Investigator Resources prepares for Paris Resource calculation

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THE DRILL SERGEANT: Investigator Resources (ASX: IVR) has received the final assays for a recently-completed round of drilling at the company’s Paris silver project.

The latest assays are for the remaining 41 diamond and 8 reverse circulation (RC) holes of the completed drilling.

Results include:

Western Zone

8 metres at 2,703 grams per tonne silver from 48 metres downhole depth including 1.2 metres at 1.7 per cent silver from 52.5 metres;

29.4m at 251g/t silver from 58m, including 1.1m at 3,840g/t silver from 82.9m;

4.5m at 594g/t silver from 52.7m;

Northeastern Zone

12m at 241g/t silver from 47m;

Southeastern Zone

5.9m at 222g/t silver from 95.3m and 8.7m at 257g/t silver from 102.4m;

42.2m at 123g/t silver from 8m;

35.65m at 118g/t silver from 12m;

25.5m at 191g/t silver from 86m;

 

Drilling update plan showing new reported holes only and interpreted targeting elements. Source: Company announcement

Investigator said the results would be incorporated into the project’s pending maiden Inferred Resource estimate.

 “Work on the resource estimate is nearing completion,” Investigator Resources managing director John Anderson said in the company’s announcement to the Australian Securities Exchange.

“We have now delineated a mineralised area at Paris of at least 1,100 metres by about 400 metres.

“The exciting volcanic crater and breccia geology is new in South Australia and has the potential for internal expansions and along strike extensions that will not be included in the first instance within the maiden resource.

“The pleasing aspects of this latest drilling are continuing high-grade silver intersections and the shallow nature of the deposit.

“The style of mineralisation – breccias, clays, sulphides so near to surface – does suggest the potential for a low cost, free dig open-pit mining method to be considered in future studies.”