Contributor Since 2009
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.