RC drill rig at the Alahiné Gold Project. Source: Polymetals
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Polymetals (POL) begins its phase three reverse circulation (RC) drilling program at its Alahiné Gold Project in Guinea, West Africa
  • This phase three program will focus on multiple targets identified during previous drilling programs with an aim of testing the strike continuity of the mineralised zone
  • A total of 35 holes will test the strike extents of the mineralisation identified in previous programs while a further 13 holes will test the up-dip and down-dip extents
  • Polymetals has also completed the aeromagnetic survey at Alahiné and expects to release the results sometime this month
  • Shares in Polymetals are steady and are trading at nine cents at 3:50 pm AEST

Polymetals (POL) has begun its phase three reverse circulation (RC) drilling program at its Alahiné Gold Project in Guinea, West Africa.

This phase three program will focus on multiple targets identified during previous drilling programs with an aim of testing the strike continuity of the mineralised zone.

A total of 35 RC holes, for 3170 metres, have been planned to test the strike extents of the broad zones of mineralisation identified in previous programs while 13 RC holes, for 1510 metres, will test the up-dip and down-dip extents of the mineralised zones.

Results from previous drilling include seven metres at 1.63g/t gold, 10 metres at 1.14g/t gold and 10 metres at 1.32g/t gold.

Further, this phase three drilling will also target previous end-of-hole intersections which include one metre at 21.40g/t gold and one metre at 11.56g/t gold.

Polymetals expects to release the initial results from the RC program in July.

The company has also completed the aeromagnetic survey at Alahiné and expects to release the results sometime this month.

Any follow-up targets will be included in this phase three drilling program.

Shares in Polymetals were steady and were trading at nine cents at 3:50 pm AEST.

POL by the numbers
More From The Market Herald
Ballymore Resources (ASX:BMR) - Non Executive Chairman, Nick Jorss

" Ballymore Resources (ASX:BMR) begins drilling in Queensland

Ballymore Resources (ASX:BMR) has begun drilling at the Matthews Pinnacle and Seventy Mile Mount prospects in…
Ballymore Resources (ASX:BMR) - Non Executive Chairman, Nick Jorss

" Ballymore Resources (ASX:BMR) intersects significant assays at Seventy Mile Mount

Ballymore Resources (ASX:BMR) has intersected significant assays in its initial drilling program at the Seventy Mile…

" Ballymore Resources (ASX:BMR) begins stage one drilling at Ruddygore

Ballymore Resources (ASX:BMR) has begun stage one drilling at the Ruddygore Prospect in North Queensland.

" Ballymore Resources (ASX:BMR) confirms displacement of Duffer lode at Dittmer mine, QLD

Ballymore Resources (ASX:BMR) has confirmed through diamond drilling that the historic Duffer lode at its Dittmer…