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Polymetals Resources advances towards gold discovery at the Alahiné Gold Project in Guinea with auger drilling program

Published: 11:12 11 Feb 2022 AEDT

Polymetals Resources Ltd advances toward gold discovery at the Alahiné Gold Project in Guinea with auger drilling program

Polymetals Resources Ltd (ASX:POL) has kept the drill bit turning at the Alahiné Gold Project in Guinea, exploring an area believed to host a mineralised trend with an auger drilling program and confirming gold mineralisation.  

The company has already completed 604 holes for 7,372 metres of shallow auger drilling out of the 10,000 metres of exploration targeted. 

Initial results have confirmed the presence of a mineralised trend, with composite samples from beneath lateritic cover offering peak grades of 3.58 g/t gold and 0.93 g/t gold, results the company considers an encouraging indication of bedrock gold potential. 

Multiple Phase 3 targets have also been identified for future follow-up programs, highlighting the potential for a parallel gold mineralisation trend within the southeast quadrant of the Alahiné licence.

Laying the foundations for a gold discovery

“Polymetals has continued the great momentum of 2021 with a suite of geological work scheduled for the coming year across both our Alahiné and Mansala Gold Projects as we lay the foundations for a significant gold discovery,” Polymetals Resources CEO Alex Hanly said.

“The team is hard at work in the field, ensuring we position the company for exploration success in what is becoming arguably one of the best regions globally for greenfields gold discovery.

“The next few months will provide a consistent stream of news flow and results for our Siguiri Basin licences.

“We will announce further details of the upcoming Mansala drilling program and the final results from the Alahiné auger program shortly.”

Polymetals will now define additional targets on both the Alahiné and Mansala projects with an airborne magnetics survey schedule for March.

About Polymetals Resources

Polymetals Resources is focused on acquiring, exploring and developing gold projects in Guinea, West Africa.

The company’s key projects are Alahiné and Mansala. Polymetals’ license areas contain extensive historic and current artisanal gold production, highlighting the exploration potential in the region.

The Siguiri Basin hosts several large active gold mining operations and is known for its significant and widespread gold anomalism.

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