PolarX Ltd (ASX:PXX) has commenced drilling at the Zackly area within the Alaska Range Project as part of its strategy to rapidly grow the existing JORC resource and start feasibility studies.
Two drills are on site and will drill about 5,000 metres in 23 holes designed to expand the known high-grade Zackly copper-gold skarn deposit along strike and at depth.
Helicopter slinging in fly rig components
Zackly already has a resource of 41,000 tonnes of copper, 213,000 ounces of gold and 1.5 million ounces of silver from surface over a strike length of 1 kilometre.
The mineralisation remains open at depth and along strike at each end and provides an immediate opportunity to create further substantial value for investors.
READ: PolarX concludes $2.52 million raise for Alaska Range copper‐gold project
The company recently completed a share placement to raise about $2.52 million from existing major shareholders and new investors via the issue of shares at 10.5 cents each.
The Alaska Range Project also includes the Caribou Dome deposit, which has a JORC resource of 2.8 million tonnes at 3.1% copper, containing 85,500 tonnes of copper.