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PolarX Ltd

PolarX final assays support resource upgrade potential

Latest drill results have extended the depth of the Main Skarn at Zackly.

alaska on a map
Results highlight potential for multiple mineralised shoots below the current resource

PolarX Ltd (ASX:PXX) has received the final assays from its 2018 drill program at its Alaska Range Project in Alaska.

Assays show more thick high‐grade mineralisation along strike and down dip from the existing Inferred Resource at the Zackly copper-gold deposit.

Highlights from the final batch of assays include 16.7 metres at 1.2% copper and 0.5 g/t gold from 261.4 metres.

This intersection was within the Main Skarn, which remains open at depth.

READ: PolarX outlines rapid expansion at Alaska Range Project

The current Zackly 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 with further drilling.

The thick, near‐surface nature of mineralisation in these latest holes allow rapid accumulation of additional resource tonnes and metal inventory with further drilling.

More drilling planned

Further drilling around these intersections is currently being planned based on the integration of the detailed aeromagnetic data with all drill results to date.

PolarX remains confident that this may lead to the definition of significant open‐pitable resources in the upcoming drilling campaign.

Quick facts: PolarX Ltd

Price: $0.09

Market: ASX
Market Cap: $38.71 m
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PolarX Ltd enjoying an 'embarrassment of riches' at its Alaska Range project

PolarX Ltd (ASX:PXX) managing director Frazer Tabeart caught up with Proactive London's Andrew Scott for a chat while at Mines and Money 2018. He says the company's made significant progress on its Alaska Range Project this year, considerably enhancing the prospectivity of the project to...

on 28/11/18

2 min read