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Investigator Resources (ASX:IVR) - Managing Director, Andrew Mcllwain
Managing Director, Andrew Mcllwain
Source: Finance News Network
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  • Investigator Resources (IVR) has intersected 8210g/t silver from its Paris Silver Project in South Australia
  • Last year, the company completed a reverse circulation drilling program at the project that aimed to improve the continuity of the mineralisation and increase the current resource
  • While a result of 8210g/t silver is significant, nearly 12,500g/t silver was returned in December last year
  • Investigator will continue working on the revised resource estimate, which is expected to be released before May
  • Shares in Investigator are down 2.41 per cent and trading at 8.1 cents

Investigator Resources (IVR) has intersected 8210g/t silver from its Paris Silver Project in South Australia.

The Paris Silver Project is the highest-grade undeveloped primary silver project in Australia and has a JORC 2012 resource of 9.3 million tonnes at 139g/t silver and 0.6 per cent lead.

Late last year, Investigator completed a 20,483-metre reverse circulation (RC) drilling program.

This program aimed to both improve the confidence in the grade and continuity of the mineralisation and update the resource.

Significant results include 19 metres at 561g/t silver from 55 metres including eight metres at 1240g/t silver from 59 metres including one metre at 8210g/t silver from 61 metres.

This drilling program has returned some significant intercepts with a best result of 12,447g/t silver returned in mid-December.

“We are confident that the results reported here continue to support our view of the improved continuity of grade and confidence in the location of mineralisation in the Paris Silver Project,” Managing Director Andrew McIlwain commented.

“As previously mentioned, the continuing trend of high-grade mineralisation observed in the south of previously reported results bodes well for inclusion in the upcoming re-estimation of the resource,” he added.

Investigator will continue working on the revised resource estimate, which is expected to be released before May.

Shares in Investigator are down 2.41 per cent and trading at 8.1 cents at 12:11 pm AEDT.

IVR by the numbers
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