Investigator Resources identifies new Eyre Peninsula targets

THE DRILL SERGEANT: Investigator Resources (ASX: IVR) has defined new silver targets near the company’s Paris silver prospect, located on the Eyre Peninsula, South Australia.

The most encouraging of these is described by the company as ‘The large Alexander target’ (2.5km x 400m).

Investigator consider Alexander to be a likely offset extension of the nearby Paris silver prospect, which is currently being drilled for inclusion of a pending resource estimation.

The Alexander target is situated two kilometres west of the Paris silver prospect and is about three times larger in area than the same signature for Paris.

According to Investigator it has a similar shape, northwest orientation and silver-in-soil levels as the Paris soil target as well as possessing strong support from other anomalous metals giving it potential to be a genuine bedrock target.

The company has also identified the Helen East target, which it explained to be an extension of the Helen prospect where scout drilling intersected silver and lead mineralisation early in 2012.

The Paris silver prospect and the new silver targets are within the Peterlumbo Joint Venture tenement (75 per cent Investigator).

Geological framework and target plan, Peterlumbo field showing the
locations of the new targets at Alexander and Helen East. Source:
Company announcement

 

“Investigator’s soil sampling approach continues to produce outstanding new silver targets across the Eyre Peninsula,” Investigator Resources managing director John Anderson said in the company’s announcement to the Australian Securities Exchange.

“These are building on the initial Paris silver discovery in 2011.

“The new Alexander target is an excellent addition adjacent to Paris and joins the recent Hector target as showing potential to be larger silver targets than Paris.

“These are prioritised as our ‘Paris-Plus’ targets.

“The new results are extremely pleasing for our team as these indicate Investigator’s real potential to capitalise and expand on our early successes.

“We look forward to drilling the new targets at the first opportunity later in 2013.”