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  • Investigator Resources Identifies Two New Silver Targets In South Australia 0 comments
    Mar 5, 2013 7:42 PM

    Investigator Resources (ASX: IVR) has delineated new high priority silver targets from first pass soil sampling of the Uno/Morgans tenements on the Eyre Peninsula, South Australia.

    The Morgans South and Wartaka South targets were identified using the same regional soil geochemical approach that discovered the Paris silver deposit located 85 kilometres to the east and 70 kilometres northwest of Kimba.

    Contiguous samples of more than 200ppb silver were returned over about 2 kilometres strike for both targets, which are located in the same geological setting that is prospective for epithermal precious metal deposits and conceptual porphyry-style copper targets of Olympic Dam age.

    "The new silver targets are an exciting addition to Investigator's strong portfolio of targets across the Eyre and Yorke Peninsulas. These show our intent to capitalise on the advantages Investigator has developed with our successful exploration models and soil geochemical approach," managing director John Anderson said.

    "We will advance the new Morgans South and Wartaka South targets as quickly as possible while our highest priorities remain to continue drilling Paris towards a resource estimate and to initiate drill testing of the Peterlumbo satellite targets around Paris."

    Uno and Morgans

    The Uno and Morgans tenement group covers a total area of 548 square kilometres and is wholly-owned by Investigator.

    The area was selected for its prospective position for epithermal precious metal deposits along the east-west Uno Fault and the presence of silver lead and zinc prospects partially drilled by past explorers.

    Investigator held $13.2 million in cash as of 31 December 2012, or about $0.039 per share compared to its share price of $0.10.

    Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX "Small and Mid-cap" stocks with distribution in Australia, UK, North America and Hong Kong / China.

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