Investigator Resources Limited (ASX: IVR) announced that the regional exploration program completed in December 2020 across its 100% owned Peterlumbo tenement that hosts the Paris Silver Project in South Australia returned encouraging silver intersections at Argos, Ares, and Paris Dyke targets. IVR said that strong alteration zone was recognised in drill chips at Helen and Ares targets.
The company said that target opportunities enhanced at these prospects based on reconnaissance spaced drilling.
Significant results from Argos included 3m @ 10g/t silver from 56m and 2m @ 13g/t silver from 69m; and 25m @ 0.33% lead and 0.3% zinc from 53m.
Ares reported hits including 1m @ 96g/t silver and 0.13g/t gold from 66m; while Paris Dyke reported results including 1m @ 15g/t silver from 104m.
The company said that follow up drill program at Argos, Ares, Paris Dyke, and Helen will commence in June.
Paris Regional exploration drill program
Paris is a shallow, high-grade silver deposit amenable to open pit mining with an updated resource estimate due to be finalised within weeks.
The company had completed Paris Regional exploration drill program in December 2020. The Reverse Circulation regional exploration program drilled a total of 5,989 metres in 46 holes. Drilling was conducted over nine distinct targets within 5km of the Paris Silver Project.
IVR said that 30 holes were drilled across Argos, Ares, and Ares East targets. At Helen, six holes were drilled, while two holes were drilled at Paris Dyke. Six holes were drilled on geophysical targets at Xanthos, Hermes and Hermes North, while two holes were drilled at Centurion.
The company said that metallurgical testwork is currently targeting opportunities to maximize recoveries, culminating in delivery of a Pre-Feasibility Study in July 2021.
The company said that high-grade results were returned from the regional exploration program around its Paris deposit. IVR said that significant results were reported from Argos, Ares, and Paris Dyke.
The company said that at Argos, mineralisation and alteration extended over 1km trend.
Significant hits included 3m @ 10g/t silver from 56m and 2m @ 13g/t silver from 69m; and 25m @ 0.33% lead and 0.3% zinc from 53m in hole PPRC742; 3m @ 10g/t silver from 81m in hole PPRC721; 3m @ 8g/t silver from 84m in hole PPRC722; and 6m @ 7g/t silver from 101m in hole PPRC711.
Significant intercepts from Ares included 1m @ 96g/t silver and 0.13g/t gold from 66m in hole PPRC735.
Standout hits from Paris Dyke included 1m @ 15g/t silver from 104m; and 1m @ 10g/t silver from 115m; and 14m @ 0.23% lead from 99m in hole PPRC741.
Important silver results from the 46 holes are as shown below.
The company said that further drill testing of four priority targets including the southern 1km of the Argos trend, the fertile 2km trend of Ares, Paris Dyke, and Helen will be undertaken in the June Quarter of 2021.
IVR said that in addition to this, and subject to confirmation through the Paris Silver Project resource estimation process currently underway, further drilling is planned to determine the opportunity to expand the Paris resource to the east and west in areas where the 2020 Infill drill program did not close off mineralisation.
Investigator’s Managing Director, Andrew McIlwain said: “With more recent work naturally focussed on the growth and advancement of the Paris Silver Project’s resource, little work had been undertaken following up known regional opportunities. When capital was raised in August 2020, a commitment was made to pursue the thesis that similar mineralisation could feasibly exist within close proximity to Paris.
In conjunction with the infill drill program conducted across our Paris Silver Project in late 2020, a program of 5,989m was drilled in 46 holes across 9 targets – all within 5km of Paris.
Drilling at all 9 targets was designed to test exploration models, with the objective of identifying mineralisation that may intersect, or vector towards additional silver/lead mineralisation in prox-imity to Paris. Final assay results from the approximately 2,500 samples generated in the regional program have now been received.
We are encouraged by the results, particularly at Ares and Argos, where we are looking for a Paris repeat along trend from Paris. Identification of silver mineralisation in this wide spaced reconnais-sance drill program supports our optimism that the region may hosts other further silver deposits and we will embark on further drilling at Argos, Ares and Helen, as well as at Paris Dyke – which delivered encouraging results close to the existing Paris silver resource – in the next few months.”
Image Source: Investigator Resources Limited