Investigator Resources drilling program to follow up top notch silver assays at Paris prospect

Nov. 20, 2011 9:08 PM ET
Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Short Only

Contributor Since 2009

Proactiveinvestors is a leading multi-media news organisation, investor portal and events management business with offices in New York, Sydney, Toronto, Frankfurt and London. Proactiveinvestors operates five financial websites in four languages providing breaking news, comment and analysis on hundreds of listed companies across the globe daily. We are one of the fastest growing financial media portals in the world. The group also operates hugely successful “investor forums” where three or four companies present to an audience of high net sophisticated investors, fund managers, hedge funds, private client brokers and analysts. Ian Mclelland founded Proactiveinvestors in 2006 as a way to channel his own views on companies small and mid-cap public companies. What started as a hobby quickly turned into a full time job as the website's readership exploded. One2One forums were added later in 2006, and within two years the company had expanded its operations into Canada and Australia. In 2009 the company expanded into Germany and finally into the US in 2010. Proactiveinvestors is now one of the fastest growing global financial media organizations in the world receiving more than one million visitors per month, with investor forums held across the globe on a regular basis.

Investigator Resources (ASX: IVR) will begin the next phase of drilling at the Paris prospect on South Australia’s Eyre Peninsula this week, with five diamond holes to be drilled before Christmas.

This program will focus on verifying the geometry and potential vectors of the high grade silver mineralisation intersected to date, including following up on previous intersections.

Previous silver assays at Paris include:

- 4 metres at 1,052 grams per tonne (g/t) silver from 72 metres, including 1 metre at 2,080g/t silver;
- 3 metres at 422g/t silver from 90 metres; and
- 6 metres at 749g/t silver from 36 metres, including 1 metre at 3,970g/t silver.

Recent drilling also confirmed lead grades, with results including:

- 12 metres at 138g/t silver and 10% lead from 33 metres; and
- 6 metres at 277g/t silver and 4.3% lead from 42 metres.

Investigator managing director John Andersen said at the company’s Annual General Meeting today that the Paris prospect has potential to be a large, high grade silver system.

“The remarkable greenfields discovery at the Paris prospect has the potential to be a large, shallow and high grade silver system at this time of strong silver prices,” Andersen said.

“Prospective extensions are interpreted to remain untested beyond and beneath the one kilometre by 400 metres area drilled thus far. The early indications are encouraging that Paris has the potential to produce competitive deposits with high silver grades that may bear the price volatility that silver shows.

Investigator has 150 kilometres of tenement holdings across the Eyre Peninsula, with multiple silver-in-soil targets identified within 5 kilometres of the Paris discovery.

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.