Investigator Resources Ltd (ASX:IVR) Full Year Statutory Accounts
12.09.2017 | ABN Newswire
Background
Investigator discovered the Paris silver deposit in 2011 as a new epithermal breccia style for South Australia. This provided flow-on opportunities that resulted in the 2016 discovery of the associated porphyry system with copper-gold potential at Nankivel near Paris, all considered to be Olympic Dam age. Breakthrough magneto-telluric research and surveys have produced state-of-the-art geophysical maps of South Australia's subsurface geology that show deep geophysical connections between deposits and mineral belts, information expected to significantly improve exploration prospects in the Gawler Craton. As a result Investigator applied ahead of the competi-tion for the Maslins gravity target within the newly interpreted southern extension of the Olympic Dam corridor of iron oxide copper gold (IOCG) deposits.
Development of the Paris project including satellite silver targets is the Company's highest priority as it is arguably the best undeveloped silver deposit in Australia. Both Nankivel and Maslins rep-resent a new generation of copper-gold targets for South Australia that have potential to be trans-formational for Investigator.
Highlights in FY2017
Paris silver project
- Infill drilling confirmed shallow high-grade silver and gained confidence in the silver grade distribution within deposit.
- Upgraded mineral resource estimate for Paris silver project to 9.3Mt @ 139g/t silver for 42Moz of contained silver.
- Prefeasibility Study commenced with hydrological drilling and metallurgical mapping pre-paratory to metallurgical testwork.
Nankivel copper-gold prospect
- Geophysical survey and drilling confirmed potential for a large porphyry copper-gold system.
Maslins copper-gold target
- Target refined from historic data and access negotiations underway.
Thurlga Joint Venture
- Identification of new silver targets and a graphitic unit in the Thurlga Syncline near Paris
Research
- Application of new technologies secured new tenements for exploration in 2018.
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About Investigator Resources Ltd:
Investigator Resources Ltd. (ASX:IVR) is a metals explorer focussing on silver, copper and gold discovery in southern Gawler Craton, South Australia. It combines original geological concepts, the latest research and its deep exploration experience to make high-value greenfields discoveries for shareholders.
Source:
Investigator Resources Ltd.
Contact:
Mr John Anderson Managing Director Investigator Resources Ltd. E: info@investres.com.au T: +61-8-7325-2222 Mr Peter Taylor Investor Relations NWR Communications E: peter@nwrcommunications.com.au T: +61-41-203-6231