For thousands of other reports visit RSC's Mineral Intellingence Map
PolarX Ltd.
Summary
| Project: | Alaska Range | |
|---|---|---|
| Deposit: | Zackly | |
| Location: | United States | |
| Commodities: | Gold-Copper-Silver | |
| Date: | 3/20/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 20-3-2018: PolarX Ltd. announces a Resource Estimation report for its Zackly deposit at the Alaska Range project. Initial mineral resource estimate for Zackly deposit. PolarX Limited (ASX: PXX) is pleased to announce a strong maiden JORC Inferred Resource | |
| Resources: | (Resource, Inf.): 3.4Mt @ 1.2% Cu, 2.0g/t Au for 41200t Cu, 213000oz Au contained at Zackly | |
| CP/QP: | [Resources]: Lauritz Barnes, Fraser Tabeart (Independent;Internal) | |
| ABSTRACT: | PolarX Limited (ASX: PXX) is pleased to announce a strong maiden JORC Inferred Resource for the Zackly copper-gold deposit at its Alaska Range Project along with plans to commence extensive drilling at several prospects in the coming quarter (refer to Figure 1 and Figure 2 for location). The maiden JORC Inferred Resource comprises 3.4 million tonnes grading 1.2% copper plus 2.0 g/t gold and 14.0 g/t silver from surface. It remains clearly open for extension along strike and at depth. The result, which stems from PolarX’s maiden drilling program at the Alaska Range Project, is extremely successful and the contained metal of 41,200 tonnes of copper and 213,000 ounces of gold validates the historical non-JORC resource estimates previously defined at Zackly. The maiden resource for Zackly, at a variety of copper cut-off grades, is presented in Table 1 below: PolarX’s Managing Director, Dr Frazer Tabeart, said the result strengthened the Company’s view of the project’s outstanding exploration potential. “The fact that we have readily upgraded the Resource to JORC standard while maintaining the same quantity of contained metal further underpins our confidence in the potential to significantly expand the project,” Dr Tabeart said. “Even more importantly, we have confirmed our view of the regional geological setting, which supports our belief in the immense exploration upside.” “There is now overwhelming evidence that the style of mineralisation and the geological setting is entirely consistent with the presence of large systems which can host truly world-class copper-gold porphyry intrusions.” | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report