PolarX Ltd (ASX:PXX) managing director Frazer Tabeart updates Proactive Investors on recent high-grade copper and gold assay results from its Alaska Range Project in the USA.
The results indicate the potential for flat-lying and thick near-surface mineralisation, suitable for low-cost open pit extraction, and extend the sub-horizontal mineralisation encountered in previous drilling.
“We’ve got 40-50 metres thickness of high-grade mineralisation, almost from surface, and that mineralisation is a little bit of different from what we’ve seen before inasmuch as it’s flat-lying and very thick,” Tabeart says.
He continues, “if we can drill that out over some area we can have a fairly large open-pittable resource, as opposed to an underground mining proposition for the remainder of the resource.”
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