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PolarX enters trading halt pending details on strategic investment

The company is focussed on the exploration and development of its Alaska Range Project in Alaska.

lookout from project
The project contains two JORC resources – Caribou Dome and Zackly

PolarX Ltd (ASX:PXX) has been granted a trading halt by the ASX pending the release of information regarding a strategic investment in the company.  

Shares in the company will remain halted until the earlier of either, the release of relevant information, or, the commencement of trading on Tuesday 4 June 2019.

READ: PolarX confirms large copper-gold porphyry target in 3D modelling at Alaska Range project

Most recently, PolarX received 3D modelling results confirming that the Saturn prospect is a large, compelling copper-gold porphyry target.

When combined with other key geological features established in earlier exploration, the results are entirely consistent with the presence of a porphyry system.

An IP survey over the Saturn target is planned.

Proactive caught up with PolarX in early April for an update.

Quick facts: PolarX Ltd

Price: 0.031 AUD

ASX:PXX
Market: ASX
Market Cap: $16.79 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