Investigator Resources Ltd: Trojan Drilling Programme Intersects Large Pyritic Zone
25.02.2018 | ABN Newswire
Adelaide - Investigator Resources Ltd. (ASX:IVR) announces the completion of three RCP holes to test the Trojan Induced Polarisation ("IP") target as projected in the Annual General Meeting in November 2017. All three holes, drilled between 252m and 275m downhole depths, intersected extensive iron sulphides without targeted copper sulphides being observed. Assays are awaited, with no significant copper values anticipated. The Trojan target lies within the 100% IVR-held Peterlumbo tenement (see Figure 1 in link below) 5km southeast of the Company's Paris silver project 42Moz Mineral Resource.Three 400m-spaced reverse circulation percussion ('RCP') holes drilled in mid-February 2018 to test the large Trojan IP target intersected pyritic metasediments without visible copper sulphide.
- The pyritic metasediment can be interpreted as the southern pyritic halo to Nankivel porphyry system. Hence the location of central copper-prospective zone is revised.
- Assays are awaited to investigate metal ratio vectors to potential adjacent targets.
- Focus will continue to advance the Paris silver project with:
o A four-hole program of deeper RCP drilling completed last week in the prospective south-eastern Paris extension.
o Induced Polarisation ('IP') survey completed in early February is being assessed for satellite silver targets.
o Further drilling planned in March at Paris and satellite targets.
Investigator's Managing Director John Anderson said "The drilling showed the strongest IP anomaly (see Figures 2 & 3 in link below) in the Nankivel porphyry system results from pyrite in network fractures and quartz veining, and is interpreted as the outer pyritic zone to the system. This implies the drilling has over-stepped any copper-prospective centre to the system, north of and most likely significantly deeper than the recent drilling (see Figure 4 in link below). Investigator will not undertake any further sole exploration on the Nankivel Project. A joint venture partner will be sought to fund further exploration.
Investigator will continue to focus on the nearby Paris silver project. Following the Trojan program, four holes were also recently completed with the larger RCP drill rig in the south-eastern Paris extension zone. Assays are awaited." Mr Anderson added.
As referred to in TABLE 1, Appendix 1 (see link below), three holes were drilled and are summarised in Table A.
Table A: Drill collars for the reported drilling program for the Trojan Drilling, Peterlumbo Tenement
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Hole ID Easting Northing RL (m) Azimuth Dip Total depth (m)
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PPRC468 598,839 6,383,781 226 20 -65 252
PPRC469 598,579 6,384,265 240 0 -90 269
PPRC470 598,090 6,384,098 220 20 -65 275
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Additional Information
Refer to Appendix 1 for 'TABLE 1: Peterlumbo Tenement, Trojan Reverse-Circulating Drilling, Visual Results February 2018 - JORC 2012', information relating to the compliance of the 2012 edition of the JORC Code. This includes Section 1 - sampling Techniques and Data and Section 2 - Reporting of Exploration Results.
To view tables and figures, please visit:
http://abnnewswire.net/lnk/19W7O21Q
About Investigator Resources Ltd:
Investigator Resources Ltd. (ASX:IVR) is a metals explorer with a focus on the opportunities for greenfields silver-lead, copper-gold and nickel discoveries offered by the emerging minerals frontier of the southern Gawler Craton on South Australia’s northern Eyre Peninsula.
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