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PolarX Ltd secures new area prospective for copper, gold in Alaska

Recent drilling confirmed high‐grade copper‐gold at Alaska Range Project.
map of Alsaka
Aiming to build a JORC resource

PolarX Ltd (ASX:PXX) has staked and recorded a total of 34 new state mining claims, boosting its Alaska Range Project and other project areas in Alaska to 242.65 square kilometres.

The new area covers potential extensions of the copper in soil anomalism at the Senator Prospect and extend both ends of the Mars‐Zackly copper‐gold porphyry corridor.

Elevated copper in soils identified

The Senator copper prospect was discovered through a soil sampling program undertaken by the company in 2016.

PolarX highlighted an area covering circa 5 kilometres by 2.5 kilometres with elevated copper in soils (>100ppm copper) and sporadic outcrop.

Furthermore, recent site visits have highlighted the potential of this area having identified intense iron alteration and the presence of copper oxides on fracture surfaces.

Mars prospect characterised by co‐incident copper and gold

A block of 11 new state mining claims has been staked to secure ground to the south‐east of the known copper anomalism.

The Mars prospect is characterised by co‐incident copper, gold, molybdenum and silver anomalism in broadly spaced soil samples over a large area of circa 2,000 metres x 1,500 metres.

Up to 7.4% copper and 1.8 g/t gold are evident in rock‐chip samples.

Mars lies 6 kilometres to the northwest of the high‐grade Zackly copper‐gold Skarn, where recent drilling by PolarX has confirmed the presence of thick zones of mineralisation from the surface.

READ: PolarX’s drilling confirms high‐grade copper‐gold at Alaska Range Project

Two of the 34 state mining claims were staked to cover a vegetation anomaly circa 50 kilometres to the east of the Alaska Range Project.

The nature of the vegetation anomaly is believed to represent prospectivity for copper sulphide mineralisation in the bedrock.

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