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.