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Polymetals Resources tests Siguiri-style oxide gold potential across Alahiné licence in Guinea The company continues to investigate new business development opportunities within the Siguiri Basin as well as advanced mining opportunities in Australia in a bid to diversify its asset base. Phase-2 drilling at the North Alahiné prospect in Guinea. Polymetals Resources Ltd (ASX:POL) is testing the potential for Siguiri-style shallow oxide gold across its Alahiné licence within the Guinea section of the prolific gold-producing Siguiri Basin, with a team of geologists including a senior POL geologist on site managing the phase-2 drilling program. The focus is to test the lateral and vertical extent of the phase-1 hole 14 gold mineralised zone as well as areas enclosed by the 40 ppb gold-in-soil contours generated from two previous geochemical soil sampling campaigns. ....
Resources Top 5: New discoveries and imminent gold drilling results Mining share Gold explorer Megado has assays pending A drilling program at Scorpion–Fenix’ Pharos Iron Ore JV will be accelerated Here are the biggest small cap resources winners in morning trade, Wednesday July 21.
Investors agreed, sending the $38m market cap explorer up ~40% in early trade. New drilling results from 11 diamond drill holes at the Dikaki Prospect – one of 18 at Kroussou confirmed shallow high-grade zinc and lead mineralisation within 40m of surface. Highlight hits include 13.5m @ 5.3% Zn+Pb from 12.8m. “The results support the potential for a large-scale shallow, flat-lying, broadly mineralised system with possible continuity across multiple zones which could allow simple open pit mining extraction,” the company says. ....
Polymetals Resources Ltd begins 5,100-metre drill campaign at Alahiné in Guinea proactiveinvestors.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.com.au Daily Mail and Mail on Sunday newspapers.