UML Drilling Completed

• Final assay results received from Upper Main Lode drilling program.
• Drilling tested oxidised and supergene zone above Mineral Resource.
• Significant results include 14.2 m @ 494 g/t Ag, 7.1% Pb, 4.8% Zn, 0.76% Cu and 0.75 g/t Au (POL038).

Polymetals Resources Ltd (ASX: POL) has reported the final assay results from the Upper Main Lode drilling program at its Endeavor silver-zinc-lead mine near Cobar, New South Wales. The drilling program successfully tested a new geological interpretation and defined the geometry and continuity of previously unrecognized in-situ mineralization, culminating in a new Upper Main Lode Mineral Resource. The latest drilling focused on the oxidized and supergene zone above the predominantly sulphidic Mineral Resource, where weathering has resulted in strong metal zonation and substantial grade variability. Significant results include 14.2 meters at 494 g/t Ag, 7.1% Pb, 4.8% Zn, 0.76% Cu, and 0.75 g/t Au from hole POL038. Development mapping, face sampling, and grade control are planned to define the local distribution of mineralization within this highly variable zone.