New high-grade silver intercepts to support resource upgrade and scoping study at Investigator’s Paris Project in South Australia
High-grade shallow silver intersections reported across central Paris from detailed drilling (of 20% of resource area) completed late in 2016.
All of the 50 vertical RCP holes reported assays greater than 30g/t silver; Highlights include:
– 52m @ 468g/t silver from 10m (PPRC416)
– 10m @ 2,708g/t silver from 118m (PPRC368)
– 17m @ 502g/t silver from 81m (PPRC378)
– 8m @ 561g/t silver from 49m (PPRC394)
New results support the aim of upgrading the Inferred Paris Mineral Resource estimate (33Moz silver; 8.8Mt @ 116g/t silver; 50g/t silver lower cut-off).
Assays awaited for additional six diamond twins of RCP holes to provide further assessments, expected in late-January.
Revised Paris silver resource estimate expected during the first Quarter of 2017.
Samples from the recent drilling will be used for metallurgical testing as part of the Paris scoping study, expected to be completed by mid-2017.
Investigator Resources Managing Director, John Anderson commented, “The strong results of the infill drilling add confidence in the range and extent of high silver grades for the Paris project. The closer-spaced drilling is also encouragingly supporting our understanding of the geological framework, geometry and scope of the silver mineralisation.
We look forward to incorporating the new results into the forthcoming re-estimate of the silver resource at Paris ahead of scoping studies later in the year.”