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PolarX Ltd.
Summary
| Project: | Alaska Range | |
|---|---|---|
| Deposit: | Mars | |
| Location: | United States | |
| Commodities: | Copper-Gold-Molybdenum | |
| Date: | 11/19/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 19-11-2019: PolarX Ltd. announces an Exploration/Drilling Update report for its Mars deposit at the Alaska Range project. Drilling results incl. 102.07m @ 0.22% Cu, 0.07g/t Au, 20ppm Mo from 308.02m. PolarX Limited (ASX: PXX) is pleased to publish assays | |
| Resources: | (Resource): 127Kt Cu, 213Koz Au, 1.5Moz Ag contained at Alaska Range project | |
| CP/QP: | [Overall Report]: Frazer Tabeart (Internal) | |
| ABSTRACT: | PolarX Limited (ASX: PXX) is pleased to publish assays from the first diamond hole drilled at the Mars prospect within its Alaska Range Project. The Mars and Saturn porphyry targets occur in the Stellar Project (Figure 1), which is the area subject to the strategic partnership with Lundin Mining Corporation (see ASX release dated 4 June 2019). Mars occurs at the western end of a 12km‐long mineralised corridor, which also hosts the high‐grade Zackly Cu‐Au skarn (Figure 2 and Table 2) and, at the eastern end, the Saturn porphyry target. A preliminary program of core drilling to evaluate Saturn and Mars was undertaken in August and September (Table 1) and reported to the ASX on 1 October 2019 and 21 October 2019. The Mars target comprises an aeromagnetic anomaly with an associated Cu‐Au‐Mo‐As soil anomaly which extends over an area covering 1,500m x 800m. These anomalies are co‐incident with a chargeability high defined in a previousInduced Polarisation (IP)survey (Figure 3 and refer ASX release dated 19 November 2018). A single angled drill hole to a final down‐hole depth of 417m has been drilled into the Mars target by PolarX (Figures 3 and 4, Table 1). | |
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