Company
PolarX Ltd
ASX:PXX
PolarX Ltd (ASX:PXX) is an Australian exploration and development company with a project portfolio exclusively in the United States. The primary interest is exploration and development of the Alaska Range Project, which contains the Caribou Dome Project and the Stellar Project. PolarX also has an interest in the high-grade Humboldt Range Gold-Silver Project in northwest Nevada, which comprises 177 lode mining claims and complements the Alaskan project, providing year-round exploration.
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PolarX to raise up to $2.88 million to fund Humboldt Range drilling
The company aims to raise $2.88 million in a renounceable rights issue to fund drilling at its Humboldt Range Gold Project in the US.
PolarX confirms Alaska Range Project economic copper-gold potential in positive scoping study
The study indicates that modest resource extensions at either Alaska Range deposit could materially enhance projected economic returns.
PolarX makes new gold-silver discovery at Golden Staircase in Nevada's Humboldt Range
Recent drilling at Star Canyon returned a bonanza assay of 9.1 metres at 124.36 g/t gold and 48.6 g/t silver within a potentially bulk mineable Carlin-style host system.
Rare earths & specialist minerals
PolarX undertakes further sampling after recent bonanza gold and silver hits at Black Canyon in the US
The company is currently cutting multiple continuous channel samples to test highly prospective outcropping mineralised vein systems at the Golden Staircase target.
PolarX hits 9.1 metres at 124 g/t gold in maiden RC drilling at Star Canyon in Nevada
This bonanza result sits within numerous wide lower-grade intersections less than 3 kilometres from the 5-million-ounce operating Florida Canyon Gold Mine.
PolarX launching supplementary placement to support drilling programs
Net proceeds of the second placement will primarily be used to fund the current drilling program at the Humboldt Range Gold-Silver Project in Nevada and the 2022 drilling program at the high-grade Caribou Dome copper deposit in Alaska.
PolarX makes strong start to Star Canyon drill program, mineralisation in all holes
Initial assay results are expected in four to six weeks, while PXX has moved the drill rig to the Fourth of July claim block to start a 10-hole program to test multiple targets for gold-silver mineralisation.
PolarX launches gold and silver drill campaign at Humboldt Range Project's Star Canyon prospect in Nevada
Along with gold, the company has uncovered anomalous levels of silver, lead and arsenic, consistent with observations of mineralised samples in the field.
PolarX launches rights issue to raise $2.19 million
Shares and options under the rights issue, which is part of a $4.7 million capital raising, are being made under a prospectus that will be lodged today.
PolarX to secure up to A$4.7 million in capital raising with drilling about to kick off in Nevada
Funds raised under the offers will be used to advance the company’s projects in the USA, including the initial drilling program at the Humboldt Range Project in Nevada, which kicks off next week.
PolarX on quest to grow high-grade copper resource at Caribou Dome in Alaska
“The high grades and the density of the mineralisation exceed our resource model and it remains open along strike and at depth," said executive chair.
PolarX fields high-grade copper up to 15% from multiple zones at Caribou Dome Project in Alaska
“Intercepts like 19 metres at 7% copper and 11 ppm silver are impressive by any measure. They help underpin the development potential for the project, which also has immense scope for expansion both along strike and at depth," says executiv
Rare earths & specialist minerals
PolarX unearths promising gold-silver target at Humboldt Range
Given the strong assays, PolarX has moved to secure a drilling permit and finalise a drilling contractor, with work expected to commence early next quarter.
PolarX prepares for drilling campaign at Humboldt Range Gold-Silver Project
PolarX is planning its first exploration drilling campaign for 2022, targeting silver-gold mineralisation in the Humboldt Range Project. Much like the rest of the industry, PolarX is experiencing extended assay result delays, which it expec
PolarX receives firm commitments for $1.4 million placement to fund exploration and development programs
The placement has attracted firm commitments from sophisticated and professional investors and will fund exploration and development programs across the company's US portfolio of assets.
PolarX completes busy period with four major exploration programs in four months, assays pending
Drilling is to planned start at the Nevada gold-silver prospects in the March quarter of 2022.
PolarX delivers busy quarter as it progresses copper, gold and silver projects in Alaska and Nevada
The company is focusing on the copper potential of the Caribou Dome Project in Alaska and the gold-silver potential of the Humboldt Range Project in Nevada.
PolarX expands Nevada landholding on confirmation of gold anomalies within Black Canyon lode
Soil and rock-chip sampling at PolarX's Black Canyon Lode have revealed large anomalous areas highly prospective for gold, with peak values of 512.7 g/t gold. PXX has subsequently staked 15 more claims in the area.
PolarX unearths new copper discovery at Caribou Dome Project in Alaska
“This discovery is a potential game-changer for PolarX because the same volcanic host rocks, along with multiple IP and geochemical targets, are widespread at Caribou Dome, meaning the exploration upside here is immense,” says MD.
PolarX hits thick copper-bearing massive sulphide zones in first three new holes at Alaskan project
The company has drilled four holes at the Caribou Dome Copper Project to provide samples of mineralisation for metallurgical test-work.
PolarX identifies three large gold-in-soil anomalies at Black Canyon within Humboldt Range Project
Generation of specific drill targets has already kicked off with permit applications for drilling planned later this quarter.
Rare earths & specialist minerals
PolarX has diamond drill spinning at highly prospective Alaskan massive sulphide copper targets
Results from PolarX’s drill programs will feed into the joint scoping study to evaluate mining and processing options for the Caribou Dome and nearby Zackly deposits, which will start this month.
PolarX set for strong news flow into 2022 as it advances Humboldt Range and Alaska Range projects in North America
The company has tier 1 copper, gold and silver assets - three of the most sought-after commodities located in the top five mining exploration and investment precincts in the world with political and fiscal stability.
PolarX hits its stride with 3.5-kilometre silver and gold anomaly at Fourth of July in Nevada
Just last month, the precious metals explorer opted to increase its landholding at Humboldt Range after it uncovered a suite of bonanza silver hits within the Fourth of July claims.
PolarX to kickstart diamond drilling of new massive sulphide copper targets at Caribou Dome
The upcoming drilling is also designed to provide high-grade copper in massive sulphides from Caribou Dome for metallurgical studies to advance a scoping study.
PolarX expands landholding at Humboldt Range Gold-Silver Project in US following bonanza silver hits
The additional 358 hectares secures extensions of known mineralised gold-silver veins and recently discovered mineralised breccias located during systematic sampling.
PolarX hits bonanza-grade silver with gold credits in first sample assays from Fourth of July at Humboldt Range
Assays of veins sampled at the Fourth of July claims in the Humboldt Range Project have revealed very high-grade silver (>1500 g/t) with gold credits.
PolarX advances Humboldt Range Gold-Silver Project with first assays from epithermal veins sampled expected in two weeks
Detailed geological mapping has started over the entire claim block and will incorporate previous mapping by Renaissance Exploration, Victoria Gold Corp and the US Geological Survey.
PolarX begins fieldwork at Humboldt Range Gold-Silver Project in Nevada aimed at establishing drill targets
The project is between two large active precious metal mining operations - Florida Canyon Mine (>5 million ounces gold) and Rochester Mine (>400 million ounces silver and >3 million ounces gold - and contains numerous historical mine workin
PolarX converts option to acquire highly prospective Humboldt Range Gold-Silver Project in Nevada, US
Combined with the field season at PolarX’s Alaska Range project, the Humboldt Range acquisition means the company will have year-round newsflow while leveraging its existing team and equipment in North America.
PolarX more than triples Fourth of July land under tenure at Humboldt Range Gold-Silver Project in Nevada
The Humboldt Range Project now comprises 273 lode mining claims in two groups: Black Canyon and Fourth of July.
PolarX gears up for a busy year with activities scheduled across Humboldt Range and Alaska Range
The company aims to secure a JV partner for the Alaska Range Project and is identifying drilling targets for Humboldt Range.
PolarX reels in A$5 million to advance projects in Alaska and Nevada
The company is “delighted” with the share placement which closed within 24 hours of opening and attracted strong support from existing Australian and overseas shareholders.
Rare earths & specialist minerals
PolarX in trading halt ahead of a capital raising
The company has started work programs to advance Zackly and evaluate its economic viability, either as a stand-alone project, or in some form of combined operation with Caribou Dome.
PolarX planning scoping study on its Zackly gold-copper-silver project in Alaska after receiving final drilling results from Zackly East
Zackly East final drilling results further confirms the conclusions reported in December that 4 kilometres of strongly magnetic structures are a high priority for further drilling as they are either known to be strongly mineralised or have
Rare earths & specialist minerals
PolarX verifies high-grade gold and silver with assays up to 37 g/t gold and 1590 g/t silver at several sites within Humboldt Range Project
The Humboldt Range Project extends PolarX’s activity and news-flow all year round and allows the Company to better leverage its existing team and equipment in North America.
PolarX targets year-round newsflow following acquisition of Humboldt Range Gold-Silver Project
The Humboldt Range project in Nevada has numerous high-grade gold-silver exploration targets.
PolarX sets sights on exploring new Humboldt Range Project in Nevada
The Humboldt Range project will complement the company’s Alaska Range Project, providing a longer field season for the company via access to another high-quality project in a Tier-1 jurisdiction.
PolarX secures exclusive option to acquire rights to high-grade gold-silver project in north-western Nevada
The option gives PolarX a 120-day exclusive period to finalise technical and legal due diligence on the project.
PolarX halted with news pending of proposed exploration project acquisition
Assays returned from 2020 drilling reveal high-grade gold and copper mineralisation at Zackly East prospect within the Alaska Range project and extend mineralisation by a further 200 metres.
PolarX assays extend Zackly East mineralisation with intersection of 5 g/t gold and 3.15% copper
Latest assays from the Alaska Range project have extended the length of the Zackly East discovery to 320 metres with another 2 kilometres of geologically similar structure to be tested.
Rare earths & specialist minerals
PolarX secures favourable amendments to Caribou Dome acquisition terms
The Caribou Dome Deposit forms part of the company’s Alaska Range Project and contains an existing mineral resource estimate of 2.8 million tonnes at 3.1% copper with about 60% of the mineral resource occurring within 150 metres of surface.
PolarX anticipates further Zackly East gold-copper assay results in near-term
The company recently completed a 23 hole, 3,131 metres core drilling program at its Zackly East gold-copper discovery in Alaska.
PolarX grows Zackly East with 69-metre near-surface intercept hosting 11.2 metres at 2.5 g/t gold and 1.1% copper
The recent drilling results from the Zackly East prospect are all outside the existing JORC resource estimate of 213,000 ounces of gold, 41,000 tonnes of copper and 1.5 million ounces of silver.
PolarX diamond drilling extends Zackly East mineralisation by further 320 metres
The company aims to extend known mineralisation a further 300 metres east of the existing drilling to take the overall strike length of Zackly East to 1.2 kilometres
PolarX has drill spinning at Zackly East gold-copper prospect in Alaska
A 3,000-metre drilling program has started at Zackly East, following up on the thick, high-grade gold and copper mineralisation intersected in holes drilled at the end of the 2018 field season.
Rare earths & specialist minerals
PolarX completes SPP raising $1 million progressing Zackly East drilling in Alaska
The SPP follows a $3.76 million placement which raised funds for drilling at the Zackly East gold-copper skarn.
PolarX extends SPP closing date following strong demand
A 3,000-metre drilling program at the Alaska Range Project is set to begin next week with rigs and its geological support team due to arrive on-site by July 15.
PolarX will start drilling Zackly Copper-Gold Project in Alaska next week
A contract for a 3,000-metre core drilling program has been executed with rigs and geological support team scheduled to arrive on-site by July 15.
PolarX substantial holder Golden Hill Investments increases holding to 6.133%
The company’s SPP follows a $3.76 million placement which raised funds for drilling at the Zackly East gold-copper skarn.
PolarX opens share purchase plan to raise a further $1 million
The SPP follows a $3.76 million placement which raised funds for drilling at the Zackly East gold-copper skarn.
PolarX has busy schedule ahead with drilling to kick off at Zackly East and search for Mars and Saturn partner
The company is aiming to increase the resource at its Alaska Range Project through drilling.
PolarX completes $3.76 million placement, prepares to begin Zackly East drilling
Funds from the placement will be used to undertake drilling at Zackly East, following up on thick, high‐grade gold and copper mineralisation.
Rare earths & specialist minerals
PolarX prepares for Zackly East drilling following strongly supported $3.76 million placement
The funds will be used to undertake a drilling program of 15‐20 shallow holes at Zackly East, following up on thick, high‐grade gold and copper mineralisation.
PolarX in back-to-back trading halts ahead of a capital raising news
The company’s Zackly East prospect is 800 metres from the existing Zackly Main resource of 41,000 tonnes of copper, 213,000 ounces of gold and 1.5 million ounces of silver.
PolarX plans follow‐up drilling for gold-copper at Zackly East in Alaska
Zackly East is just 800 metres from existing Zackly Main Resource of 41,000 tonnes of copper, 213,000 ounces of gold and 1.5 million ounces of silver from surface.
PolarX directors demonstrate confidence in Alaskan copper-gold strategy with on-market purchases
The Alaska Range Project contains the Caribou Dome Project and the Stellar Project, covering 262 square kilometres with around 35 kilometres strike length containing extensive copper‐and gold‐in‐soil anomalism.
PolarX plans to secure earn-in joint venture to fund exploration at Stellar Project, Alaska
The Alaska Range Project contains the Caribou Dome Project and the Stellar Project, covering 262 square kilometres with around 35 kilometres strike length containing extensive copper‐and gold‐in‐soil anomalism.
Rare earths & specialist minerals
PolarX managing director buys company shares
The company is exploring its flagship Alaska Range Project in Alaska, which is split into the Zackly Claims, Stellar Project, and Caribou Dome Project.
PolarX identifies 600 metre copper-gold strike potential at Alaska Range Project
The company intends to pursue the porphyry targets at Mars and Saturn with funding to be provided through an earn‐in joint venture arrangement.
Rare earths & specialist minerals
PolarX gains new substantial shareholder in Golden Hill Investments
PolarX is focused on its Alaska Range Project in Alaska prospective for copper, gold and silver.
PolarX to retain 100% interest in Stellar Project and seek new partner
A process has now been initiated to secure an alternative source of earn‐in funding for the Stellar porphyry targets.
Polarx in trading halt ahead of strategic partnership with Lundin Mining
Last month, Polarx intersected 102 metres at 0.22% copper,0.07 g/t gold and 20 ppm molybdenum from 308 metres depth at its Mars Prospect.
Rare earths & specialist minerals
PolarX reveals discovery assays from first diamond hole at Mars porphyry target
A 102-metre intersection has confirmed the discovery of a porphyry style copper-gold-molybdenum system.
PolarX remains focused on Alaska Range project
At September 30, 2019, the company had more than 416 million ordinary shares and 33.8 million unlisted options on issue and cash of around A$3.4 million.
PolarX hits more than 400 metres of mineralised porphyry-style veins at Alaska Range; shares up
The Mars target comprises an aero-magnetic anomaly with an associated copper-gold-molybdenum soil anomaly which extends over an area covering 1,500 metres by 800 meters.
PolarX identifies porphyry-style veins and potential deep porphyry source in Alaska Range drilling
The program will assess the geochemical and geological anomalies at the Mars and Saturn prospects which are some of many unexplored advanced targets along the project’s 35-kilometre mineralised belt.
PolarX commences diamond drilling at Saturn porphyry target
Drilling follows a recent induced polarisation (IP) survey that identified large porphyry-like anomalies at the Saturn prospect.
PolarX cashed up and set for active 2019 field season: Independent Investment Research
With an enterprise value of about $30 million, PolarX is well leveraged to positive exploration news with the potential to return significant value to shareholders.
PolarX to drill Saturn porphyry target this month
A survey will commence at Saturn this week to finalise drill hole locations.
PolarX raises $3.4 million from rights issue for copper, gold drilling in the Alaska Range
PolarX is advancing the rapidly growing, shallow copper and gold potential at Zackly in the Alaska Range.
PolarX outlines rights issue to fund upcoming exploration
Exploration will focus on the company’s Zackly and Caribou Dome deposits, which are not part of the recent earn-in option with Lundin Mining.
PolarX secures $4.3 million investment from Lundin Mining for Alaskan copper-gold earn‐in option
Exclusive option to earn a 51% interest in PolarX’s Stellar Project by staged spending of US$24 million on exploration and staged payments to PolarX of US$20 million.
PolarX enters trading halt pending details on strategic investment
The company is focussed on the exploration and development of its Alaska Range Project in Alaska.
PolarX confirms large copper-gold porphyry target in 3D modelling at Alaska Range project
Results confirm that the Saturn prospect is a large cylindrical magnetic body, extending from near surface to a depth of about 3 kilometres.
Arrow Minerals appoints new chair as Independence Group advances project in Fraser Range
The Plumridge project in WA is a joint venture with Independence Group (ASX:IGO).
PolarX final assays support resource upgrade potential
Latest drill results have extended the depth of the Main Skarn at Zackly.
PolarX outlines rapid expansion at Alaska Range Project
The project has upside potential for larger porphyry copper‐gold discoveries.
Investments and investor services
PolarX substantial shareholder JPMorgan Chase & Co boosts interest to 9.73%
Subsidiary JPMorgan Asset Management (UK) Limited has acquired further shares with a value of $340,000.
PolarX completes $1.26 million placement for Alaska Range Project
The company has made significant progress on its Alaska Range Project this year.
PolarX secures $1.26 million funding from share placement
As the copper-gold JORC resource is expanded, so are the potential project economics.
PolarX enters trading halt ahead of capital raising
The company has added substantial size to its Alaska Range copper-gold skarn mineralisation in 2018.
PolarX enhances copper-gold potential of Alaska Range Project: Independent Investment Research
The 2018 drilling has added significant size to the Zackly copper-gold skarn mineralisation.
PolarX closing in on potential copper-gold discovery at Mars
Importantly, the results directly coincide with an IP anomaly 100‐150 metres below the surface.
PolarX copper-gold results reinforce potential for large open pit at Zackly
Broad near-surface intersections have been returned from drilling near the existing inferred resource.
PolarX survey confirms porphyry copper-gold potential at Zackly SE in Alaska
A new high-resolution aeromagnetic survey has provided a significant improvement in resolution.
Arrow Minerals managing director increases stake amid Strickland drilling campaign
The full results of the 14,000-metre drilling campaign are expected by December.
PolarX’s efforts may update resources at ‘open-pittable’ Alaska Range Copper-Gold Project
The project includes the “smoking gun” deposit Zackly which contains an inferred resource of 41,200 tonnes of copper, 213,000 ounces of gold and 1.5 million ounces of silver, with mineralisation continuing 100 metres below the bounty.
PolarX extends new high-grade copper gold zone at Alaska Range with thick drill intervals
The new zone lies 850 metres along strike from the existing Zackly JORC resource.
PolarX drills 15 metres at 2.3% copper and 2.2 g/t gold
Drill results continue to reveal the large growth potential of the Zackly copper-gold deposit.
PolarX drills out more near-surface, high-grade copper gold silver
The company continues to drill mineralisation outside the JORC resource boundary.
PolarX derisks Alaska Range Copper-Gold Project with exploration
The project includes the “smoking gun” deposit Zackly which contains 41,200 tonnes of copper, 213,000 ounces of gold and 1.5 million ounces of silver.
PolarX hits up to 3.2% copper and 9.3 g/t gold below Zackly resource at Alaska Range
Mineralisation is extended below the inferred resource of 41,000 tonnes of copper, 213,000 gold ounces and 1.5 million silver ounces.
PolarX hits high-grade gold and copper, Alaska Range resource increase expected
Alaska Range hosts a resource of 127,000 tonnes of copper, 213,000 gold ounces and 1.5 million silver ounces.
S&P Global Market Intelligence highlights 83% reduction in major copper discoveries
The drop-off in discoveries of more than 500,000 tonnes was experienced despite a 114.5% increase in exploration expenditure between the two periods.
PolarX drills out visible copper sulphides in latest hole at Zackly
Funding was recently secured to accelerate exploration and development activities.
PolarX attracts $3.9 million to accelerate exploration activities at the Alaska Range Project
Funds to be used for airborne/ground geophysical surveying and preliminary drilling.