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PolarX Ltd

PolarX 'coming up with the goods' at Mars prospect in Alaska Range Project

PolarX Ltd (ASX:PXX) managing director Frazer Tabeart details for Proactive Investors just-announced results from soil and rock chip sampling on the Mars Prospect within the company's Alaska Range Copper-Gold Project in the USA.

"Mars sits at the far Western end of a 12 kilometre long mineralised corridor, which these results really firm up. The results show that we've got a coherent anomaly covering about 2000 metres by almost 1500 metres in size, with multi-elements... what's really impressed us is the fact that it coincides with a magnetic anomaly and also an IP anomaly," says Tabeart.

About 50% of results from a recent drilling campaign are outstanding and expected to be announced in the next two to three weeks. Earlier, a high-resolution aeromagnetic survey shed more light on the porphyry copper-gold potential around the existing Zackly inferred resource.

A resource update is expected later this year, while a substantial drilling campaign, other exploration works, and further resource update are slated for next year.

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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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