PolarX closing in on potential copper-gold discovery at Mars...

PolarX closing in on potential copper-gold discovery at Mars

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09:43 19 Nov 2018
Importantly, the results directly coincide with an IP anomaly 100‐150 metres below the surface.
https://static1.*.com.au/thumbs/upload/Article/Image/2018_11/757z468_1542581638_MArs-Zackly.JPG
Rock chip samples reached peak values of over 50% copper
PolarX Ltd (ASXXX) has discovered a high-grade copper and gold target at the Mars Prospect within the Alaska Range Project in the US state of Alaska.
Assays up to 7.4% copper and 6.9 g/t gold from infill soil and rock‐chip sampling at Mars confirm anomalous copper, gold, arsenic and molybdenum over an area measuring 2x1.5 kilometres.
Notably, the soil anomaly overlies induced polarisation (IP) and magnetic highs thought to represent mineralised intrusive centres.
READ: PolarX copper-gold results reinforce potential for large open pit at Zackly


PolarX’s managing director Dr Frazer Tabeart said: “These results provide several pieces of key evidence which, when combined, strongly support our view that Mars is an exceptional, high‐priority target,” Dr Tabeart said.
“They show that multi‐element anomalism in soil and rock‐chip geochemistry is spatially coincident with an IP anomaly and an interpreted intrusive cluster.
“Mars is a very high priority, drill‐ready target for large porphyry copper‐gold style mineralisation. This again demonstrates the rapidly growing potential of the 12-kilometre mineralised corridor between Mars and Zackly SE.”
PolarX sees porphyry deposit potential

A program of 200x150-metre grid infill soil sampling collected a total of 201 samples over the Mars target.
In addition, 52 rock‐chip samples were collected from selected outcrops of variably mineralised veins and breccias found in creek beds and on ridges, complementing 35 samples collected in 2012.
Peak assays in rock‐chips of 7.44%, 4.49%, 4.45% and 1.65% copper and 6.93 g/t, 2.94 g/t, 2.41 g/t and 1.78 g/t gold all occur on the northern edge of the soil anomaly.
Further assay results are pending

PolarX will continue to publish further updates, including assays and interpretations, as information comes to hand.
This refers to the remaining drill hole assays for the 2018 program and 3D inversion modelling of the high‐resolution magnetic data for the Zackly SE porphyry target.