Investigator Resources Builds on Innovative South Australian Portfolio

THE INSIDE STORY: Investigator Resources (ASX: IVR) is developing a string of projects encompassing silver and copper-gold exploration in South Australia.

Investigator’s major project is the 100 per cent-owned Paris silver project located on northern Eyre Peninsula within the southern Gawler Craton.

Investigator discovered the epithermal breccia style Paris deposit in 2011, and has since established a JORC2012-compliant Inferred Mineral Resource of 8.8 million tonnes at 116 grams per tonne silver at a 50g/t silver lower cutoff, containing 33 million ounces of silver.

“As an open-pittable proposition, Paris offers one of the country’s best pure silver plays with an established overseas style and higher silver grade than the few other contenders,” Investigator Resources managing director John Anderson told The Resources Roadhouse.

Investigator maintained a reasonably low-profile during the recent downturn, while also maintaining its strong geological team and considerable in-house datasets, from which it has built innovative targeting ideas and the Paris Resource.

The company recently refreshed at Board level with the appointment of well-respected geologist and former Junior Mining portfolio manager David Ransom as non-executive chairman.

“Our outgoing chairman Roger Marshall OBE left the company in great shape,” Anderson said.

“The appointment of Dr David Ransom is an excellent replacement that will add a lot to the corporate strength of the company.

“He is well known and highly regarded in the fund management industry and we look forward to working under his guidance in developing the company’s successful strategy.”

A $5.4 million fund raising in mid-2016 positioned the company to launch into an accelerated exploration program with 6,510m of infill drilling at the Paris silver project.

This program continued the company’s earlier success at Paris to achieve impressive high-grade silver intersections within broad intervals at depths between 10m and 120m beneath the surface.

The drilling encountered widespread high-grade and broad silver intersections that will very likely support a Resource upgrade, which is anticipated for release during the first quarter of 2017.

Best intersections included:

PPRC416
52 metres at 468 grams per tonne silver from 10m; and

PPRC368
10m at 2,708g/t silver from 118m.

“These very positive results are advancing the goals of upgrading the silver resource and undertaking pre-feasibility studies on the Paris silver project in mid-2017,” Anderson said.

Investigator claims the Paris silver deposit to be a new member of the Olympic Dam mega-event, considering its discovery to have opened flow-on discovery opportunities, contrary to established geological dogma, for a spectrum of OD-aged deposits.

Investigator has taken full advantage of its first-mover status in the region to target a new generation of large copper-gold deposits with the potential to elevate it into the next tier of mining companies.

In 2016, the first effective hole at the Nankivel porphyry copper-gold target near Paris intersected intrusives and alteration typical of the margin of a large porphyry system.

Magnetics delineated a 2km by 3km target area adjacent to the hole.

A large Induced Polarisation (IP) geophysical survey was recently undertaken to better define copper-gold targets within the system, results of which are awaited with drilling allocated for immediate testing for another new deposit style for SA.

Investigator broadened its horizons to revitalise IOCG exploration of the Olympic Dam belt by securing the large Maslins IOCG gravity target in 2016 in response to results of the national AusLamp magneto-telluric (MT) survey program in South Australia.

“The government MT survey is interpreted to have remapped the metallogenic corridor underneath the Olympic Dam belt and highlighted the untested Maslins target within the revised southern extensions,” Anderson explained.

“Many companies are watching for similar step-change results from the AusLamp MT survey as it progresses across the country.”

Investigator’s additional recognition of new targeting vectors from adjacent old drilling has further supported the Maslins IOCG target.

The company believes Maslins has potential to fill the belt’s gap in deposit sizes between Olympic Dam and the smaller IOCG deposits such as Carrapateena.

Access approvals are proceeding towards drill testing the Maslins IOCG target by mid-2017.

With around $4 million in the bank, Investigator is well-positioned to advance its innovative concepts and opportunities, including one of Australia’s best pure silver plays, in a premier mineral province.

The company’s active program will create a stream of fresh news during 2017.

Investigator Resources Limited (ASX: IVR)
…The Short Story

HEAD OFFICE
18 King Street
Norwood SA 5067

Ph: +61 8 7325 2222

Email: info@investres.com.au
Web: www.investres.com.au

DIRECTORS
David Ransom, John Anderson, Bruce Foy, David Jones