High-grade silver and lead assays continue for Investigator Resources at Paris South
Investigator Resources (ASX: IVR) has encountered more high-grade silver and lead from drilling outside of the previous resource at Paris South in South Australia.
The company has received results from eight holes drilled across Line -1.0, which was a 50m step-out from resource drilling in 2020.
Better intercepts were 17m at 130 grams per tonne silver from 175m, including 1m at 1,030g/t silver from 178m; 35m 74g/t silver from 128m, including 8m at 183g/t silver from 145m; and 29m at 69g/t silver from 118m, including 5m at 213g/t silver from 127m.
Another hole uncovered 62m at 1.27% lead from 85m, including 17m at 2.27% lead from 126m.
Investigator managing director Andrew McIlwain said the Paris South drill results were “as anticipated” – continuing to deliver broad high-grade silver and lead mineralisation.
He said silver mineralisation from the 50m step-out line had demonstrated continuity to previous drill sections and returned the highest 1m silver assay so far for the program of 1,030g/t.
“Broad lead intersections are similarly observed and provide opportunity to add to the overall value of the project.”
“These results in addition to the previously released results from Line -2.5 (a 200m step-out from previous resource drilling) support the excellent opportunity to add to the resource estimate,” Mr McIlwain added.
All-up, 37 holes have now been completed across Paris South for 7,150m.
Investigator expects to have all assays from the remaining 24 holes by mid-April.
Mr McIlwain said the assays will be incorporated into the revised Paris estimate, which is expected to be released in May.
Paris silver project
In October last year, Investigator secured access to drill the southern end of the Paris deposit – Paris South.
Following access approval, the company kicked-off a 29-hole for 4,800m reverse circulation program in late November.
Due to the initial success from Line -2.5, Investigator expanded the program to 37-holes for 7,150m.
This extends to potential for calculating resources over an additional 250m past the previous resource drilling in 2020.
Investigator is completing a definitive feasibility study on the Paris deposit, which has a current resource of 18.8Mt grading 88g/t silver and 0.52% lead for 53.1Moz silver and 97,600t lead.
The deposit is 70km north of a rural town Kimba on South Australia’s Eyre Peninsula.
It is shallow and amenable to open pit mining and is accessible via highways and sealed roads.