Investigator progresses Paris silver project

THE DRILL SERGEANT: Investigator Resources (ASX: IVR) has received results of silver intersections from 18 new assayed holes from the company’s Paris silver project in South Australia.

Investigator claims the results have firmed up the Western Sheet target and extend the Northeast Zone at the project.

The company achieved intersections of 12.15 metres at 1,269 grams per tonne silver from 45.4 metres and 1.2 metres at 896 grams per tonne silver from 200.5 metres down inclined holes.

These have respectively extended the upper and downdip Western Sheet on Line 7.

 

Line 7 cross section. Source: Company announcement

 

Investigator is now awaiting other downdip drilling results from the Western Sheet north of Line 7.

The margins of the Northeast Zone were extended by shallow intersections of:

–    5m at 372g/t silver from 89m;

–    2m at 548g/t silver from 40m (to bottom of precollar with cored extension of the mineralisation yet to be assayed);

–    2.22m at 157g/t silver from 52m; and

–    8.6m at 94g/t silver from 44.3m.

Investigator indicated it is achieving much better drill recoveries after earlier concerns about cavities in the Paris mineralisation have been proven incorrect.

Redrills of prior high-grade intersections have achieved comparable results, which the company consider to have added confidence to the previous drill results.

The new holes intersected:

–    12.1m at 1,766g/t silver from 64.0m in the Northeast Zone; and

–    2.8m at 1,643g/t silver from 48.7m and 8.7m at 267g/t silver from 52.6m in a new hole into the Southeast Zone.

“Investigator looks forward to moving the Paris silver prospect to a resource estimation and to developing numerous other silver and copper targets in the Peterlumbo field during 2013,” Investigator Resources managing director John Anderson said in the company’s announcement to the Australian Securities Exchange.