Investigator Resources Ltd (IVR.AX) Drilling to Start at Paris Silver Extensions
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Adelaide, Australia (ABN Newswire) - Investigator Resources Limited (ASX:IVR) is pleased to announce it has secured a contractor to commence the planned drilling of shallow lateral extensions to the Paris silver deposit in the first week of December.
The drilling will investigate the opportunity of expanding the Paris Mineral Resource from 42 million contained silver ounces to further strengthen the high-grade and conceptually open-pittable Paris Silver Project. The 100% Investigator-owned Project is well-located near Kimba on the northern Eyre Peninsula of South Australia.
Approximately thirty vertical reverse circulation percussion ("RCP") holes, totalling about 2,500 metres of drilling, are proposed to be completed before Christmas. These will test under-drilled northern extensions and un-tested south-eastern extensions of the Paris deposit. The first drill assays are expected during January.
Some of the new drill holes are guided by previously surveyed Induced Polarisation ("IP") geophysics.
Additional IP surveying will also commence in December to evaluate satellite silver prospects surrounding Paris in preparation for further RCP drill testing during the March 2018 quarter.
In parallel with the drilling, a Pre-Feasibility Study is continuing with the aim of moving the Paris Silver Project towards development. Positive initial outcomes for a potential water supply and ore comminution were reported recently (Investigator ASX release - 14th November 2017). In addition, planning for the drilling of the Nankivel copper-gold target near Paris is well advanced.
The drilling will investigate the opportunity of expanding the Paris Mineral Resource from 42 million contained silver ounces to further strengthen the high-grade and conceptually open-pittable Paris Silver Project. The 100% Investigator-owned Project is well-located near Kimba on the northern Eyre Peninsula of South Australia.
Approximately thirty vertical reverse circulation percussion ("RCP") holes, totalling about 2,500 metres of drilling, are proposed to be completed before Christmas. These will test under-drilled northern extensions and un-tested south-eastern extensions of the Paris deposit. The first drill assays are expected during January.
Some of the new drill holes are guided by previously surveyed Induced Polarisation ("IP") geophysics.
Additional IP surveying will also commence in December to evaluate satellite silver prospects surrounding Paris in preparation for further RCP drill testing during the March 2018 quarter.
In parallel with the drilling, a Pre-Feasibility Study is continuing with the aim of moving the Paris Silver Project towards development. Positive initial outcomes for a potential water supply and ore comminution were reported recently (Investigator ASX release - 14th November 2017). In addition, planning for the drilling of the Nankivel copper-gold target near Paris is well advanced.
About Investigator Resources Ltd:
Investigator Resources Limited (ASX:IVR) is a metals explorer with a focus on the opportunities for greenfields silver-lead, copper-gold and nickel discoveries offered by the emerging minerals frontier of the southern Gawler Craton on South Australia’s northern Eyre Peninsula.
Source:
Investigator Resources Ltd
Contact:
Mr John Anderson Managing Director Investigator Resources Limited E: [email protected] T: +61-8-7325-2222 Mr Peter Taylor Investor Relations NWR Communications E: [email protected] T: +61-41-203-6231
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