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PolarX Ltd

PolarX 'expects resource upgrade later this year' at Alaska Range after drilling results

PolarX Ltd (ASX:PXX) CEO Frazer Tabeart updates Proactive Investors on development of the large-scale Alaska Range copper-gold-silver project.

The first batch of assay results from a Summer drilling program point towards a resource upgrade on the Zackly skarn deposit, with notable thick intersections of high-grade material near surface. Sampling and ground geophysics is planned for a number of other targets, in addition to a high-resolution airborne magnetic survey over the wider area.

PolarX recently closed a heavily oversubscribed placement, raising $3.9 million for works to increase the size of the mineralisation footprint.

Quick facts: PolarX Ltd

Price: $0.12

Market: ASX
Market Cap: $47.83 m
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PolarX Ltd enjoying an 'embarrassment of riches' at its Alaska Range project

PolarX Ltd (ASX:PXX) managing director Frazer Tabeart caught up with Proactive London's Andrew Scott for a chat while at Mines and Money 2018. He says the company's made significant progress on its Alaska Range Project this year, considerably enhancing the prospectivity of the project to...

on 28/11/18

2 min read

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