Silver explorer Investigator Resources (ASX:IVR) has uncovered new shallow silver mineralisation 2km south of its Paris Project in South Australia.
The company reports that drilling has returned intersections of 1m @ 71 grams per tonne (g/t) silver and 0.6% lead from 38m at the new Perseus prospect.
These are the first results from a multi-disciplinary exploration program focused in the vicinity of the Paris Silver Project.
Investigator also hit lead and zinc mineralisation at the Diomedes prospect in an untested area 200m north of previous drilling.
Results featured 36m @ 0.36% zinc from 8m and 20m @ 0.42% lead from 7m, including 4m @ 1.41% lead from 15m.
Manganese was also intersected at Diomedes with drilling returning hits of 22m @ 10.3% from 15m, including 7m @ 25% from 20m.
Additionally, a newly discovered prospect, dubbed Manto, south of Nankivel delivered intersections of 3m @ 0.1% copper and 0.1% nickel from 30m, and 1m @ 0.17% zinc from 32m.
Managing Director Andrew McIlwain says although the silver mineralisation at the Perseus prospect came from a bottom-of-hole, single hit, the results corroborate Investigator’s belief that Paris is unlikely the sole silver deposit in the district.
“The team are already planning follow up drilling over the new Perseus prospect, aiming to incorporate the newly acquired soil and gravity data from the comprehensive March 2024 exploration efforts around Paris,” he says.
McIlwain says the discovery of significant amounts of manganese at the Diomedes prospect may indicate proximity to the same paleo-unconformity setting that is present at Paris, where elevated manganese is located at the top of the dolomitic marble basement.
“The discovery of manganese, a critical mineral, is not only of geological significance in the context of Paris, but once again highlights the prospectivity of the greater Peterlumbo exploration licence for multiple commodity types,” he says.
Follow-up drilling is planned for the second half of this year.
Write to Angela East at Mining.com.au
Images: Investigator Resources
