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PolarX Ltd

PolarX 'expects resource upgrade later this year' at Alaska Range after drilling results

PolarX Ltd (ASX:PXX) CEO Frazer Tabeart updates Proactive Investors on development of the large-scale Alaska Range copper-gold-silver project.

The first batch of assay results from a Summer drilling program point towards a resource upgrade on the Zackly skarn deposit, with notable thick intersections of high-grade material near surface. Sampling and ground geophysics is planned for a number of other targets, in addition to a high-resolution airborne magnetic survey over the wider area.

PolarX recently closed a heavily oversubscribed placement, raising $3.9 million for works to increase the size of the mineralisation footprint.

Quick facts: PolarX Ltd

Price: $0.09

Market: ASX
Market Cap: $37.46 m
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PolarX to survey large copper-gold porphyry system confirmed in 3D modelling

PolarX Ltd (ASX:PXX) managing director Frazer Tabeart updates Proactive Investors on the explorer’s recent 3D modelling results which confirm a large copper-gold porphyry target at its Alaska Range Project. When combined with other key geological features established in earlier...

on 2/4/19

2 min read