Polymetals Resources Confirms Broad Zones of High-Grade Mineralization at New South Wales Mine

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Polymetals Resources (ASX:POL) confirmed broad zones of high-grade silver-lead-zinc mineralization in the upper Main Lode at its Endeavor Mine in New South Wales, according to a Wednesday filing with the Australian bourse.

The first 12 underground diamond holes of the 34-hole campaign intersected 45 meters at 197 grams per tonne (g/t) silver, 8.9% zinc, 11% lead and 0.2% copper, and 33 meters at 209 g/t silver, 9.9% zinc, 8.1% lead and 0.2% copper, the filing said.

The underground drilling program will continue to improve geological confidence, assess continuity of mineralization and support evaluation of potential mining opportunities within the area, per the filing.

Shares rose nearly 2% in morning trade Wednesday.

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