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Investigator Resources (ASX: $IVR) discovers silver proximal to Paris deposit

Investigator Resources Limited (ASX: $IVR) Announcement


Investigator Resources Limited (ASX: $IVR) has reported the discovery of new mineralisation proximal to the Paris Silver Project in South Australia. The regional exploration program has uncovered shallow silver mineralisation at the new 'Perseus' prospect, located 2km south of Paris. Additionally, lead-zinc mineralisation has been identified at the Diomedes prospect, along with the discovery of manganese and copper-zinc-nickel mineralisation at the Manto prospect. The company is planning follow-up drilling at Perseus for the second half of CY24.

Executive Commentary


The Managing Director of Investigator Resources, Andrew Mcllwain, expressed satisfaction with the exploration program's results, stating, 'The discovery of shallow silver mineralisation within 2km of Paris is an outstanding result from the Air-Core program. This exceptional outcome stems from the commitment Investigator made at the start of the year to undertake extensive and methodical exploration in the search for additional silver within the vicinity of Paris - providing an immediate value add for the Project.' He also highlighted the potential for more high-value silver discoveries and the company's plans for follow-up drilling at the new Perseus prospect.

Exploration Update Summary


Investigator Resources Limited (ASX: $IVR) has made significant discoveries through its regional exploration program, including shallow silver mineralisation at the new Perseus prospect and lead-zinc mineralisation at the Diomedes prospect. The company's commitment to expedite additional silver discoveries within the vicinity of Paris has yielded positive results, emphasizing its capacity to efficiently combine traditional exploration techniques with innovative methods. The upcoming follow-up drilling and the incorporation of results from additional surveys are expected to further enhance the company's exploration efforts and potentially lead to more discoveries.

INVESTIGATOR RESOURCES LTD
IVR | ASX | Materials
0.050.002(+4.17%)
At close 05/07 (AEDT)
Market cap
$76.0M
Volume
483,690
DY Yield
0
PE Ratio
0
52 Week Range
0.033 - 0.066
1YR Return
-19.028%

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