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Polymetals Resources Ltd. ( (AU:POL) ) has issued an announcement.
Polymetals Resources Ltd has announced the discovery of a new zone of massive sulphides at the Carpark prospect, located south of the Endeavor Mine. This discovery, characterized by mineralized zones containing galena, sphalerite, chalcopyrite, pyrite, and barite, has prompted the company to accelerate its exploration activities. The visual evidence from recent drill holes suggests a significant mineralized structure, leading Polymetals to plan further drilling to test the extent of the mineralization. This development is expected to enhance the company’s resource base and potentially extend the mine life, providing a strategic advantage in the mining sector.
The most recent analyst rating on (AU:POL) stock is a Hold with a A$1.50 price target. To see the full list of analyst forecasts on Polymetals Resources Ltd. stock, see the AU:POL Stock Forecast page.
More about Polymetals Resources Ltd.
Polymetals Resources Ltd is a company operating in the mining industry, primarily focused on the exploration and development of mineral resources. The company is engaged in identifying and extracting valuable minerals, with a particular emphasis on silver, lead, and zinc deposits.
Average Trading Volume: 823,058
Technical Sentiment Signal: Buy
Current Market Cap: A$361.5M
See more insights into POL stock on TipRanks’ Stock Analysis page.