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PolarX Ltd.
Summary
| Project: | Alaska Range | |
|---|---|---|
| Deposit: | Zackly | |
| Location: | United States | |
| Commodities: | Gold-Copper-Silver | |
| Date: | 1/29/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 29-1-2019: PolarX Ltd. announces an Exploration/Drilling Update report for its Zackly deposit at the Alaska Range project. Drilling results incl. 16.7m @ 1.2% Cu, 0.5g/t Au, 6.9g/t Ag from 264.1m. PolarX Limited (ASX: PXX) is pleased to announce the final | |
| Resources: | (Resource): 127Kt Cu, 213Koz Au, 1.5Moz Ag contained at Alaska Range project | |
| CP/QP: | [Overall Report]: Jason Berton (Internal) | |
| ABSTRACT: | PolarX Limited (ASX: PXX) is pleased to announce the final assays from the 2018 drilling programme at the Zackly deposit within its Alaska Range Project (Tables 1, 2 and 4). ZACKLY MAIN SKARN EXTENDS BELOW EXISTING RESOURCE Assays from drill hole ZX‐18032 confirm a 16.7m wide down‐hole interval from 264.1m containing 1.2% copper, 0.5g/t gold and 6.9g/t silver (Figures 1 and 2, Table 1), extending the depth of the Main Skarn. This includes 2.4m with 2.7% copper, 1.1 g/t gold and 12 g/t silver from 264.1m and 2.1m with 3.1% copper, 0.8 g/t gold and 13.2 g/t silver from 288.1m. This wide interval lies adjacent to a historical interval (Z‐23‐82) of 13.3m @ 2.2 g/t gold, 0.41% copper and 4.29 g/t silver from 271.67m that included 5.7m at 4.43 g/t gold, 0.8% copper and 9.06 g/t silver. Diamond hole ZX‐18030, on the same cross‐section as ZX‐18032, intersected 5.8m at 0.8 g/t gold, 0.5% copper and 4.9 g/t silver from 128.3 metres, beneath a historical intercept (Z‐07‐81) of 7.9m at 2.05% copper, 2.55 g/t gold and 22 g/t silver. These intersections, along with those reported last year from hole ZX‐18018, clearly demonstrate the potential for the Zackly Resource to extend further at depth, where it has yet to be closed off by drilling. | |
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