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Investigator Resources Ltd.
Summary
| Project: | Peterlumbo | |
|---|---|---|
| Deposit: | Paris | |
| Location: | Australia | |
| Commodities: | Silver-Lead | |
| Date: | 4/19/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 19-4-2017: Investigator Resources Ltd. announces a Resource Estimation report for its Paris deposit at the Peterlumbo project. 26% increase in upgraded mineral resource estimate at Paris. Investigator Resources Limited (ASX Code: IVR) announces the upgrad | |
| Resources: | (Resource, I+I): 9.3Mt @ 139g/t Ag, 0.6% Pb for 42Moz Ag and 55kt Pb contained at Paris | |
| CP/QP: | [Resources]: Simon Tear (H&S Consultants Pty Ltd.) | |
| ABSTRACT: | Investigator Resources Limited (ASX Code: IVR) announces the upgrade of the Paris Silver Project Mineral Resource Estimates following the infill drilling program undertaken late last year. The Paris Silver Project is located within the Company’s 100% held Peterlumbo tenement on the northern Eyre Peninsula of South Australia. Investigator Managing Director, Mr John Anderson said “Investigator is pleased to report the upgraded results of the Mineral Resource for the Paris Silver Project. The high grade and additional ounces confirm Paris as possibly the best undeveloped silver deposit in Australia. The increased confidence in the resource enables Investigator to continue with prefeasibility studies including mine design, local water supply and metallurgical extraction. The objective is to develop Paris as a high-grade open-pit mining project. The prefeasibility study is scheduled for completion in the third quarter of 2017.” “The upgraded Paris resource technically underpins the search for much larger copper-gold porphyry deposits at the adjacent Nankivel Prospect where a drilling program is currently in progress,” Mr Anderson added. The 2017 Paris Mineral Resource estimate compares with the 2015 Paris Inferred Resource of 8.8Mt @ 116g/t silver, containing 33Moz, also at a 50g/t silver cut-off (Investigator ASX release: 9 November 2015). The 2017 resource estimates represent a 5% increase in tonnage, 20% increase in silver grade and 26% increase in contained silver metal. The increases have largely developed in the area of infill drilling (“Infill Area”) undertaken late in 2016. The lead content was estimated in the initial 2013 Inferred Mineral Resource (Investigator ASX release: 15 October 2013) at 5.6Mt @ 0.6% lead for 38kt of contained lead (at a 30g/t silver cut-off). The lead content was not considered in the 2015 Mineral Resource Estimates. | |
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