POLARIS METALS NL

Polaris Metals announced that field mapping and sampling at the Johnston Range project in the Central Yilgarn has identified significant new zones of haematite-goethite mineralisation, similar in style and surface extent to the Carina deposit. Mapping combined with a 46 rock chip samples have outlined two main zones of mineralization with Zone 1 consist of approximately 1000m long with a width to 40-50m exposed as a continuous low ridge of haematite and goethite. 8 rock chip samples averaged 62.1% Fe. And in Zone 2 consist of 2-3km long zone of discontinuous outcrop in low ridges containing haematite and goethite mineralisation. Three main sub-zones were identified ranging in length from 250-700m and with encouraging widths. Magnetics suggests greater continuity of BIF units than represented in outcrop. Results averaged 58.5% Fe.