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Polarx in trading halt ahead of strategic partnership with Lundin Mining

Last month, Polarx intersected 102 metres at 0.22% copper,0.07 g/t gold and 20 ppm molybdenum from 308 metres depth at its Mars Prospect.

PolarX Ltd - Polarx in trading halt ahead of strategic partnership with Lundin Mining
Further drilling is planned to determine the extent of the mineralisation

Polarx Ltd (ASX:PXX) has been granted a trading halt by the ASX pending the release of an announcement regarding its strategic partnership with Lundin Mining Corporation (TSE:LUN).

The trading halt will remain in place until the beginning of normal trading on Monday, December 30, 2019, or when an announcement is released to the market, whichever occurs earliest.

Discovery assays from first diamond hole at Mars porphyry target

Last month, Polarx intersected 102 metres at 0.22% copper,0.07 g/t gold and 20 ppm molybdenum from 308 metres depth at its Mars Prospect within the Stellar Project in Alaska.

The style of the mineralisation indicates an association with highly oxidised fluids.

This is important because highly oxidised systems have the potential for higher grades of copper and gold than less oxidised systems.

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Price: 0.035 AUD

ASX:PXX
Market: ASX
Market Cap: $14.57 m
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