A regional reverse circulation drilling campaign adjacent to the Paris silver project in South Australia has returned encouraging silver and gold results for junior explorer Investigator Resources (ASX: IVR).
All up 52 holes were completed for a total 6,770m at the Peterlumbo tenement – containing the Ares, Paris East and Helen East targets.
Of these 52 holes, almost 90% had reportable intersections in silver, lead, zinc or gold, validating the company’s search for significant mineralisation within the region.
Drilling was focused on identifying opportunities proximal to the Paris deposit and investigating an anomalism and key structures considered prospective following a drilling campaign in May.
Ares has been elevated to a priority target following the discovery of similarities to the mineralisation setting at Paris, with best results of 2m at 243 grams per tonne silver from 72m (the second highest silver assay encountered outside of the Paris footprint); 2m at 37g/t silver from 76m; 25m at 0.61% lead from 47m; and 3m at 0.6g/t gold from 52m.
Investigator said the gold assay indicates the likelihood of hydrothermal fluid flow migrating along structures.
Situated closest to the Paris resource, the underexplored Paris East satellite target returned 7m at 35g/t silver from 63m; 6m at 0.91g/t gold from 102m; 2m at 0.37g/t gold from 125m; and 6m at 122g/t silver including 3m at 228g/t silver from 51m
Meanwhile at Helen East, located 3km from the Paris resource, best assays were 49m at 1.09% lead from 36m, including 14m at 48g/t silver from 56m, with 7m at 62g/t silver from 62m; and 21m at 0.32% lead and 0.49% zinc from 108m.
Drilling at Paris South (on the perimeter of the Paris resource) intersected silver, lead and gold, with significant results of 10m at 137g/t silver from 25m, including 4m at 309g/t silver, 19m at 0.81% lead from 12m and 1m at 1.54g/t gold from 29m; 18m at 30g/t silver from 79m; and 18m at 0.42% lead from 81m.
Paris North, at the northern end of the resource, returned 1m at 1.72g/t gold from 96m.
Managing director Andrew McIlwain said the results were a “significant step forward” in the search for additional mineralisation outside of the Paris resource.
“We tested a number of satellite targets closer to Paris and results from Paris East and Paris South were extremely encouraging,” he said.
“The return of a number of significant gold assays rarely seen outside of the immediate resource footprint adds interest to these areas.”