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Investigator Resources Ltd.
Summary
| Project: | Peterlumbo | |
|---|---|---|
| Deposit: | Paris | |
| Location: | Australia | |
| Commodities: | Silver | |
| Date: | 1/18/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 18-1-2017: Investigator Resources Ltd. announces an Exploration/Drilling Update report for its Paris deposit at the Peterlumbo project. Drilling results incl. 10m @ 2707.6g/t Ag from 118.0m. Investigator Resources Managing Director, John Anderson commente | |
| Resources: | (Resource, Inf.): 8.8Mt @ 116g/t Ag for 33Moz Ag contained (50g/gt Ag cut-off) | |
| CP/QP: | [Overall Report]: John Anderson (Internal) | |
| ABSTRACT: | Investigator Resources Managing Director, John Anderson commented, “The strong results of the infill drilling add confidence in the range and extent of high silver grades for the Paris project. The closer-spaced drilling is also encouragingly supporting our understanding of the geological framework, geometry and scope of the silver mineralisation. We look forward to incorporating the new results into the forthcoming re-estimate of the silver resource at Paris ahead of scoping studies later in the year.” An infill drill program was undertaken in late 2016 on the selected central area of the shallow Paris silver Mineral Resource (Figure 1) held 100% by Investigator Resources. The objectives of this infill drilling program were to verify the prior geological model and determine the extent of the grade continuity in the previous scattered high-grade silver intersections within the central area of the resource. The ultimate aims are to upgrade the Mineral Resource estimate to Indicated status to enable project studies to proceed. The Paris Inferred Mineral Resource (JORC 2012) was revised in late 2015 to 8.8 million tonnes at 116g/t silver for 33 million ounces of contained silver (at a 50g/t silver cutoff). Infill drilling was completed in late November 2016 within a 375m by 200m central area between Lines 6 and 8. This area of infill drilling represents about 20% of the resource area (see Figure 1). | |
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