Investigator Resources Demonstrates Copper-Gold Potential of Nankivel
THE DRILL SERGEANT: Investigator Resources (ASX: IVR) informed the market of four widely-spaced diamond drill holes carried out on the Nankivel prospect intersected the prospective core of a large multi-phase porphyry mineral system.
Investigator Resources interpreted the drilling results to show the potential for copper and gold discoveries has been greatly enhanced.
The newly interpreted porphyry core has a diameter of at least 800 metres under less than 20m of cover and is located four kilometres southeast of the 42 million ounce Paris silver project.
Both prospects are within the company’s 100 per cent-held Peterlumbo tenement on the northern Eyre Peninsula of South Australia.
Investigator explained the four inclined holes were drilled over the past month into IP chargeability targets to follow-up 2016 scout drilling that intersected the interpreted rim of a porphyry system, which the company has predicted to be a new deposit style in SA.
“With coarse first-pass drilling mostly on a 400 metre spacing, Investigator Resources has established beyond any doubt the presence of a large, very prospective copper-mineralised porphyry system,” Investigator Resources managing director John Anderson said in the company’s announcement to he Australian Securities Exchange.
“We consider Nankivel is the same age as Olympic Dam, making it one of the oldest geologically in the world with potential for world-class copper discoveries.
“The discovery of an economic copper-gold porphyry at Nankivel or nearer to Paris would be transformational for Investigator.
“Major companies are scouring the world for such opportunities, mostly at depth near known deposits in established porphyry belts around the Pacific.
“At Paris-Nankivel, Investigator has targets starting just below the surface in a new epithermal-porphyry province associated with the Olympic Dam mineralising mega-event, with the bonus of being in an OECD country.”
Email: info@investres.com.au
Website: www.investres.com.au