PXX 7.14% 0.8¢ polarx limited

All the mining journals have a story today. PolarX: Highly...

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    All the mining journals have a story today.
    PolarX: Highly Succesful Magnetic Survey Confirms Compelling Porphyry Target at Zackly

    Scott Tibballs - November 5th, 2018

    The company said the survey results are considered important because they show several intrusions at Zackly SE which are in turn surrounded by a broad zone of magnetite destruction.
    PolarX (ASXXX) has announced that its new high‐resolution aeromagnetic survey more clearly defines the significant copper‐gold porphyry potential of the Zackly SE prospect at its Alaska Range project.
    The company said the survey results are considered important because they show several intrusions at Zackly SE which are in turn surrounded by a broad zone of magnetite destruction.
    As highlighted in the press release:

    • Detailed aeromagnetic data defines multiple phases of intrusion at Zackly SE
    • The result is highly significant and confirms Zackly SE as a high‐priority porphyry target
    • Survey data also highlights a pronounced, 12km‐long mineralized structural corridor extending from Zackly SE to the Mars copper-gold porphyry target
    • The known high‐grade copper‐gold skarn mineralization at Zackly occurs along the fault‐bound northern edge of this corridor
    • The new data will greatly assist targeting drilling extensions to the 47‐55m thick, near‐surface high‐grade mineralization discovered in holes ZX‐18020 and ZX‐18024, 850m east of the existing inferred resource
 
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