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Investigator Resources Is A Stock On The Move

Investigator Resources (ASX: IVR) has been a strong performer in recent months - despite the difficult markets - with the stock doubling in price since May.

Investigator closed at $0.20 yesterday, which was around a 20% gain on last week when the shares were changing hand at around the $0.16 level, following the discovery of a silver target at its flagship Paris project on the Eyre Peninsula.

The new target known as Hector, is larger than Paris based on peak silver-in-soil values - and a larger geochemical signature.

Silver-in-soil values at Hector are of similar tenor to the initial Paris target signature with peak value at Hector standing at 2,065 parts per billion silver.

This is the highest value achieved via soil sampling across the Eyre Penninsula, with the earlier one at Paris coming in at 1,629 ppb silver.

Paris is currently being drilled towards a maiden silver resource, but Hector appears to be more promising that Paris, based on the infill soil geochemical program confirming the potential.

The Hector target area, 15 kilometres east of Paris, is interpreted to be at least 5 kilometres by 7 kilometres in area compared with the 1.2 kilometres by 400 metre size of the Paris geochemical signature.

Well-funded

Cashed up Investigator had $12.5 million in the bank at the end of March 2013.

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