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  • Investigator Resources Intersects Shallow Silver At Alexander Prospect 0 comments
    Sep 13, 2013 1:32 AM

    Investigator Resources (ASX: IVR) has intersected shallow low level silver mineralisation at its Alexander prospect near its Paris Silver Project in South Australia.

    A broad anomalous silver interval was intersected in the first completed diamond hole with up to 20.6 grams per tonne silver while assays have also been received for 46 of the 66 aircore holes.

    While the assay at the diamond hole is less than the lower 30g/t silver cut-off used at Paris, the results confirm a mineralised Paris-style volcanic package under the Alexander soil target.

    "Drilling at Alexander to the west has encountered lower silver grades than compared with Paris at the same exploration stage and shows Alexander is unlikely to be a shallow repetition of Paris," managing director John Anderson said.

    "However, the Alexander assay results are encouraging for the consistent target model and approach being applied to the new and largely untested Peterlumbo field.

    "We await further assays for Alexander, and for other priority target areas such as at Alexander East and the large Hector target area on which we are currently completing the first pass aircore drilling."

    Further drill assays are being awaited for the nearby Alexander East and Hector silver prospects across the extensive Peterlumbo field.

    A maiden Resource is also due for Paris within a few weeks.

    Drilling

    A stratigraphic diamond drillhole AWDH003 (first attempted holes AWDH001 and 002 were abandoned) was commenced at Alexander in early August 2013 and drilled to a total depth of 135.6 metres.

    This returned anomalous silver values between 42 metres and 99 metres downhole depth though the best assay of 20.6g/t silver is less than the lower cutoff of 30g/t silver being used to select mineralised intersections at Paris.

    Pattern drilling at Alexander with the vertical aircore holes, generally between 50 metres and 80 metres depth, highlighted a broad area of weakly anomalous silver at shallow depth near the centre of the silver-in-soil target.

    Assay results are awaited for substantial aircore drilling in the wider Peterlumbo field with scout drilling completed at Alexander East between Alexander and Paris and on-going drilling at the large Hector target area, about 15 kilometres east of the Paris silver discovery.

    In addition, 146 diamond drill holes have been completed at the Paris silver prospect, with the maiden mineral resource due soon. Paris and the other satellite targets are within the 583 square kilometre Peterlumbo joint venture tenement that is 75% held and managed by Investigator.

    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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