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Investigator Resources Ltd.
Summary
| Project: | Peterlumbo | |
|---|---|---|
| Deposit: | Paris | |
| Location: | Australia | |
| Commodities: | Silver-Lead-Zinc-Lead-Gold-Copper | |
| Date: | 4/26/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 26-4-2018: Investigator Resources Ltd. announces an Exploration/Drilling Update report for its Paris deposit at the Peterlumbo project. Drilling results incl. 16m @ 168.6g/t Ag from 83m. Investigator Resources (ASX Code: IVR) is pleased to announce all th | |
| Resources: | Resource: 9.3Mt @ 139g/t Ag and 0.6% Pb with 42Moz of silver and 55kt of lead contained (Ind+Inf) | |
| CP/QP: | [Overall Report]: John Anderson (Internal) | |
| ABSTRACT: | Investigator Resources (ASX Code: IVR) is pleased to announce all the assays are now received and compiled for the Paris extension drilling undertaken in December 2017 and February 2018. Compared with the earlier assays on three metre downhole intervals for the December 2017 drilling, the narrower intervals but improved silver grades in some holes for one metre resampling are encouraging for the presence of higher grade zones at the less-drilled northern and southern ends of the Paris silver deposit (Figure 1). The drill results for the new South East Extension are interpreted to show geometry, plus metal grades and associations that indicate the limits of the silver deposit are reached in that area (Figures 1 & 2). The extension is likely to add modest silver ounces to the resource. However, the metal zonation may offer new lateral and deeper target potential around the Paris mineral system. This new potential will be investigated in parallel with the Induced Polarisation (“IP”) delineation of satellite silver targets and the on-going metallurgical and geotechnical work on the Paris Silver Project. As previously reported (IVR ASX Announcement: 29 January 2018), the first phase of extension drilling, aimed at building on the 42Moz silver Mineral Resource estimate at the Paris Silver Project, was undertaken with a small RCP drill rig in December 2017. The December program completed 25 vertical reverse circulation percussion (‘RCP’) holes primarily at the under-drilled northern and southern ends of the Paris deposit with an average depth of 108m (minimum 60m and maximum 153m). Two holes drilled into the interpreted South East Extension encouragingly intersected the top of prospective breccias, but the small rig did not have the capacity to penetrate the strong clay alteration typical of the Paris silver mineralisation. | |
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