Investigator Resources Limited (ASX:IVR) announces extended copper intersection in Stuart Shelf

Investigator Resources Limited (ASX:IVR) has announced the extension of sediment hosted copper intersection in the Stuart Shelf, South Australia. Additional assays received from previous drilling by Discover Co on Joint Venture tenements have revealed an extended intersection now reported as 11m @ 1.2% Cu from 59m in hole PE046, previously reported as 8m @ 1.06% Cu from 62m. Discover Co is advancing approvals for diamond drilling, soil sampling, and up to 6,000m of Reverse Circulation drilling to determine the scale extent of the Pernatty South Discovery.

Investigator's Managing Director comments on Discover Co's results

Investigator's Managing Director, Andrew Mcllwain, expressed his satisfaction with Discover Co's results, stating, 'The additional assays reported by Discover Co from Hole PE046 extends the previously reported intersection length and encouragingly increases the average grade. We are keen to have Discover Co gain the necessary approvals to undertake their follow-up drilling program to test the scale of this discovery. Discover Co's primary focus in the Stuart Shelf is the discovery of Zambian Copper Belt style sediment hosted copper under shallow cover with a commitment to spend $4 million over 4 years within the Investigator Joint Venture tenements'.

Summary of Investigator Resources' extended copper intersection announcement

Investigator Resources Limited (ASX:IVR) has reported an extended sediment hosted copper intersection in the Stuart Shelf, South Australia. Discover Co's additional assays from Hole PE046 have revealed an extended intersection now reported as 11m @ 1.2% Cu from 59m, previously reported as 8m @ 1.06% Cu from 62m. Discover Co is advancing approvals for diamond drilling, soil sampling, and up to 6,000m of Reverse Circulation drilling to determine the scale extent of the Pernatty South Discovery. The Joint Venture tenements, situated in the highly prospective Olympic Domain, will be advanced under the Joint Venture by Discover Co spending up to $4m over a 4-year period to earn an additional 29% - for a total equity interest of 80%. Investigator Resources Limited holds 100% ownership in the adjacent tenements totaling approximately 2,400km². The company's primary focus is the discovery of Zambian Copper Belt style sediment hosted copper under shallow cover with a commitment to spend $4 million over 4 years within the Investigator Joint Venture tenements.