Sydney, Dec 15, 2005 AEST (ABN Newswire) - Australian Polaris Metals NL (ASX: POL)("Polaris") are pleased to announce significant results from the re-sampling of previously assayed composite intervals in exploration rotary air blast (RAB) holes testing targets in the Yarbu and Clampton North prospects, in the Southern Cross region, Western Australia.
Results from holes YBRB027 and CNRB022 were previously announced on 22 November 2005 as significant new discoveries of gold mineralisation.
Composite samples from RAB drill holes which are anomalous in gold are routinely re-sampled at one metre intervals and re-assayed. In both of the holes mentioned above, unexpected higher gold grades were encountered in a number of samples. The higher gold grades increase the Company's confidence in the gold potential of the Yarbu and Clampton North prospects.
Follow up programs of RAB drilling are currently planned for commencement in January 2006, to be followed by deeper reverse circulation (RC) drilling seeking grade enrichments and primary mineralisation at depth.
Polaris holds an option to acquire 95% interest in the prospecting licences covering the Yarbu RAB target and is earning 80% interest in the Clampton North prospect, with the remaining 20% held by Cape Lambert Iron Ore Ltd (formerly International Goldfields Limited).
Contact
Tel: +61 8 94813030
Fax: +61 8 94813031
Email: info@polarismetals.com.au
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