Investigator Resources eyes new IOCG targets on Yorke Peninsula

THE DRILL SERGEANT: Investigator Resources (ASX: IVR) has completed geophysical surveys in the ‘copper triangle’ on the Yorke Peninsula of South Australia, which the company says has upgraded the iron oxide copper gold (IOCG) potential of its 100 per cent-held Roundabout and Spyall prospects.

Investigator has combined an aeromagnetic survey with a recently completed gravity survey, the result of which it considers highlights shallow exploration targets between 50 metres to 200 metres depth approximately 40 kilometres northeast of the historic Moonta mines and about 100km north along a prospective trend extending from the 2008 Hillside copper discovery.

 

Plan of key targets within Investigator’s tenements and relation
to copper deposits and interpreted prospective trends on northern Yorke
Peninsula. Source: Company announcement

 

The company said using the geophysical targeting techniques enables it to better pinpoint targets for cost-effective testing with shallow drilling.

“Geophysical techniques were critical to the successful discovery of IOCG deposits such as Olympic Dam and Carrapateena, which lie beneath deep cover in central South Australia,” Investigator Resources managing director John Anderson said in the company’s announcement to the Australian Securities Exchange.

“The surveys we have undertaken on Yorke Peninsula suggest shallow targets of IOCG character, which could be quickly and cost effectively tested with relatively short drillholes.

“What we like about our 1,000 square kilometres of tenements on the Yorke Peninsula is the under-explored nature of this area – there are very few holes below 50 metres – despite the region’s prolific copper history.

“Investigator is very much focused on advancing its silver, lead and copper targets around the Paris silver project and at Uno/Morgans on the Eyre Peninsula, but we are fortunate to have expanded our portfolio of quality exploration targets by extending our new targeting ideas onto Yorke Peninsula.”

Investigator’s intention is to drill the best targets at Roundabout and Spyall as early as possible in 2014, subject to access agreements in consultation with the local farming community given seasonal cropping activities.

Email: info@investres.com.au

Website: www.investres.com.au