Investigator Resources adds another high-grade discovery to its silver future

Investigator Resources ASX IVR silver South Australia
Almost all holes drilled at Investigator’s Uno Morgans project returned reportable intersections of silver and zinc.

Located 80km east of its flagship Paris deposit, the Uno Morgan deposit is emerging as another high-grade South Australian silver asset for Investigator Resources (ASX: IVR).

The company has renewed exploration at Uno Morgans, 75km northwest of Whyalla on the Eyre Peninsular.

According to Investigator, this new program has delivered “high-grade” silver and “impressive” zinc results.

Twenty-four of the 27 holes drilled across seven targets returned reportable intersections, including one at the Twelve Mile Hill prospect assaying 12m at 240 grams per tonne silver, including 6m at 383g/t.

Zinc hits up to 1.52%

From near surface at Uno North came the assay of 123m at 0.48% zinc from 15m, including 24m at 1.52%.

Another hole returned 63m at 0.6% zinc (from surface), including 9m at 1.07%.

Investigator said other intersections at the Twelve Mile, Higher Ground and Hurricane South prospects included silver, zinc, lead, gold and copper hits.

The company is now working on plans for soil sampling, mapping and drilling programs.

Using new technique for soil sampling

Uno Morgans is located on the Uno fault at the base of the Gawler Range Volcanics.

Investigator managing director Andrew McIlwain said these latest exploration results, from the first drilling at the Uno Morgans project since 2014, are encouraging and testament to the prospectivity of the district.

During the work, Investigator trialled a new CSIRO ultra-fine fraction analytical technique for soil sampling.

“The results of this new method aided the successful targeting of mineralisation at multiple prospects and will continue to be used for future exploration,” Mr McIlwain said.

Meanwhile, Investigator is presently working to complete a definitive feasibility study for its Paris project, but also looking to progress exploration on the rest of its South Australian portfolio.

Mr McIlwain said the industry-wide delays in return of assays meant the company is still waiting on the results from the recent 7,600m program of 52 holes drilled at Paris.

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