Investigator Resources discovers high grade silver lead at Paris prospect

Investigator Resources (ASX: IVR) has intersected high-grade silver and lead from initial drilling at the Paris prospect within its Peterlumbo project area, indicating a major mineralised system.

The results indicate broad and shallow intersections in adjacent vertical drill holes at the prospect on the Eyre Peninsula in South Australia.

Highlights include: 29 metres at 155 grams per tonne (g/t) silver (Ag) & 2.5% lead (Pb) from 3 metres to bottom of hole (BOH); including 11 metres at 84.5 g/t Ag, 0.45 g/t gold (Au), 6.6% Pb from 21 metres to BOH.

In addition, numerous other shallow regolith intersections indicate a primary target zone 150 metres in width and at least 400 metres long in underlying fresh bedrock.
The assay results are from the first 40 holes of the recent 69 hole drill program at the Paris prospect, one of five priority targets at the Peterlumbo Joint Venture.

The company is now eagerly awaiting assays from drilling along a further 500 metre extensions to the target. The other 29 holes of the drill program that also intersected prospective geology are anticipated to extend the mineralised target zone to 900 metres in length.

John Anderson, Investigator's managing director, said “the Paris silver lead prospect continues to advance at every stage of exploration, so we are looking forward to the rest of the drill assays and getting back in with the drill rig to follow up the exciting intersections."

The prospect is the most advanced of five priority silver-in-soil geochemical targets and it is the first time that lead intersections have been encountered in the Peterlumbo field where silver was intersected by initial scout drilling in January 2011.

The intersected mineralisation is interpreted by Investigator Resources’ geologists as the weathered representation of deeper sulphide mineralisation.

There is potential within a 150 metre wide and at least 400 metre long target zone for both shallow supergene silver lead deposits extending away from the discovery holes and primary sulphide deposits of silver lead.

There is also a possibility of zinc and copper beneath the drilling that averaged 68 metre depth and rarely reached fresh bedrock.

The project area is held by the Peterlumbo Joint Venture between Investigator, holding 75% interest and is manager, and Mega Hindmarsh Pty Ltd with a 25% interest.

Originally published at: http://www.proactiveinvestors.com.au/companies/news/18760/investigator-resources-discovers-high-grade-silver-lead-at-paris-prospect-18760.html