The 2019 exploration includes metallurgy at the Zackly deposit, drilling to extend the Zackly deposit, drilling to extend the Caribou Dom deposit, as well as regional targeting and studies.
READ: PolarX secures $4.3 million investment from Lundin Mining for Alaskan copper-gold earn‐in option
Lundin Mining has been issued 53.4 million shares in PolarX at 8 cents per share and has become PolarX’s largest shareholder owning 14.3% of the company.
Notably, Lundin is focused on the Alaska Range Project’s porphyry targets, namely Saturn and Mars and the Zackly and Caribou Dome deposits fall outside the area covered by the JV.
Lundin can earn into the Stellar Project area marked below in blue, which excluded the Zackly claims marked in red.