- Investigator Resources (IVR) intersects encouraging gold and silver mineralisation at the Ares, Paris East and Helen East targets in Western Australia
- In August, the company completed a 52-hole reverse circulation drilling program that followed up on priority targets identified late last year
- Overall, grades peaked at 243 g/t silver, 0.91 g/t gold, 1.09 per cent lead and 0.49 per cent zinc
- According to Managing Director Andrew McIlwain, further drilling will be undertaken in February next year
- Shares in Investigator Resources are down 6.58 per cent to 7.1 cents at 1:17 pm AEDT
Investigator Resources (IVR) has intersected encouraging gold and silver mineralisation at the Ares, Paris East and Helen East targets in Western Australia.
In August, Investigator completed a 52-hole reverse circulation (RC) drilling program that followed up on priority targets identified late last year.
Particular focus was on targets near the Paris Project as well as targets near the Paris resource.
Investigator also tested structures identified via gravity and magnetic geophysical surveys.
Drilling at Ares focused on four locations along a strike length of roughly 3.5 kilometres to test and evaluate alternate structural orientations and gravity and induced polarisation (IP) features.
Best results include two metres at 243 grams of silver per tonne (g/t) from 72 metres, 25 metres at 0.61 per cent lead from 47 metres and three metres at 0.6 g/t gold from 52 metres.
Investigator said the presence of silver and gold is highly encouraging, and immediate follow-up drilling will now be undertaken.
Four holes were drilled at Helen East to target a gravity high feature with three of the holes intersecting silica-sericite altered porphyritic rhyolite.
Results include 49 metres at 1.09 per cent lead from 36 metres, including 14 metres at 48 g/t silver from 56 metres, with seven metres at 62 g/t silver.
Investigator also intersected 21 metres at 0.32 per cent lead and 0.49 per cent zinc from 108 metres.
Paris East is relatively underexplored and drilling was designed to expand on the historical drilling that intersected anomalous silver mineralisation.
Best results include six metres at 0.91 g/t gold from 102 metres and three metres at 228 g/t silver from 51 metres.
The results will be reassessed to focus on further targeting work in future programs.
“This follow-up drilling on the regional targets has delivered encouraging results and is a significant step forward in our search for additional mineralisation within the Peterlumbo region adjacent to our 100 per cent owned Paris Silver deposit,” Managing Director Andrew McIlwain said.
“Of the 52 drillholes completed in the program, almost 90 per cent had reportable intersections in either silver, lead, zinc and/or gold. Importantly, over one third had silver assays greater than the 30 g/t cut-off used for the Paris resource.
“With these encouraging results, further drilling is planned to commence in February 2022.”
Shares in Investigator Resources are down 6.58 per cent to 7.1 cents at 1:17 pm AEDT.