Significant upgrade of the Paris Silver Mineral Resource to 42Moz contained silver
In mid April 2017, the Company announced the upgrade of the Paris Silver Resource to 42Moz contained silver through an increase in grade and tonnage, with 55% of the contained ounces elevated to Indicated Classification.
Total Mineral Resource estimated at 9.3Mt @ 139g/t silver and 0.6% lead; for 42Moz contained silver and 55kt contained lead (based on 50g/t silver cut-off grade). The Indicated component is 4.3Mt @ 163g/t silver and 0.6% lead; for 23Moz contained silver and 26kt contained lead. The high grade and additional ounces confirm Paris as possibly the best undeveloped silver deposit in Australia.
The increased confidence in the resource enables Investigator to continue with prefeasibility studies including mine design, local water supply and metallurgical extraction. The objective is to develop Paris as a high-grade open-pit mining project. The prefeasibility study is scheduled for completion in the third quarter of 2017.