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The Markets
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Mining

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.

PolarX Ltd (ASX:PXX) has started a 3,000-metre drilling program at the high-priority Zackly East gold-copper target of its Alaska Range Project in Alaska.

The Zackly East Skarn occurs just 800 metres from the Zackly Main Skarn deposit, where PolarX has outlined an inferred 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 1,050 metres.

Strongly mineralised drill intersections to the east of the resource along with geological mapping and trenching to evaluate the potential 600 metres strike length of the Zackly East skarn, indicate to the company that the mineral resource inventory may be increased as a result of the current drilling program.

Previous results include 55 metres at 2.8 g/t gold and 0.6% copper and 47 metres at 3.1 g/t gold and 0.6% copper.

Approximate location of planned 3,000 metre drilling program to evaluate the Zackly East Skarn

Current work program

The initial 3,000-metre program will comprise 15-20 drill holes to evaluate a 500-600 metre strike length of the structure.

Drilling has initially commenced on the existing section containing holes ZX-18020 and ZX-18024 to determine down-dip continuity.

Step out cross-sections will be drilled on 50-metre and 100-metre centres with precise details to be finalised on a hole by hole basis using information gleaned from the previous drill holes.

Drilling is expected to take approximately six to eight weeks using the two drill rigs on site.

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