Proactive Investors - Run By Investors For Investors

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.”
 
Meet West Wits Mining Limited and Global Energy Ventures Ltd at our event, Melbourne , 04 June 2019. Register here »
View full PXX profile View Profile

PolarX Ltd Timeline

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use