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PolarX drills out more near-surface, high-grade copper gold silver

The company continues to drill mineralisation outside the JORC resource boundary.

magnetics map showing Zackly deposit and nearby targets
Exploration at targets nearby to the Zackly deposit is also ongoing

PolarX Ltd (ASX:PXX) has received assay results that continue to support a resource upgrade at the Zackly copper-gold deposit within its Alaska Range Project in Alaska, US.

Latest assays revealed a 9.3-metre intersection of magnetite skarn containing 3.3% copper, 2.3 g/t gold and 19.7 g/t silver.

Significantly, this hole was drilled 350 metres east of the JORC resource at Zackly, further building the argument that the resource has expansion potential.

READ: PolarX hits up to 3.2% copper and 9.3 g/t gold below Zackly resource at Alaska Range

Notably, this hole, ZX-10023, was drilled between the current JORC resource and the recently reported hole ZX-18020, which was drilled 850m along-strike and assayed 55 metres at 2.8 g/t gold and 0.6% copper just 2.5 metres from surface.

Zackly remains open at depth and along strike in both directions with drilling continuing and additional assays expected.

PolarX also aims to test the strong potential at Zackly for a deeper and much larger buried porphyry source.

Additional exploration to commence in area

Assessment of Zackly SE, Mars and other high priority targets has commenced.

A detailed helicopter-borne magnetic survey will commence in early September over the entire northern part of the Alaska Range Project.

At the Mars target, a program of detailed soil sampling and geological mapping on a 200x150 metre grid has been recently completed.

Finally, a program of detailed mapping and rock-chip sampling has commenced at the Moonwalk Tintina-style gold prospect in the far north of the project.

Quick facts: PolarX Ltd

Price: 0.042 AUD

Market: ASX
Market Cap: $22.74 m

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PolarX Ltd's Frazer Tabeart outlines drilling plans for its Zackly East...

PolarX Ltd's (ASX:PXX) managing director Frazer Tabeart caught up with Proactive's Andrew Scott to discuss its plans for drilling at the Zackly East Prospect in Alaska. Zackly East is just 800 metres from existing Zackly Main Resource of 41,000 tonnes of copper, 213,000 ounces of gold and 1.5...

on 28/5/20

2 min read