Investigator identifies new silver targets at Peterlumbo
THE DRILL SEARGEANT: Investigator Resources (ASX: IVR) has identified new silver targets in the eastern part of the Peterlumbo Joint Venture tenement (75 per cent IVR).
The targets are situated at distances of 15 kilometres to 30 kilometres east of the Paris silver deposit.
Investigator said it had defined the new targets via first-pass soil sampling that had previously discovered the Paris deposit, which is situated about 400km northwest of Adelaide on South Australia’s Eyre Peninsula.
The company has recently received analyses, which it claims shows high silver-in-soil results for first-pass soil sampling of the eastern part of the Peterlumbo tenement.
These outlined new targets in covered areas, namely; Peterlumbo East, Peterlumbo Northeast and Victory East.
Peterlumbo interpretive target plan showing new silver-in-soil targets in yellow. Source: Company announcement
According to Investigator the new targets have strike lengths of 2km to 5km and anomalous silver-in-soil values up to 415 parts per billion silver.
The company indicated the new targets to be larger in area with similar or higher silver values than what the Paris target signature held at the same stage of its exploration.
“The exciting new silver targets are another very positive result for the Joint Venture’s breakthrough exploration program at Peterlumbo,” Investigator Resources managing director John Anderson said in the company’s announcement to the Australian Securities Exchange.
“The new targets not only show substantial size and silver-in-soil values compared with the initial signature of the Paris discovery, they are also well-located within the geology of the Peterlumbo field to be genuine targets for additional bedrock silver deposits.
“The targets are an excellent addition to the satellite targets already identified and being progressed to drilling nearer to Paris.
“The calibre and proximity to Paris make these new targets a high priority for immediate follow up with infill soil sampling.
“We expect to be able to start drill testing these exceptional targets around the middle of the year after the usual access and regulatory requirements are achieved.”