Proactive Investors - Run By Investors For Investors

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.

View full PXX profile View Profile

PolarX Ltd Timeline

Related Articles

Mining operations
January 22 2019
Pantoro ended the December 2018 quarter with $20.8 million in cash and gold. The company remains debt free.
A gold pour
February 26 2019
Metalla aims to leverage precious metal exposure by acquiring royalties and streams to build value for shareholders
1551267092_Jupiter-Mines---Tshipi-ore.jpg
March 29 2019
The cash flow provides ballast against dilution, allowing the company carefully to consider each new opportunity on its merits

© Proactive Investors 2019

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use