- Investigator Resources (IVR) has received more results from an infill drilling program completed at its Paris Silver Project in South Australia
- Drilling wrapped up in December last year and aimed to improve the confidence in mineralisation and upgrade the inferred resource to the indicated category
- The latest batch of results included outstanding grades of up to 445g/t and 1360g/t silver
- All results are expected to be received by April, and the revised resource estimate is planned to be completed by the following month
- Investigator shares are up 5.43 per cent and are trading at 9.7 cents
Investigator Resources (IVR) has received more assay results from an infill drilling program conducted at its Paris Silver Project in South Australia.
The Paris Silver Project is the highest-grade undeveloped primary silver project in Australia. Its current resource sits at 9.3 million tonnes at 139g/t silver and 0.6 per cent lead for 42 million ounces of contained silver and 55,000 tonnes of contained lead.
Drilling wrapped up in December last year and included 223 holes, for 20,483 metres. The program aimed to improve the confidence in grade and continuity of mineralisation as well as advance the existing inferred resource to the indicated category.
Latest results include 16 metres at 236g/t silver from 52 metres including nine metres at 273g/t silver from 59 metres, 22 metres at 120g/t silver from 49 metres including three metres at 445g/t silver from 53 metres, and 19 metres at 185g/t silver from 43 metres including one metre at 1360g/t silver from 43 metres.
“These results continue to support the improved continuity of grade and confidence in location of mineralisation in the Paris Silver Project,” Managing Director Andrew Mcllwain said.
“In particular, there are some high-grade zones present with substantial widths and downhole continuity. Coupled with the closer spaced drilling undertaken in the infill program, this will add support to an increased confidence in the upcoming resource estimate,” he added.
Assays are yet to be received for about 20 per cent of the 22,000 samples. All results are expected to be received by April and the revised resource estimate is planned for the following month.
Investigator’s shares are up 5.43 per cent and are trading at 9.7 cents at 11:51 am AEDT.