Company
PolarX Ltd
ASX:PXX
PolarX Ltd (ASX:PXX) is an Australian exploration and development company with a project portfolio exclusively in the United States. The primary interest is exploration and development of the Alaska Range Project, which contains the Caribou Dome Project and the Stellar Project. PolarX also has an interest in the high-grade Humboldt Range Gold-Silver Project in northwest Nevada, which comprises 177 lode mining claims and complements the Alaskan project, providing year-round exploration.
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PolarX to raise up to $2.88 million to fund Humboldt Range drilling
The company aims to raise $2.88 million in a renounceable rights issue to fund drilling at its Humboldt Range Gold Project in the US.
PolarX confirms Alaska Range Project economic copper-gold potential in positive scoping study
The study indicates that modest resource extensions at either Alaska Range deposit could materially enhance projected economic returns.
PolarX makes new gold-silver discovery at Golden Staircase in Nevada's Humboldt Range
Recent drilling at Star Canyon returned a bonanza assay of 9.1 metres at 124.36 g/t gold and 48.6 g/t silver within a potentially bulk mineable Carlin-style host system.
Rare earths & specialist minerals
PolarX undertakes further sampling after recent bonanza gold and silver hits at Black Canyon in the US
The company is currently cutting multiple continuous channel samples to test highly prospective outcropping mineralised vein systems at the Golden Staircase target.
PolarX hits 9.1 metres at 124 g/t gold in maiden RC drilling at Star Canyon in Nevada
This bonanza result sits within numerous wide lower-grade intersections less than 3 kilometres from the 5-million-ounce operating Florida Canyon Gold Mine.
PolarX launching supplementary placement to support drilling programs
Net proceeds of the second placement will primarily be used to fund the current drilling program at the Humboldt Range Gold-Silver Project in Nevada and the 2022 drilling program at the high-grade Caribou Dome copper deposit in Alaska.
PolarX makes strong start to Star Canyon drill program, mineralisation in all holes
Initial assay results are expected in four to six weeks, while PXX has moved the drill rig to the Fourth of July claim block to start a 10-hole program to test multiple targets for gold-silver mineralisation.
PolarX launches gold and silver drill campaign at Humboldt Range Project's Star Canyon prospect in Nevada
Along with gold, the company has uncovered anomalous levels of silver, lead and arsenic, consistent with observations of mineralised samples in the field.
PolarX launches rights issue to raise $2.19 million
Shares and options under the rights issue, which is part of a $4.7 million capital raising, are being made under a prospectus that will be lodged today.
PolarX to secure up to A$4.7 million in capital raising with drilling about to kick off in Nevada
Funds raised under the offers will be used to advance the company’s projects in the USA, including the initial drilling program at the Humboldt Range Project in Nevada, which kicks off next week.
PolarX on quest to grow high-grade copper resource at Caribou Dome in Alaska
“The high grades and the density of the mineralisation exceed our resource model and it remains open along strike and at depth," said executive chair.
PolarX fields high-grade copper up to 15% from multiple zones at Caribou Dome Project in Alaska
“Intercepts like 19 metres at 7% copper and 11 ppm silver are impressive by any measure. They help underpin the development potential for the project, which also has immense scope for expansion both along strike and at depth," says executiv
Rare earths & specialist minerals
PolarX unearths promising gold-silver target at Humboldt Range
Given the strong assays, PolarX has moved to secure a drilling permit and finalise a drilling contractor, with work expected to commence early next quarter.
PolarX prepares for drilling campaign at Humboldt Range Gold-Silver Project
PolarX is planning its first exploration drilling campaign for 2022, targeting silver-gold mineralisation in the Humboldt Range Project. Much like the rest of the industry, PolarX is experiencing extended assay result delays, which it expec
PolarX receives firm commitments for $1.4 million placement to fund exploration and development programs
The placement has attracted firm commitments from sophisticated and professional investors and will fund exploration and development programs across the company's US portfolio of assets.
PolarX completes busy period with four major exploration programs in four months, assays pending
Drilling is to planned start at the Nevada gold-silver prospects in the March quarter of 2022.
PolarX delivers busy quarter as it progresses copper, gold and silver projects in Alaska and Nevada
The company is focusing on the copper potential of the Caribou Dome Project in Alaska and the gold-silver potential of the Humboldt Range Project in Nevada.