Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Investigator Resources Finds Extensions To Silver Mineralisation At Paris Prospect

Investigator Resources' (ASX: IVR) exploration success continues at the greenfields Paris silver discovery with the company delivering first assays from the June reverse circulation percussion program.

Paris has the potential to be a shallow, high-grade and large silver deposit, and is within the large Peterlumbo silver gold epithermal field.

Highlights from the North East Zone include; 3 metres at 149 grams per tonne (g/t) silver from 142 metres, and 13 metres at 58g/t silver from 81 metres.

Over at the North West Zone discoveries include; 1 metre at 161g/t silver from 57 metres, and 15 metres at 80g/t silver from 57 metres.

New silver intersections extend North East and North West silver zones.

The company said, "as expected for the margins of the target, the new intersections are modest but show extensions to the silver mineralisation of potentially economic grades at shallow depths."

Most of the new intersections are interpreted to be extensions to the shallow flat-lying silver mineralisation that offers the bulk of the resource potential at Paris.

The importance of these new silver intersections is that the extend North East and North West silver zones. So far results for the first 12 of 21 holes have been received. Highlighting the high grade nature of Paris, all but one of the first holes returned intersections above 30g/t silver, with some holes providing multiple intervals of silver.

The lower tenor intersections at the margins of the Paris target demonstrate the effectiveness of the original soil target in mapping the extent of the silver mineralisation.

Drilling continues at speed, new results on the horizon

Drilling has continued into the September quarter with two rigs infilling areas around high grade intersections which will include around 8000 metres, with the company targeting sufficient data for a resource estimate later in the year.

The company has also scheduled further quantitative mineralogy and metallurgical testing, including a Flora-Fauna study.

Proactive Investors is a market leader in the investment news space, providing ASX "Small and Mid-cap" company news, research reports, StockTube videos and One2One Investor Forums.