 68g/t silver, 0.05 per cent lead and 0 per cent zinc from 7.8m;

–    6m at 112g/t silver, 0.77 per cent lead and 0.02 per cent zinc from 37m;

–     4.2m at 181g/t silver, 0.08 per cent lead and 0.11 per cent zinc from 72.8m; and

–    2m at 496g/t silver, 0.37 per cent lead and 0.12 per cent zinc from 78m.

Hole PPDH065:

–    10.7m at 1.88 per cent lead and 0.79 per cent zinc from 77m; and
 
–    7m at 1,570g/t silver from 79m.

Hole PPDH066 (There was no significant lead or zinc associated with the silver intersections):

–     4.4m at 252g/t silver from 35m; and

–    2m at 566g/t silver from 113m.

 

Drilling update plan, Paris Silver project. Source: Company announcement

 

“We now have three diamond drill rigs operating on double shift to conduct the in-fill drilling program,” Investigator Resources managing director John Anderson said in the company’s announcement to the Australian Securities Exchange.

“Two diamond drill rigs replaced the reverse-circulation percussion drill rig to improve drill sample recovery and to achieve our timetable for a maiden Inferred Mineral Resource in the September quarter of 2013.

“Investigator is also planning to undertake initial drill testing of three large satellite targets around Paris during the September quarter.

“These have strong silver and copper potential that will be evaluated in parallel with Paris to assess priorities for the wider Peterlumbo field.”