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PolarX Ltd.

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Summary

Project:

Alaska Range

Deposit:Zackly
Location:United States
Commodities:Gold-Copper-Silver
Date:8/21/2018
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resource Increase/Upgrade
Report details:21-8-2018: PolarX Ltd. announces an Exploration/Drilling Update report for its Zackly deposit at the Alaska Range project. Drilling results incl. 25.5m @ 0.6% Cu, 1.1g/t Au, 5.5g/t Ag from 261.6m. PolarX Limited (ASX: PXX) is pleased to announce more high
Resources:(Resource, Inf.): 3.4Mt @ 1.2% Cu, 2.0g/t Au for 41200t Cu, 213000oz Au contained at Zackly
CP/QP:[Overall Report]: Frazer Tabeart (Internal)
ABSTRACT:PolarX Limited (ASX: PXX) is pleased to announce more high‐grade assay resultsfrom resource extension drilling at the Zackly copper‐gold deposit within its Alaska Range Project. Results from hole ZX‐18018 confirm multiple zones of copper‐gold mineralisation 100m vertically below the nearest hole in the current JORC Resource (Figure 1): The cumulative width of these intersections is thicker than previous intercepts and includes 1.4m @ 3.2% Cu, 9.3g/t Au and 38.2g/t Ag from 285.8m and 2.5m @ 2.3% Cu, 3.5g/t Au and 18.5g/t Ag from 326.1m (Figure 2). These assays follow last week’s announcement that hole ZX‐18020 intersected 55m @ 2.8g/t Au and 0.6% Cu from near‐surface. This hole was 850m east of the Resource (Figure 3, ASX release 15 August 2018). The current Zackly Inferred Resource stands at 41,000t of copper, 213,000oz of gold and 1.5Moz silver from surface (refer Table 1). It occurs over a strike length of 1km.

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