Investigator Resources Ltd (ASX:IVR) Quarterly Activities Report
Date
10/30/2017 7:17:17 PM
(MENAFN- ABN Newswire) Adelaide, Oct 31, 2017 AEST (ABN Newswire) - Investigator Resources Ltd () provides the Company's Quarterly Activities Report.
HIGHLIGHTS: Additional funding to strengthen the Paris Silver Project and expand the surrounding silver and copper-gold potential
Capital Raising - Raised A$2.4million (gross proceeds):
- Oversubscribed Placement takes cash position to approximately A$4.2million.
- An offer to Eligible shareholders via an SPP to raise up to an additional A$1.0million on equivalent terms as the Placement.
- Funds to be used to explore Paris extensions and surrounding targets with the aim of establishing a larger resource base for IVR becoming a high-grade silver producer.
Paris Silver Project - Paris Pre-Feasibility Study ('PFS') in progress:
- Advanced metallurgical work commenced on composited representative drill samples after geochemical classification of geometallurgical domains within the deposit.
- Hydrological study of a potential water supply is in progress.
- Induced Polarisation ('IP') geophysics and 5,000m of drilling planned to test Paris extensions/surrounds under improved target model.
- PFS extended into 2018 to take account of the opportunity for a larger resource and robust metallurgical model.
Nankivel copper-gold prospects near Paris - Additional targets identified:
- New mapping enhances and adds large porphyry targets.
- Heritage survey underway to gain drill access to initial Trojan IP porphyry target.
- Further drilling and extended IP surveying proposed subject to securing a Joint Venture partner.
To view the full report, please visit:
About Investigator Resources Ltd
() 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.
MENAFN3010201701110000ID1096017125
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.