PolarX Ltd (ASX:PXX) has returned strong results up to bonanza grade in its maiden reverse circulation (RC) percussion drilling program at Star Canyon within the Humboldt Range Gold-Silver Project in Nevada, USA.
The highlight result is 9.1 metres at 124.36 g/t gold and 48.6 g/t silver from 27.4 metres in hole BC22-005, including 3 metres at 371 g/t gold and 143.5 g/t silver.
This bonanza result sits within numerous wide lower-grade intersections less than 3 kilometres from the 5-million-ounce operating Florida Canyon Gold Mine while the Rochester Mine is about 20 kilometres south of the Fourth of July claims.
Broad results
Other results include:
- 73.2 metres at 0.28 g/t gold from 36.6 metres to the end of hole in Carlin-style mineralisation immediately down hole from the bonanza intersection in BC22-005;
- 42.7 metres at 0.32 g/t gold, including 25.9 metres at 0.48 g/t gold from 19.8 metres. This is also spatially associated with a broad zone of silver mineralisation over 59.4 metres at 3.5 g/t silver from 3 metres depth; and
- 61 metres at 0.19 g/t gold from 39.2 metres.
Highlight strong potential
PolarX said these results highlighted the potential for Star Canyon to host high-grade gold and silver veins within a potentially bulk mineable Carlin-style system in Nevada, a world-class precious metals province.
PolarX’s claims are ideally located in Nevada, adjacent to large-scale operating mines and important road, rail, power and workforce infrastructure.
Star Canyon prospect is part of a much larger anomalous gold and silver zone known to contain many other mineralised veins with bonanza grade potential.
Broad Carlin-style gold and silver mineralisation occurs throughout the tested part of the soil anomaly and the central mineralised limestone corridor.
The mineralisation remains open and largely untested for the extension of bonanza-grade veins.
Maiden RC program
PolarX’s maiden RC drill program at Star Canyon consisted of 10 RC percussion holes to test the strong gold and silver anomaly identified from the company’s soil sampling program.
This program has only tested an area of 600 x 400 metres within the soil anomaly which measures 2,500 x 1,000 metres.
The coincidence of the two mineralisation styles within the one project demonstrates the potential for high-grade veins to significantly increase the metal inventory of a large tonnage Carlin-style resource that may be present and that could be amenable to a bulk mining operation.
Aerial view looking northwards towards the Ridgeline Target which comprises the extension of the high-grade Monster Veins and associated gold-in-soil anomalism.
Follow-up plans
In light of the strong results, PolarX is highly encouraged and is prioritising follow-up drilling at Star Canyon and the associated Ridgeline Target.
Ridgeline has good road access and can be drilled from the roadside to test for high-grade veins within Carlin-style mineralisation similar to Star Canyon.