THE DRILL SERGEANT: Investigator Resources has received the first assays for a diamond and reverse circulation percussion (RCP) drilling program the company commenced late last year at the Paris silver prospect.
The company said assays for sections of the drilling demonstrate new intersections of high silver grades that continue to upgrade its greenfields silver discovery located on the Eyre Peninsula of South Australia.
Paris prospect – Interpretive Section for Line 7. New intersections by
the recent diamond drill holes are shown in blue labels. Source: Company
Investigator claims the high silver grades confirmed the visual assessments of sulphide intersections the company reported to the market in January.
First assays for all three holes submitted from recent drilling on Paris Line 7 returned results including:
– 4 metres at 1,383 grams per tonne silver from 140 metres;
– 11.6m at 3,847g/t silver from 63.5m, including 1m at 22,500g/t silver from 66m; and
– 7m at 364g/t silver from 71m.
According to Investigator the silver intervals it has encountered on either side of the initial aircore intersection have confirmed the potential for a shallow high-grade silver target in the re-interpreted Northeast Zone of the Paris prospect.
“The assays were delayed beyond our expected timeframe due to the amount of re-assaying needed to get final silver values for our high grade samples,” Investigator Resources managing director John Anderson said in the company’s announcement to the Australian Securities Exchange.
“It was worth the short wait to get the result for our highest grade sample that at 2.25 per cent silver required assaying with a method usually applied to concentrate grade material.
“Our initial diamond drilling on the Line 7 section has been a great success with the first assays enhancing the potential for the large Paris prospect to produce coherent zones of high grade silver.
“The spectacular silver grades achieved by the new drilling so far have surmounted those of the widespread intersections by the prior aircore drilling.
“The Paris prospect continues to advance with each exploration step, a good indication at this early stage of drilling that the prospect has the potential to develop into a high quality silver deposit.”