Investigator results promote Paris potential

THE DRILL SERGEANT: Investigator Resources (ASX: IVR) has received results from 15 holes (PPRC330 to PPRC344) the company drilled in December 2014 within its 100 per cent-owned Peterlumbo tenements in South Australia, which include the Paris silver Resource.

The drilling program was carried out to follow-up on shallow copper-gold targets Investigator had identified from previous magnetic modelling and copper-gold intersections encountered at the Helen copper prospect.

The company considers the new assays support an upgraded target model for the Paris-Nankivel mineral system, with one intersection at the Helen prospect returning:

19 metres at 0.58 per cent copper and 21 grams per tonne silver from 176m, including 4m at 1.17 per cent copper, 58g/t silver and 0.33g/t gold from 176m.

Investigator said it has also hit anomalous gold, lead and zinc intersections in scout drilling elsewhere around the Nankivel Intrusive Rim.

“Drilling was undertaken near Paris right up to Christmas, as we continue to expand the copper gold and silver potential and the exploration understanding of the district-scale mineral system,” Investigator Resources managing director John Anderson said in the company’s announcement to the Australian Securities Exchange.

“Following the encouraging copper-gold intersections at Helen from the September 2014 scout drilling program and the subsequent airborne magnetic survey, a number of copper-gold magnetic targets were identified and initial drill testing was done on the accessible targets.”

Anderson said the copper Investigator intersected at Helen this demonstrates the potential of the large 12 kilometre long rim of the Nankivel intrusive complex for skarn-style copper gold silver.

The company has combined the latest assay data with its historical knowledge of the area, from which it has refined its target model for the Paris-Nankivel mineral system.

 

Location of prospects within the Peterlumbo tenement. Source: Company announcement

 

Investigator has now identified three new accessible and high-priority targets at:

Nankivel Central, which it believes has potential for a porphyry/breccia copper-gold deposit;

Helen Southwest copper-gold skarn target on the Nankivel Rim; and

Nankivel West silver gold target.

“These accessible targets will be readied for drill testing in the June quarter after upcoming gravity detailing to further refine the targets,” Anderson said.

“Four other skarn copper gold targets around the Nankivel Rim require heritage surveys and access negotiations.”

Email: info@investres.com.au

Website: www.investres.com.au