PolarX Starts Drilling at Zackly Copper-Gold Deposit, Alaska

May. 31, 2018 08:46AM PST

PolarX Limited has announced that it is about to start drilling at its Alaska Range project as part of its strategy to rapidly grow the existing JORC Resource and start feasibility studies.

Australian company PolarX Limited (ASX: PXX) has announced that it is about to start drilling at its Alaska Range project as part of its strategy to rapidly grow the existing JORC Resource and start feasibility studies.

The initial program comprises 23 diamond drill holes designed to substantially expand the known high‐grade Zackly copper‐gold skarn deposit.

According to the company the inferred resource at Zackly is 41,000 tonnes of copper, 213,000 ounces of gold and 1.5 million ounces of silver. The Alaska Range project also includes the Caribou Dome deposit, with an inferred resource of 85,500 tonnes of copper.

As quoted in the press release:

PolarX aims to rapidly accumulate a sufficient copper‐gold inventory between Zackly and Caribou Dome to support feasibility studies on a combined operation or one or more stand‐ alone operations.

Click here to view the full PolarX Limited (ASX:PXX) press release.

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