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ASX Release - IVR Significant silver intersections at Peterlumbo, SA xxth February 2011
Investigator Resources Ltd Tel: +61 7 3870 0357 PO Box 343 Toowong, QLD 4066 ASX Code: IVR ABN 90 115 338 979 www.investres.com.au [email protected] Page 1 of 1
Date: 24 April 2012
Re: Investor Presentation
Attached is an updated presentation to be delivered to investors at a series of meetings and conferences including SAREIC in Adelaide 1 May 2012 and RIU Sydney 8 May 2012.
The presentation includes new sections and updated geological interpretations for the Paris silver prospect.
For further information contact: Mr John Anderson Managing Director Investigator Resources Limited Phone: 07 3870 0357
Investigator Resources Limited
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ASX Code: IVR
Investigator Resources Limited
Paris - The new silver setting
in South Australia
Investor Presentation 24th April 2012
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Disclaimer
The information in this presentation is published to inform you about Investigator
Resources Limited and its activities. Some statements in this presentation regarding
estimates or future events are forward looking statements. They involve risk and
uncertainties that could cause actual results to differ from estimated results. All
reasonable effort has been made to provide accurate information, but we do not
warrant or represent its accuracy and we reserve the right to make changes to it at
any time without notice.
To the extent permitted by law, Investigator Resources Limited accepts no
responsibility or liability for any losses or damages of any kind arising out of the use
of any information contained in this presentation. Recipients should make their own
enquiries in relation to any investment decisions.
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Slide 3
Strong Mining Board since inception
Roger Marshall OBE Chairman (former Deputy Chair - McArthur Coal)
Bruce Foy (former Managing Director - ING Bank NV Australia)
David Jones (former Chief Geologist - Newmont Australia)
John Anderson Managing Director (former GM Exploration Australia - MIM)
Capital Structure at 23rd April 2012
Total shares on issue 252,438,032
• CITIC Australia Pty Ltd 45,987,173 (18.2%)
• Acorn Capital 24,608,402 (9.8%)
Capitalised c. $78m @ 31c share (at 20th April 2012)
Cash at bank - $6.3 million (at 31st March 2012)
Strengths - consummate minerals explorer
• Greenfields Paris silver discovery (high-grade shallow)
• Multiple other targets in newly recognised epithermal field
• First mover in resurging province
• Dominant ground position
Corporate Details F
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Slide 4
Paris silver prospect - good location
In resurging mineral
province of southern
Gawler Craton
70km NW of Kimba
township & Eyre Hwy
40km from end of
bitumen & 11km from
public road
Buckleboo pastoral lease
ILUA with Native Title
claimant group and
extensive heritage
survey clearances
Kimba
Olympic Dam
Adelaide
Paris
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Slide 5
Thin soil cover
Rhyolite outcrop or float
Mineralising dykes
Mineralised volcanic outcrops or float
Early dykes & structures
Granodiorite or granite
Altered basement sediments
Peterlumbo JV - IVR 75% fixed interest & manager
Greenfields Paris discovery within large Peterlumbo field Field offers widespread near-surface potential
Plan – western end of JV tenement
Soil geochemical targets
within epithermal field
interpreted by scattered
classic indicators
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Slide 6
Rare prospective epithermal outcrops rim the newly recognised field
IVR’s recent soil geochemistry revealed the real potential
of the field and led to the Paris silver discovery
First mover opportunities in new precious metal field
Peterlumbo Landscape
Nankivel rhyolite breccia with
Peterlumbo Hill in background
Rhyolite breccia
near Paris
Epithermally-altered
volcanic outcrop at Helen
Gold-bearing float
at soil anomaly
Scout aircore drilling
at Paris soil target
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Slide 7
Paris drilling plan showing key intersections Generally oxidised by weathering to around 60m vertical depth from surface
Silver-rich pyrite mineralisation
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Slide 8
Paris – interpretive target plan Subvolcanic epithermal manto/feeder vein system
Granodiorite
Mantos Ag-Au Veins
Global exploration model from: Sillitoe & Hedenquist 2003
Interpreted vertical feeder
structure with potential
for gold credits at depth
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Western Zone
PPRC008: 5m @ 2,395g/t Ag North Eastern Zone
PLAC125: 5m @ 286g/t Ag + 5m@ 140g/t Ag
granodiorite
schist schist carbonate possible carbonate
& targets
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Interpretive geology on IP resistivity section – Line 8 at northern end of Paris prospect
Granodiorite intrusive into reactive carbonate
Likely mineralised structures on granodiorite margins feed flat-lying silver and lead mineralisation (“mantos”)
replacing upper levels of carbonate near palaeosurface
Recent Induced Polarisation “IP” geophysical survey maps saline groundwater and/or oxidised sulphides as exploration
indicator above mineralisation
Deeper IP response maps unmineralised schists
100 metres
Lo
w -
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hig
h
Slide 9
Lead intersection Silver intersection
(LHS of drill trace) (RHS of trace)
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Western Zone
PPDH001: 4.75m @ 1,108g/t Ag
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feeder
North Eastern Zone
PPDH002: 11.6m @ 3,646g/t Ag
Central Feeder Zone?
PPDH004: 0.5m @ 2,900g/t Ag
100 metres
possible carbonate
& targets
Line 7, Paris prospect High-grade North Eastern Zone
Interpreted northern end of Central Feeder
IP maps possible carbonate & new targets on eastern side along length of prospect
Lead intersection Silver intersection
(LHS of drill trace) (RHS of trace)
Slide 10
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NE Feeder Zone
PPRC026: 6m @ 211g/t Ag
Lead Spine = top of Feeder Zone
PLAC097: 13m @ 5.87% Pb
& 18m @ 223g/t Ag
North Eastern Zone
PPRC026: 7m @ 1,810g/t Ag
PPRC027: 1m @ 118g/t Ag
Central Feeder Zone
PPRC025: 14m @ >427g/t Ag
100 metres
possible carbonate
& targets
Line 6 south of initial drilling on Line 7
Southern extension to high-grade North Eastern Zone
Interpreted intersections of near vertical mineralised feeder structures
• Not detected by IP in resistive carbonate
• Central Feeder Target = “Lead Spine” described in 2011 aircore drilling
Slide 11
100 metres
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Central Feeder Zone
PPRC032: 6m @ 596g/t Ag & 0.2g/t Au
possible carbonate
& targets
Southern extension to NE Feeder Target
100 metres
Central part of Paris prospect
Central Feeder target with gold credit
Untested southern extension of North Eastern Zone
including feeder target under short aircore holes
Slide 12
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South Eastern Zone PLAC139: 4m @ 332g/t Ag
PPRC039: 19m @ 965g/t Ag
PPRC040: 4m @ 115g/t Ag
New IP targets
Southern end of Central Feeder Zone
PPRC039: 2m @ 178g/t Ag
100 metres
Southeast end of Paris prospect
South Eastern Zone & feeders with more drill potential
New IP targets to east
Slide 13
Lead intersection Silver intersection
(LHS of drill trace) (RHS of trace) For
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Underway
Expanding geological & project team
Establishment of camp
Seeking faster turnaround of high silver drill assays
Mineralogy for preliminary ore-type characterisation
Discussions with metallurgical & environmental consultants
Planned commencing May
Large diameter PQ drilling for structural & metallurgical data
Infill RCP drilling (10,000m plus)
Metallurgical testing
Hydrological studies
Flora-Fauna study
Resource Estimation October to December
Slide 14
Scheduled Paris program for balance of calendar 2012 F
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Silver-in-soil values
>200ppb silver
> 100ppb silver
>50ppb silver
+ Background
Slide 15
Float
78g/t silver
Small outcrop
170g/t silver
Rubble
13g/t silver
Float
0.4g/t gold Float
24g/t silver
Outcrop
3g/t silver
Alexander
Trojan Horse
Helen
Paris
Other satellite soil targets to be tested within 5km of Paris
Plan of Peterlumbo field (75% IVR)
7,000m of aircore & RCP drilling planned during 2012
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Slide 16
Peterlumbo area – diverse & extensive potential Schematic geological section showing targeted deposit styles
Gawler
Ranges
South North
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Slide 17
Paris target area is about same size as
the historic Fresnillo field including
mantos, mined initially from 1554.
New Saucito mine
on recent discovery
of new veins
Modern Fresnillo silver mine on
deeper near-vertical veins
Comparison with Fresnillo field, Mexico - Second largest global silver mine Field has similar size & volcanics/intrusive/palaeosurface setting to Peterlumbo
Fresnillo geology & silver vein map from: Velador 2010 PhD Thesis
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Cannington
Fresnillo
Uchucchacua
Dukat
Pallacanta
Arcata
Imiter
Greens Ck
Alamo Dorado
Piriquitos
San Jose
0
100
200
300
400
500
600
700
800
0 5 10 15 20 25 30 35 40
Slide 18
Grade *
(g/t Ag)
Annual production *
(million ounces silver)
Global silver mines - Many large deposits have epithermal geology like Paris Paris has potential for comparative high silver grades at open-pittable depths
* Note: Data is from various sources & is approximate
epithermal
epithermal
& rhyolite
other
Generally underground mines
Generally open-pit mines
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Kimba
50km
Gawler Range Volcanics
Silver-in-soils reference map ( Silver > 30ppb)
Hopcrafts Dam
Menninnie X Dam
X Weednanna
Slide 19
Victory East
Botenella Gate
Peterlumbo
epithermal field
Botenella Gate
Hopcrafts Dam
Aiming to scout drill at Hopcrafts
Dam & Botenella Gate (100% IVR)
with 4,000m of aircore drilling
from mid-2012
Dominant regional position Potential new metal centres on Eyre Peninsula
Delineated by regional soil
geochemistry ( Silver > 30ppb)
as led to Peterlumbo field &
Paris discovery
Prospective metal centres as
predicted along Moonta Corridor
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Olympic Dam
Prominent Hill
Tunkillia
Hillside
Moonta
Mullaquanna
Menninnie
Dam
Slide 20
Weednanna
IVR’s Advantages
Key IVR projects
• Team’s discovery record in SA
• Leading industry with new
targeting model
(The Moonta Corridor)
• Dominant ground position
• Proprietary dataset of
innovative regional soil
geochemistry enabled
new targets to be defined
on Eyre Peninsula
3. EAST EYRE
Cu Au Ag
2. PETERLUMBO silver gold epithermal field
High grade silver discovery
at Paris confirms IVR approach
& potential for a new generation
of similarly developed silver
gold or copper targets
4. BUTE IOCG copper gold
Iron oxide copper gold (IOCG) deposit
Uranium
Lead zinc prospect
Gold deposit
Mullaquanna
1. PARIS SILVER DISCOVERY
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Slide 21
Priority 1. Paris silver prospect (90% of expenditure) Advanced drilling +10,000m (May 2012 onwards)
Metallurgical, environmental work & resource estimation
2. Other Peterlumbo silver targets First pass target drilling – 7,000m
(mid–late 2012)
3. New Eyre Pen. metal centres Scout drilling - 4,000m
(mid-late 2012)
4. Bute IOCG targets First pass drilling – 2,000m
(mid-2012 if accessible)
Aiming for a Paris silver resource later in 2012
Aggressive 23,000m drill program for balance of 2012 F
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The information in this presentation that relates to Exploration Results and Mineral
Resources is based on information compiled by John Anderson (BSc(Hons)Geol)
who is a member of the Australasian Institute of Mining and Metallurgy and is bound
by and follows the Institute’s codes and recommended practices. Mr Anderson is a
full-time employee of Investigator Resources Limited. He has sufficient experience
which is relevant to the styles of mineralisation and types of deposits under
consideration and to the activities being undertaken to qualify as a Competent Person
as defined in the 2004 Edition of the “Australasian Code for Reporting of Exploration
Results, Mineral Resources and Ore Reserves”. Mr. Anderson consents to the
inclusion in the report of the matters based on his information in the form and context
in which it appears.
Slide 22
Competent Person Statement F
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