- Investigator Resources (IVR) strikes “broad” silver and lead mineralisation from reverse circulation (RC) drilling work at its Paris South prospect in South Australia
- From the 37-hole RC program, the company struck up to 1030 grams per tonne (g/t) silver and 2.27 per cent lead from the Line -1.0 area
- IVR is still awaiting assay results for 24 holes completed as part of this program, and these are expected in mid-April
- The company is now working towards the delivery of a definitive feasibility study for the Paris Silver project, which is home to Paris South
- IVR shares are up 2.78 per cent and trading at 3.7 cents at 3:24 pm AEDT
Investigator Resources (IVR) has struck “broad” silver and lead mineralisation from reverse circulation (RC) drilling work at its Paris South prospect in South Australia.
The company has completed a 37-hole RC program at the prospect, which is part of its Paris Silver project, with “significant” results reported from the Line -1.0 area.
Some of the new results include 130 grams per tonne (g/t) silver over 17 metres, 166 g/t silver over 13 metres and 1030 g/t silver over one metre all from around a depth of around 175 metres.
The company also struck a 62-metre zone grading 1.27 per cent lead from 85 metres.
“As anticipated, the Paris South drilling continues to deliver broad high-grade silver and lead mineralisation,” Investigator Managing Director Andrew McIlwain said.
“Silver mineralisation on this drilled section is demonstrating continuity to prior sections and has included the highest one-metre assay so far of 1030 g/t silver for this program. Broad lead intersections are similarly observed and provide an opportunity to add to the overall value of the project.”
Results are still pending for 24 drill holes, and IVR said these were due in mid-April alongside drilling results from its Apollo prospect.
The company is working towards the completion of a definitive feasibility study for Paris Silver following a positive pre-feasibility inquiry while it progresses exploration across adjacent grounds through South Australia.
The Paris Silver project has a resource estimate of 18.8 million tonnes at 88 g/t silver and 0.52 per cent lead for 53.1 million ounces of silver and 97,000 tonnes of lead.
IVR shares were up 2.78 per cent and trading at 3.7 cents at 3:24 pm AEDT.