PXX 0.00% 0.7¢ polarx limited

drilling for the holy grail

  1. 3,610 Posts.
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    big chance of hitting hit.....
    1,
    23 diamond drill holes designed to substantially expand the known highgrade Zackly coppergold skarn deposit.
    The Zackly Inferred Resource occurs over a strike length of 1km and already contains an estimated 41,000t of copper, 213,000oz of gold and 1.5Moz silver and is mineralised from surface.
    2,PolarX aims to rapidly accumulate a sufficient coppergold inventory between Zackly and Caribou Dome to support feasibility studies on a combined operation or one or more stand alone operations.
    3,the style of mineralisation at Zackly is consistent with the nearby presence of a porphyry coppergold system. There was abundant evidence to support this view in PolarX's drilling last season, when porphyrystyle veins and related copper sulphides were observed in drill core.
    4,
    PolarX aims to substantially increase the current inferred resource at Zackly with this drilling program as it vectors towards a deeper and much larger potential porphyry source which forms a prominent magnetic anomaly at Zackly SE.
    5,The entire Alaska Range Project straddles the boundary between the worldclass Cretaceous porphyry copper belt and the Tintina Gold Belt. Both host some of the world's richest and largest copper and gold deposits. PolarX's 100%owned Mars, Gemini, Jupiter and Zackly prospects share similar geology to the supergiant Pebble deposit.
    6,The mineralisation encountered in core drilling at Zackly last season, plus the districtscale aeromagnetic data, provides further evidence that the Alaska Range Project may host multiple economic discoveries.
    7,PolarX's 100%owned Moonwalk prospect, which occurs in the wellendowed Tintina Gold Belt. This belt also hosts the Pogo mine (12.3Mt @ 12.5g/t gold), Donlin (1.2 Bt @ 2.2g/t gold) and the Fort Knox mine (283Mt @ 0.44g/t gold).
 
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