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PolarX Ltd

PolarX’s high-grade copper-gold results in Alaska indicate potential for open pit mining

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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Price: $0.10

Market: ASX
Market Cap: $41.62 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