Polymetals Resources Ltd. announced highly encouraging assay results received from the Phase 3 drilling program at its Alahiné Gold Project (Alahiné), located in Guinea's Siguiri Basin, West Africa. The objective of Polymetals' efforts at Alahiné is to discover "Siguiri-style" mineralisation akin to the AngloGold Ashanti >10Moz Siguiri Gold Mine, located 37km west of the Alahiné licence. The company recently completed the Alahiné Phase 3 drilling program, which comprised 74 Reverse Circulation (RC) drill holes on 17 traverse lines for a total of 6,385m.

Drilling commenced 14 June 2022 and was completed 05 July 2022. The drilling program was conducted by OreSearch Drilling, with an average hole depth of 85m and the deepest hole being 150m. Most of the holes were angled at -60° at an azimuth of 270° with 6 test holes at an azimuth of 90° and 10 holes at an azimuth of 310° to test targets based on mapped geology.

Samples were submitted for fire assay at the SGS laboratory in Bamako, Mali. POL confirms strike continuity The Phase 3 drilling program at the Alahiné Gold Project focussed on confirming the strike continuity and down-dip extent of mineralised intersections reported from previous drilling programs. In addition, the program aimed to extend mineralisation to the south, along strike of the known mineralised areas. Gold is associated with quartz-carbonate-pyrite veins and veinlets within zones of moderately silica-carbonate altered Birimian metasedimentary rocks.

In addition to the quartz vein hosted gold, broad intervals of felsic intrusive-hosted narrow quartz veins are mineralised with the gold associated with fine grained disseminated pyrite. Mineralisation appears to boudinage (swell and pinch) along strike and remain open at depth in the southern half of the mineralised zone. The drilling intersected mineralisation on infill drill traverses along strike, down-dip and up-dip of follow-up previous drill holes.

Drilling has also successfully demonstrated continuity of mineralisation over a strike length of 1700m. In addition, better grades and thicknesses were noted in the 500m interval from 1293950N to 1294450N.