THE DRILL SERGEANT: Investigator Resources (ASX: IVR) completed three reverse circulation percussion(RCP) holes to test the Trojan Induced Polarisation target within the company’s 100 per cent-owned Peterlumbo tenement in South Australia.
The tenements are five kilometres southeast of Investigator Resources’ 42 million-ounce Paris silver project.
Investigator drilled the three 400m-spaced reverse circulation percussion in mid-February 2018 to test the large Trojan IP target.
The drilling intersected pyritic metasediments without visible copper sulphide.
Investigator said the pyritic metasediment can be interpreted as the southern pyritic halo to Nankivel porphyry system and, as a result, has revised the location of the project’s central copper-prospective zone.
The company is now awaiting assay results to allow it to investigate metal ratio vectors to potential adjacent targets.
For now, Investigator’s focus will continue to advance the Paris silver project with.
Upcoming work to follow a four-hole program of deeper RCP drilling completed last week in the prospective south-eastern Paris extension will consist assessment of an Induced Polarisation survey completed in early February for satellite silver targets with further drilling planned in March at Paris and satellite targets.
“The drilling showed the strongest IP anomaly in the Nankivel porphyry system results from pyrite in network fractures and quartz veining and is interpreted as the outer pyritic zone to the system,” Investigator Resources managing director John Anderson said in the company’s announcement to the Australian Securities Exchange.
“This implies the drilling has overstepped any copper-prospective centre to the system, north of and most likely significantly deeper than the recent drilling.
“Investigator will not undertake any further sole exploration on the Nankivel project.
“A Joint Venture partner will be sought to fund further exploration.
“Investigator will continue to focus on the nearby Paris silver project.
“Following the Trojan program, four holes were also recently completed with the larger RCP drill rig in the south-eastern Paris extension zone.
“Assays are awaited.”