Polymetals Phase 2 RC Drilling Programme Expansion

Polymetals Resources Ltd (ASX: $POL) has completed its Phase 2 RC drilling programme at the Carpark prospect, revealing potential for an underlying sulphide source. The on-site XRF analyses of RC drilling indicate the presence of a highly anomalous zone over an area of approximately 60m X 60m, displaying similar Pb & Zn values, alteration, and mineralization as the Main Lode orebody 150m to the North. The company has announced the immediate commencement of diamond drilling to test the down dip potential of the current drill intercepts within the well-defined target.

Executive Commentary on Carpark Prospect Expansion

The completion of the Phase 2 RC drilling programme at the Carpark prospect marks an important milestone for Polymetals. The on-site XRF analyses have provided encouraging indications of a potential underlying sulphide source, which has prompted the immediate commencement of diamond drilling to further explore this prospect. We are optimistic about the prospects of uncovering valuable mineral resources through this expanded drill programme and remain committed to our exploration and development initiatives. This development aligns with our strategic goal of becoming a consistent and profitable base and precious metal producer, further strengthening our position in the mining and exploration sector.

Summary of Polymetals Carpark Prospect Expansion

Polymetals Resources Ltd (ASX: $POL) has successfully completed the Phase 2 RC drilling programme at the Carpark prospect, revealing the potential for an underlying sulphide source. The on-site XRF analyses have indicated the presence of a highly anomalous zone, prompting the immediate commencement of diamond drilling to further explore the down dip potential of the current drill intercepts within the well-defined target. This development underscores Polymetals' commitment to organic growth and strategic acquisition opportunities, as it seeks to become a long-term, consistent, and profitable base and precious metal producer. The company's exploration and development initiatives continue to show promise, positioning Polymetals for potential future success in the mining and exploration industry.