Investigator Resources (ASX: IVR) has continued to report wide, high-grade drilling intercepts from its 100% owned Paris silver project in South Australia including a 15.7m intersection grading 1,084 grams per tonne of silver.
These are the latest results from a 20,500m infill drilling campaign completed in December in the southern region of the Paris resource and follow impressive assays reported earlier in the month.
The 1,084g/t silver result was encountered within a broader 26m intercept grading at 674g/t silver from 52m downhole.
Other drilling highlights include: 31m at 336g/t silver from 44m including 22m at 453g/t from 51m; 20m at 134g/t from 107m including 12m at 177g/t; 2m at 191g/t from 82m; and 10m at 144g/t from 104m including 6m at 211g/t silver.
Results to be included in upcoming resource update
Investigator managing director Andrew McIlwain said these encouraging results continue to support the improved continuity of grade and confidence in the location of Paris’ silver mineralisation.
“The continuing trend of high-grade mineralisation observed to the south of previously reported results of this infill program bodes well for inclusion in the upcoming re-estimation of the resource.”
According to Mr McIlwain, the hole that returned 26m at 674g/t silver was the sixth highest intersection across the entire Paris deposit in terms of length and grade.
“These substantial widths and down hole continuity, coupled with the closer drilling from the infill program, add support to an increased confidence in the upcoming resource estimate,” he said.
Investigator is now in final stages of compiling assays from its infill drilling campaign.
Mr McIlwain said samples from Lines 0.25 and -0.5, to the south of the assays reported today, are “eagerly awaited” as they will enable the company to “better understand the potential to extend the indicated resource estimate in the southern region outside its current footprint”.
Australia’s highest grade undeveloped primary silver project
Investigator’s wholly-owned Paris project is the highest-grade undeveloped primary silver project in Australia. Its JORC 2012 resource currently stands at 9.3Mt grading 139g/t silver and 0.6% lead for 42 million ounces of contained silver and 55,000t of contained lead.
The company regards it as a shallow, high-grade deposit amenable to open pit mining.
The program developed to complete a pre-feasibility study (PFS) includes infill drilling to advance the existing inferred resource to indicated status, further development and refinement of the process plant flowsheet and design, open pit mine design and scheduling, as well as refinement of power and water supply options.
Investigator expects the PFS will provide improved confidence in key operating parameters, while cost assumptions will enable a comprehensive project economic analysis and for development and finance decisions to be made.