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- Investigator Resources (IVR) has reported wide intercepts of high-grade silver from infill drilling at its wholly owned Paris Silver Project in South Australia
- According to IVR, the project is the highest-grade undeveloped primary silver project in Australia that is amenable to open-pit mining
- Investigator completed a 20,500-metre drilling campaign in the project’s southern region in December 2020, focused on extending the indicated resource estimate
- Significant intercepts at Line 1 include 26 metres at 674 grams per tonne of silver from 52 metres, including 15.7 metres at 1084 grams per tonne of silver from 53 metres in hole PPDH166
- Twin hole PPRC665 recorded 31 metres at 336 grams per tonne of silver from 44 metres, including 22 metres at 453 grams per tonne of silver from 51 metres
- The results continue to build on the silver grade and mineralisation previously reported south of the Line 1 indicated resource zone
- A revised indicated resource estimate for the Paris Project is expected by May
- Investigator Resources shares are up by 1.16 per cent, trading at 8.7 cents each
Investigator Resources (IVR) has reported wide intercepts of high-grade silver from infill drilling completed at its wholly owned Paris Silver Project in South Australia.
According to IVR, the project is the highest-grade undeveloped primary silver project in Australia that is amenable to open-pit mining.
Investigator completed a 20,500-metre drilling campaign in the project’s southern region in December last year, with a focus on extending the indicated resource estimate.
Significant intercepts from hole PPDH166 include 26 metres at 674 grams per tonne of silver from 52 metres, including 15.7 metres at 1084 grams per tonne of silver from 53 metres.
The result is the sixth highest intersection recorded across the entire Paris deposit in terms of length and grade.
Twin hole PPRC665 recorded 31 metres at 336 grams per tonne of silver from 44 metres, including 22 metres at 453 grams per tonne of silver from 51 metres.
Holes PPRC662 and PPRC536 also recorded significant intercepts.
Investigator Resources Managing Director Andrew McIlwain said the results are encouraging and support the improved continuity of grade and confidence in the location of mineralisation at the Paris Project.
“The continuing trend of high-grade mineralisation observed to the south of previously reported results of this infill program bodes well for inclusion in the upcoming re-estimated of the resource,” Andrew said.
“The majority of the results from the laboratory have now been received and we are in the final stages of compiling these assays,” he continued.
“We eagerly await the return and finalisation of the samples from lines -0.25 and -0.5, to the south of the two lines reported here, as these assays will enable us to better understand the potential to extend the indicated resource estimate in the souther region outside its current footprint.”
The company expects to deliver a revised indicated resource estimate for the Paris Project by May.
Investigator Resources shares are up by 1.16 per cent, trading at 8.7 cents each at 11:16am AEDT.
