IVR investigator resources ltd

Investigator Resources Limited (ASX: IVR, “Investigator” or the...

  1. dfl
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    Investigator Resources Limited (ASX: IVR, “Investigator” or the “Company”) is pleased to provide
    details of additional assays received from previous drilling undertaken by Discover Co on Joint Venture
    tenements in the Stuart Shelf, South Australia.
    Note: Details in this announcement relate to results provided by Discover Co and are appended in full. Readers are
    directed to refer to the Competent Person declaration and accompanying Table 1 within Discover Co’s appended
    document for detail.
    Highlights:
    • Extended intersection now reported as 11m @ 1.2% Cu from 59m in hole PE046 - previously
    reported as 8m @ 1.06% Cu from 62m (as reported by Discover Co in their appended release)
    • Discover Co are advancing approvals to undertake:
    – Diamond drilling to confirm geological controls on mineralisation;
    – Soil sampling to test for surface anomalism associated with mineralisation; and
    – Up to 6,000m of Reverse Circulation drilling to determine the scale extent of
    the Pernatty South Discovery
    Investigator’s Managing Director, Andrew McIlwain commented on Discover Co’s results:
    “The additional assays reported by Discover Co from Hole PE046 (located on Investigator’s Whittata tenement EL6642) 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”.
 
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