The Paris project in South Australia is continuing to deliver the goods for Investigator Resources (ASX: IVR), which today announced the highest-grade silver assay from its 2020 infill drilling program at a whopping 8,210 grams per tonne.
The result was within the latest batch of assays returned from drilling in the southern region of the Paris resource and follows outstanding intercepts reported earlier this month including 15.7m grading at 1,084g/t silver.
Today’s 1m at 8,210g/t silver result was encountered within an 8m intersection grading 1,240g/t silver from 59m, contained in a longer 19m intercept grading 561g/t silver from 55m.
This significant result came from Line -0.25, where Investigator noted mineralisation is present in holes at both the eastern and western extremities, demonstrating potential for future drilling to identify mineralisation extensions.
Another hole – on Line -0.5, the southernmost line of drilling in the program – returned 19m at 227g/t silver from 96m including 14m at 290g/t.
Investigator managing director Andrew McIlwain said the results reported from this southern region continue to support the company’s view of the improved continuity of grade and confidence in location of mineralisation in the Paris silver project.
“Reporting the highest-grade intersection of the 2020 infill drill program in Line -0.25 is really encouraging as we are still seeing significant mineralisation in the southernmost line of drilling completed in this program, a further 25m south in Line -0.5,” he said.
Revised resource estimate anticipated by May
Mr McIlwain said the continuing trend of high-grade mineralisation observed to the south of previously reported results bodes well for inclusion in the upcoming resource update, which is anticipated before May.
“We have some work to do now in pulling these results together and completing the updated resource estimate,” he said.
Investigator’s 100% owned Paris project is the highest grade undeveloped primarily silver project in Australia with a current JORC 2012 estimate of 9.3Mt at 139g/t silver and 0.6% lead for 42Moz of contained silver and 55,000t of lead.