Polymetals Resources Identifies High-Grade Gold Mineralization at New South Wales Mine; Shares Up 6%

MT Newswires Live

Jul 22

Polymetals Resources (ASX:POL) identified high-grade mineralization during its ongoing underground diamond drilling program targeting the upper Main Lode at the Endeavor Mine in New South Wales, according to a Wednesday Australian bourse filing.

The results were up to 96.6 meters at 604 grams per tonne silver equivalent, comprising 390 grams per tonne silver, 8.8% zinc and 5.4% lead.

The drilling confirmed continuity of high-grade mineralization adjacent to existing underground development while an updated mineral resource estimate is targeted for release in later 2026, the filing added.

The company's shares rose past 6% in recent Wednesday trade.

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