Polymetals (ASX:POL) - CEO, Alexander Hanly
CEO, Alexander Hanly
Source: Polymetals
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  • Polymetals (POL) begins a 5000-metre auger drilling program at its Mansala Gold Project in Guinea, West Africa
  • A total of 805 holes will be drilled on a 100 metre by 50-metre drill pattern over six delineated zones
  • The aim of this drilling is to test six mineralised gold-in-soil anomalies and associated pathfinder elements including arsenic, silver, bismuth, molybdenum and tungsten
  • Polymetals hopes this program will provide it with aircore and reverse circulation (RC) drill targets within a previously undrilled licence
  • Polymetals ends the day 7.41 per cent in the red with shares trading at 12.5 cents

Polymetals (POL) has begun a 5000-metre auger drilling program at its Mansala Gold Project in Guinea, West Africa.

A total of 805 holes will be drilled on a 100 metre by 50-metre drill pattern over six delineated zones.

The aim of this drilling is to test six mineralised gold-in-soil anomalies and associated pathfinder elements including arsenic, silver, bismuth, molybdenum, antimony, tungsten and tellurium.

The significance of these responses is unknown but may be indicative of mineralisation at depth.

Polymetals hopes this program will provide it with aircore and reverse circulation (RC) drill targets within a previously undrilled licence.

“Mansala has been subject to widespread artisanal activity, suggesting the area is highly prospective for gold. We are very excited to commence our first drilling on the property,” CEO Alex Hanly commented.

“The planned 5000-metre auger program is designed to test the coincident gold in soil and multi-element signatures present within the data from our previous soil sampling campaign at the Mansala licence.

“The systematic auger drilling of these multi-element and gold soil anomalies in addition to the upcoming Airborne magnetics survey, will provide Polymetals with a strong foundation for further exploration within the Mansala licence.”

Polymetals has ended the day 7.41 per cent in the red, with shares trading at 12.5 cents in a $10.72 million market cap.

POL by the numbers
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