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Investigator Resources Ltd.
Summary
| Project: | Peterlumbo | |
|---|---|---|
| Deposit: | Paris | |
| Location: | Australia | |
| Commodities: | Silver-Lead-Zinc-Lead-Gold-Copper | |
| Date: | 7/27/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 27-7-2017: Investigator Resources Ltd. announces an Exploration/Drilling Update report for its Paris deposit at the Peterlumbo project. Drilling results incl. 9m @ 3427ppm Zn from 54.0m. Investigator Resources Limited (ASX Code: IVR) is pleased to announc | |
| Resources: | (Resource, I+I): 9.3Mt @ 139g/t Ag, 0.6% Pb for 42Moz Ag and 55kt Pb contained at Paris | |
| CP/QP: | [Overall Report]: John Anderson (Internal) | |
| ABSTRACT: | Investigator Resources Limited (ASX Code: IVR) is pleased to announce the drilling and assay results for the 2017 diamond and RCP drilling at the Nankivel porphyry prospect 4km southeast of the Paris silver project. Four inclined diamond holes were drilled in April to a maximum 520m depth, then 20 largely inclined RCP holes were drilled to an average 117m depth in June. The diamond drilling intersected strong argillic, phyllic and pyritic alteration that warranted immediate follow-up with RCP drilling to map the lateral extensions based on a preliminary target model. Careful analysis of both the diamond and RCP drilling assisted with petrology and multi-element pathfinder geochemistry under consultant advice has positively modified the target model from the preliminary high-level epithermal setting previously interpreted (IVR ASX announcement 26th April 2017) to a shallow undrilled porphyry target extending from the advanced argillic breccia outcrop on Nankivel Hill about 2km to the southwest. The drill results have focussed targeting on a large Induced Polarisation (IP) chargeability anomaly delineated by the late 2016 survey on 400m spaced lines (IVR ASX announcement 15th March 2017). The upgraded potential warrants renegotiation of current heritage restrictions to the revised target area. | |
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