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PolarX 'coming up with the goods' at Mars prospect in Alaska Range Project

PolarX Ltd (ASX:PXX) managing director Frazer Tabeart details for Proactive Investors just-announced results from soil and rock chip sampling on the Mars Prospect within the company's Alaska Range Copper-Gold Project in the USA.

"Mars sits at the far Western end of a 12 kilometre long mineralised corridor, which these results really firm up. The results show that we've got a coherent anomaly covering about 2000 metres by almost 1500 metres in size, with multi-elements... what's really impressed us is the fact that it coincides with a magnetic anomaly and also an IP anomaly," says Tabeart.

About 50% of results from a recent drilling campaign are outstanding and expected to be announced in the next two to three weeks. Earlier, a high-resolution aeromagnetic survey shed more light on the porphyry copper-gold potential around the existing Zackly inferred resource.

A resource update is expected later this year, while a substantial drilling campaign, other exploration works, and further resource update are slated for next year.

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ASX:PXX
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Market Cap: $24.37 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