• New zone of massive sulphides discovered south of Endeavor Mine
• Polymetals to significantly ramp up exploration activities
• Potential to extend Endeavor resource base and mine life

Polymetals Resources Ltd (ASX: POL) has announced highly encouraging geological observations from recent drilling at the Carpark prospect, situated south and slightly east of the Endeavor line of lode. Drillhole PCP018A has intersected multiple visually mineralised zones between 840 m and 910 m hole depth (700 - 750 m below surface). The observed mineralisation comprises multiple bands, up to 20cm true width, of massive to semi-massive sulphides containing galena, sphalerite, chalcopyrite, pyrite, and barite, which is typical of the silver-lead-zinc mineralisation of the Endeavor deposit. Although assay results of PCP018A are pending, the interval is interpreted to geologically correlate with historic hole DE138, and Polymetals' recent hole PCP018. PCP018A, traversed a zone about 120 m vertically below DE138, and 100 m below PCP018, respectively, extending the potential mineralised zone down-plunge. Visual inspection of these three drillholes suggests a potential body of mineralisation positioned deeper and to the south. The visual evidence from all three drill holes strongly supports the likely presence of a significant mineralised structure in this area. On this basis, Polymetals has sufficient confidence to accelerate exploration activity at Carpark, with follow-up drilling planned to test the extent of mineralisation to the south and at depth.

Polymetals is confident to significantly ramp up exploration activities at the Carpark prospect, with follow-up drilling planned to test the extent of mineralisation to the south and at depth. This could potentially lead to an organic growth of the Endeavor resource base, fill the mill, and extend mine life.