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Investigator Resources Ltd.
Summary
| Project: | Thurlga | |
|---|---|---|
| Deposit: | Thurlga | |
| Location: | Australia | |
| Commodities: | Graphite | |
| Date: | 7/10/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 10-7-2017: Investigator Resources Ltd. announces an Exploration/Drilling Update report for its Thurlga deposit at the Thurlga project. JV with Andromeda Metals - Drilling results incl. 30m @ 10% TCG from 57m. Investigator Resources Limited (ASX Code: IVR) | |
| Resources: | x | |
| CP/QP: | [Overall Report]: John Anderson (Internal) | |
| ABSTRACT: | Investigator Resources Limited (ASX Code: IVR) undertook a scout drill program in March 2017 of 20 aircore holes totalling 1,076m of drilling with depths between 30m and 90m. The program primarily targeted soil anomalies for silver deposits similar to the Paris silver deposit located about 10km to the east in the adjacent 100% IVR-held tenement. The drilling and assays were completed under the Thurlga Joint Venture with Andromeda Metals Limited (ASX Code: ADN) and achieved the required expenditure for IVR to earn majority equity. Seven of the holes achieved anomalous silver and base metal results at two prospects, Wide and Ironstone South that will be evaluated along with new targeted structures extending from the Paris district. The drilling also demonstrated prospective widths and grades of graphite mineralisation at one end of the 15km long basin-shaped Thurlga Syncline. Historical rotary air blast (“RAB”) drilling by base metals explorer Shell Minerals on approximately 5km spaced traverses within the syncline intersected shallow visual graphite over broad widths. A prior airborne electromagnetic survey by uranium explorer Quasar maps up to 25km of conductive trends interpreted to be graphite-bearing horizons. Investigator Resources Managing Director John Anderson said “Investigator has secured a strategic holding at Thurlga adjacent to our advancing Paris silver project. The initial drill results and new ideas from Paris are elevating the potential for silver targets at Thurlga along covered structures with poor surface signatures. As another example of the under-explored and revitalised geology of the northern Eyre Peninsula, Investigator’s drilling has also unveiled significant graphite potential that will be assessed as a secondary opportunity to the Company’s silver and copper targeting.” Mr Anderson added. | |
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