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PolarX Ltd.
Summary
| Project: | Alaska Range | |
|---|---|---|
| Deposit: | Zackly | |
| Location: | United States | |
| Commodities: | Gold-Copper-Silver | |
| Date: | 8/27/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 27-8-2018: PolarX Ltd. announces an Exploration/Drilling Update report for its Zackly deposit at the Alaska Range project. Drilling results incl. 9.3m @ 3.3% Cu, 2.3g/t Au, 19.7g/t Ag. PolarX Limited (ASX: PXX) is pleased to announce more strong assay res | |
| 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 announce more strong assay results from well outside the Resource boundary at the Zackly copper-gold deposit within its Alaska Range Project. Significantly, this hole, ZX-10023, was drilled between the current Resource and recently reported hole ZX-18020, which was drilled 850m along-strike from the Resource and assayed 55m at 2.8g/t gold and 0.6% Cu just 2.5m from surface (Figure 2). Hole ZX-18023 intersected shallow, high-grade copper sulphide mineralisation in a magnetiteskarn from 20.5m to 30.1m down-hole depth, 350m east of the current Resource. Copper mineralisation occurs as the high-tenor sulphide bornite, with lesser amounts of chalcopyrite, covellite, native copper and copper oxides. Mineralisation occurs between an altered limestone and an altered basalt. This style of mineralisation remains consistent with previous Company observations and reports and further demonstrates the extensive potential of PolarX’s entire project area, of which Zackly forms only a small part. Assay results for holes ZX-18025 and ZX-18027 which have been drilled underneath ZX-18023 (Figure 3), are expected in September. Hole ZX-18025 intersected a similar magnetite skarn to that in ZX-18023, but with chalcopyrite dominant over bornite as the principal copper sulphide (Figure 4). Hole ZX-18027 intersected less intense magnetite skarn, but with more prominent quartz and carbonate veining | |
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