Investigator Resources Limited ('Investigator') (ASX: IVR) is pleased to advise that the interpretative work on recently acquired gravity and magneto-telluric ('MT') data has further refined the Maslins target.

Drill testing by Investigator and its project partner, OZ Minerals Limited ('OZ Minerals') (ASX: OZL) will commence in January 2020.

Investigator's Managing Director, Andrew McIlwain said: 'The new geophysical data has enabled us and our partner OZ Minerals to commit to drill the Maslins target. The detailed geophysical data acquired during the October survey has enabled refinement of the interpreted bodies and has provided confirmation that the conductive flare previously identified is coincident with the gravity anomaly in the target area. This work has allowed improved targeting for drill testing.

'A series of drill holes have been proposed, with the Exploration Management Committee approving 3 holes to be drilled under the first stage of the Heads of Agreement with OZ Minerals. A Heritage Survey is scheduled for later this month in preparation for rig mobilisation and drilling in January 2020'.

As announced on 3 October 2019, data was acquired from an additional 233 gravity and 58 MT stations across the Maslins anomaly - focussing on the southern extent of the target. This work was undertaken as the first component of the agreement with OZ Minerals. The newly acquired data was tied-in with the historical data and interpreted by Investigator's geophysical consultants and in conjunction with OZ Minerals' staff.

Importantly, the MT resistivity inversion shows a distinct hole in the inversion surface. This depression in the inversion surface reflects the position of the conductive MT anomaly which clearly intersects the gravity anomaly. The conductive feature, or flare, was previously identified in regional data acquired by both Geoscience Australia through their AusLAMP initiative and Investigator (as reported to the ASX on 24 July 2018) and is interpreted as representing a conductive, mineralised fluid flow pathway originating from the upper mantle.

The recent infill MT surveying, which incorporated both Audio-MT and Broadband-MT stations has narrowed the radius of the MT conductive feature from an approximately 6 km to 2km.

In collaboration with OZ Minerals, the planned drill holes have been prioritised and the Heritage Clearance survey for these 3 drill collar locations, as well as a number of alternate and additional holes, are planned to be completed by the end of this month. This provides capacity to continue drilling should the initial holes be deemed successful. Award of the tender for the drilling program is being finalised with mobilisation scheduled for January 2020.

About Investigator Resources

Investigator Resources Limited is a metals explorer with a focus on the opportunities for silver-lead, copper-gold and other metal discoveries. In addition to the Maslins IOCG Project, Investigator's assets include the 100% owned Paris Silver Project in South Australia and other prospective tenements within the State.

About the OZ Minerals Earn-In

In July 2019 Investigator entered into a Heads of Agreement with OZ Minerals in which OZ Minerals can earn up to a 70% interest in the Maslins IOCG Project through a 3-stage program and the expenditure of $10 M over 5 years. Stage 1 of the Earn-In requires Oz Minerals to spend a minimum of $1.4 M by 12 July 2020.

Contact:

Mr Andrew Mcllwain

Tel: +61 8 7325 2222

Email: info@investres.com.au

(C) 2019 Electronic News Publishing, source ENP Newswire