First two holes are follow up holes to drill deeper previous best results.
"Ladies and Gentlemen, today Investigator Resources announces that a drill rig has been secured and is travelling to site to commence the next phase of drilling at Paris later this week. Five diamond holes are scheduled to be drilled before Christmas to verify the geometry and potential vectors of the high grade silver mineralisation intersected to date. In particular, the first two holes will twin and complete the two prior intersections to the bottoms of hole PLAC107 of 4 metres at 1,052 grams per tonne silver from 72 metres downhole depth and hole PLAC109 of 3 metres at 422 grams per tonne silver from 90 metres.
The Paris success has elevated the potential of our pipeline of similarly developed targets on Eyre Peninsula so small allocations are also budgeted for initial drill testing of those targets and metal centres in a set order of priority.
The Bute IOCG target is also scheduled for testing between crops and also has the potential to be a fast developing project.
My immediate challenge is to build the South Australian exploration team in preparation for a busy year with drill metres and expenditures budgeted to at least double in 2012 over 2011."
IVR Price at posting:
15.8¢ Sentiment: Buy Disclosure: Held
