Investigator Silver targets a bigger Paris project with 30,000m drilling
Investigator Silver has begun a fully funded 30,000-metre drilling campaign at its Paris Silver Project in South Australia, targeting resource growth and extensions beyond the current mine plan. Assay results will arrive progressively, making the next few months a test of whether recent high-grade hits can translate into a larger, higher-confidence mineral inventory.
- 30,000m fully funded drilling program underway at Paris
- Targets Paris East, Paris North and broader Silver Corridor
- Campaign seeks resource growth and category upgrades
- Drilling will test extensions beyond the current DFS mine plan
- Assay results expected progressively over coming months
30,000m Paris drilling campaign begins
Investigator Silver Limited (ASX:IVR) has started a fully funded approximately 30,000-metre drilling program at its 100%-owned Paris Silver Project in South Australia. The campaign is aimed at growing the project’s silver resource, upgrading mineralisation into higher-confidence resource categories and testing extensions beyond the mine plan defined in the February 2026 Definitive Feasibility Study.
The timing follows recent drilling that identified multiple high-grade silver intersections at Paris East and Paris North. Investigator says the new work will also test priority targets across the broader Paris Silver Corridor, including mineralisation within and beyond the current DFS footprint.
Resource growth remains a target, not an addition
Paris currently carries a JORC 2012 Mineral Resource of 24 million tonnes at 73 grams per tonne silver and 0.41% lead, containing 57 million ounces of silver and 99 kilotonnes of lead. Its 2026 Ore Reserve stands at 12 million tonnes at 88 grams per tonne silver for 33 million ounces.
Those figures provide the baseline for the drilling campaign, but the announcement does not report new assays or a revised resource. Any increase in contained metal, mine life or project economics will depend on the results of drilling, geological interpretation and subsequent resource work. The company says results will be released progressively as assays are received and interpreted.
Drilling runs alongside development work
Managing Director Lachlan Wallace said recent results were among the best silver results recorded at Paris and had reinforced the company’s view that the mineralised system could extend beyond the current DFS mine plan. “This program is specifically designed to improve our understanding of the broader mineralised system and unlock additional value around the existing resource,” Wallace said.
Mining lease permitting, detailed engineering and financing activities are advancing in parallel, according to Investigator. That puts the drilling in a consequential position: it may improve the geological case for Paris while the company works through the approvals and funding required to move the project towards development.
Bottom Line?
The immediate catalyst is a stream of assay updates, but the key question is whether exploration success can be converted into a formally larger resource and a stronger mine plan.
Questions in the middle?
- How much of the drilling will convert inferred mineralisation into indicated or measured resources?
- Will results outside the current DFS mine plan support a larger pit or longer mine life?
- How will any resource growth affect the project’s permitting, financing and development requirements?
