Polymetals Resources Ltd

31/08/2022

CEO Alex Hanly zoomed into The Australian Mining News ASX - Resources Roadhouse to provide Wally Graham with an update on recent activities.

Polymetals Resources (ASX: POL) listed last year with the aim of developing its gold projects in Guinea.CEO Alex Hanly zoomed into The Resources Roadhouse to...

25/08/2022

The recently completed 500 line-kilometre airborne magnetic survey has identified eight targets within our wholly owned Mansala Gold Project in Guinea, West Africa.

The objective of the approximately 500-line km survey was to provide detailed data to determine the structural controls of mineralisation and information on the nature and disposition of host rocks currently obscured by lateritic cover.

The geophysical data has been processed and an initial geological interpretation and target generation program has been carried out with eight high order geophysical targets identified.

Project Manager, William Pountney said;

‘’We are excited about the outcome of the magnetic survey and the structural features associated with the very prospective Area F at the Mansala Gold Project. The high-grade pit sampling trend defined as Area F, identified within previous campaigns, is coincident with an interpreted felsic intrusive (Cupola), faults and folded units. These structural features are known criteria for large Siguiri style gold deposits within the region and provide the Company with additional confidence in targets for our next drill program.
“In addition to identifying prospective gold zones within the Mansala tenement, the survey has provided the Company with additional vectors to explore for new targets within the licence. The team looks forward to both a productive field season and commencing Mansala’s first AC/RC drill programme.”

For the full ASX Announcement: bit.ly/3AlD8SL

15/08/2022

"The positive results from our phase three drilling program at the Alahiné Gold Project has once again reinforced the prospectivity of the licence as we plan future drilling programs,” said CEO Alex Hanly.

🗞️ Polymetals Resources delivers broad zones of higher-grade gold at Alahiné in Guinea | Covered by Proactive.

"The positive results from our phase three drilling program at the Alahiné Gold Project has once again reinforced the prospectivity of the...

15/08/2022

Alahiné Gold Project, delivers 16m @3.01 g/t gold: bit.ly/3w4990g

Highly encouraging assay results received from the Phase 3 drilling program at our Alahiné Gold Project, located in Guinea’s Siguiri Basin, West Africa.

The objective of Polymetals’ efforts at Alahiné is to discover “Siguiri-style” mineralisation akin to the AngloGold Ashanti (ASX:AGG, NYSE:AU) >10Moz Siguiri Gold Mine, located 37km west of the Alahiné licence.

Numerous higher grade zones and broad zones of strong, shallow mineralisation were intersected. Additional "Siguiri-style" mineralisation discovered, with strike confirmed along the major NNE trend.

19/07/2022

In this interview, CEO Alex Hanly discusses Polymetals Resources’ search for a discovery in Guinea similar in style to AngloGold Ashanti’s Siguiri Gold Mine, which is recognised for its modest grade, large tonnage and low strip ratio. AngloGold’s massive gold mine is located just 37km west of the Polymetals licences.

07/07/2022

Polymetals’ CEO Alex Hanly recently sat down to chat with Peter Taylor to discuss its exploration activities to date in Guinea and importantly, the fundamentals of the “Siguiri Style Mineralisation” they are seeking.

📺 To watch, click the link below:

04/07/2022

A Reverse Circulation drilling program is currently underway at our Alahiné Gold Project in the Siguiri Basin, Guinea.

The Phase 3 RC drilling programme is concentrated on numerous targets generated during previous drilling campaigns. Infill drilling will continue to define the 4km of interpreted strike within the Alahiné licence's highly prospective NE quadrant.

The program aims to test broad areas of Siguiri-style mineralisation similar to the AngloGold Ashanti +10Moz Siguiri Gold Mine, which is located 37 kilometres west of the Alahiné licence.

Initial assay results are expected July 2022.

08/06/2022

The previously released Mansala pit sample assays were collected from the walls of abandoned artisanal mining shafts as well as directly from active artisanal workings.

Mansala exploration is still ongoing, with airborne magnetic survey results expected in Q3 2022 and a drilling programme planned for the Mansala licence.