PolarX Ltd (ASX:PXX) continues to intersect high-grade mineralisation supporting a JORC resource expansion at its Zackly deposit within its Alaska Range Project in Alaska, US.
The latest hole intersected 15 metres at 2.3% copper, 2.2 g/t gold and 11.9 g/t silver.
Furthermore, this was intersected 350 metres along strike from the existing JORC resource and 40 metres below recently drilled mineralisation.
Assays for other recently completed holes at Zackly are expected in the next 1-2 weeks.
READ: PolarX drills out more near-surface, high-grade copper gold silver
The current Zackly Inferred JORC resource stands at 41,000 tonnes of copper, 213,000 ounces of gold and 1.5 million ounces of silver from surface.
It occurs over a strike length of 1 kilometre and it is expected to increase as a result of the current drilling program.
Zackly remains open at depth and along strike in both directions.
Results from regional porphyry exploration pending
PolarX also aims to test the strong potential at Zackly for a deeper and much larger buried porphyry source.
The company believes a porphyry intrusion may be the source of the Zackly SE buried magnetic anomaly and the Mars magnetic anomaly with associated copper-gold soil geochemical anomaly.
Recently completed regional work programs include a helicopter‐borne magnetic and radiometric survey, soil sampling, mapping and rock-chip sampling.
Results are expected over the coming months