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PolarX Ltd.
Summary
| Project: | Alaska Range | |
|---|---|---|
| Deposit: | Zackly | |
| Location: | United States | |
| Commodities: | Gold-Copper | |
| Date: | 2/7/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 7-2-2018: PolarX Ltd. announces an Exploration/Drilling Update report for its Zackly deposit at the Alaska Range project. Drilling results incl. 1.02m @ 252g/t Au from 89.18m. PolarX Limited (ASX: PXX) advises that revised assays from the Zackly prospect | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Frazer Tabeart (Internal) | |
| ABSTRACT: | PolarX Limited (ASX: PXX) advises that revised assays from the Zackly prospect at its Alaska Range Project have returned gold grades which are significantly higher than those reported in initial assays on the same samples. Historical reports and PolarX observations indicate that substantial amounts of coarse gold may be present at Zackly. PolarX therefore re-submitted 35 drill core samples samples for assay using a more appropriate screen fire assay technique which is generally accepted as more accurate in the circumstances. The screen fire assays returned an average grade of 2.7gpt (refer to Figures 1 and 2, and Table A). The highest composite assay was 26.6gpt gold over 1.02m. In comparison the initial assays on the same 35 drill core samples, (which were reported in ASX releases dated November 23, 2017 and December 6, 2017), contained an average grade of 1.97gpt and were derived using a conventional fire assay technique. Screen fire assays for copper are expected soon. The results show there is a high degree of grade variability between the original fire assay results and the screen fire assay results. In almost all cases, the grade of gold in the coarser fractions is significantly higher than the average grade of the sample, reflecting the nuggety nature of gold in the samples. All remaining ~100 core samples have now been submitted for screen fire assay and all future drill samples from Zackly will be assayed using this method. Final assay results for all 2017 drill holes will be reported once the new data has been received. | |
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