- Investigator Resources (IVR) intersects “substantial” silver, zinc and lead mineralisation at the Paris Silver Project in South Australia
- In April, more than 7600 metres of regional exploration drilling was completed across six prospects to follow up on the 2021 drilling and test multiple exploration models
- Results have been received for the Area, Apollo and Diomedes prospects with up to 3167 g/t silver, 2.18 per cent zinc and 2.03 per cent lead intersected
- According to Managing Director Andrew McIlwain, drilling will begin in September to follow up high priority targets at these three prospects
- Investigator is steady on the market with shares trading at 4.3 cents at 3:22 pm AEST
Investigator Resources (IVR) has intersected “substantial” silver, zinc and lead mineralisation at the Paris silver project in South Australia.
In April, 7634 metres of regional exploration drilling was completed across six prospects to follow up on the 2021 drilling and test multiple exploration models.
Ares
Drilling at the Ares prospect returned a best intersection of six metres at 24 grams per tonne (g/t) silver, nine metres at 0.33 per cent lead and 15 metres at 0.26 per cent zinc from 111 metres intersected.
It also intersected 39 metres at 1.26 per cent zinc from 21 metres including 12 metres at 2.66 per cent zinc from 33 metres.
Drilling at the Ares prospect confirmed a north-northwest-trending contact between dolomite and metasedimentary units.
The contact is associated with silver-lead-zinc mineralisation and can be mapped towards the Apollo prospect.
Apollo
Drilling at Apollo tested a broad selection of targets based on soil geochemistry and structural targets identified via gravity and magnetic data.
Fire assaying of one-metre samples returned intersections of eight metres at 1262 g/t silver from 149 metres including three metres at 3167 g/t silver from 150 metres.
Samples grading over 1500 g/t silver have increased Investigator’s confidence in the data.
A 270-metre diamond twin hole was drilled, however, results are yet to be received. In the interim, the core has provided important structural data to aid in follow-up drilling.
Diomedes
Work at the Diomedes prospect intersected encouraging silver-lead-zinc-copper and gold mineralisation.
Overall, up to 30 g/t silver, 0.77g/t gold, 2.03 per cent lead and 2.18 per cent zinc was intersected.
Further work will be undertaken to re-evaluate the soil geochemical data to aid drill targeting further to the north.
Managing Director Andrew McIlwain said 2022 has been an “exciting and successful” year of exploration.
“The results reported here from the exploration program focussed on prospects close to Paris add to the high grade silver discovery at Apollo,” Mr McIlwain said.
“Importantly, this drilling provides substantial geological and geochemical data that significantly improves our geological understanding of the region, and enables us to refine our targeting models.
“The team are diligently assessing all geochemical and structural data, with follow-up drilling at the three high priority targets of Apollo, Ares and Diomedes scheduled to start in September.”
Investigator was steady on the market with shares trading at 4.3 cents at 3:22 pm AEST.