- PolarX (PXX) completed four major exploration programs in the last four months, with assays pending from each
- The programs were completed at its Caribou Dome copper project in Alaska and its Humboldt-Range gold-silver project in Nevada
- Assays are pending from each program and all have confirmed mineralisation
- The results from these exploration programs will further assist upcoming drilling programs at both projects in 2022
- On the market, PolarX was trading sideways at 3.5 cents at 1:00 pm AEDT
PolarX (PXX) has successfully completed exploration programs at its Caribou Dome copper project in Alaska and its Humboldt-Range gold-silver project in Nevada.
The four major exploration programs were completed in the last four months and assays are pending from each program, all of which have confirmed mineralisation.
At Caribou, PolarX, the first program, targeted drill intersections containing ‘massive’ copper and iron sulphides from the mineral resource envelope.
The second program targeted intersections containing disseminated and vein-hosted native copper mineralisation.
While over at Humboldt, exploration programs included channel sampling and infill soil sampling across its Monster/Star Canyon and Black Canyon gold anomalies.
Assay results and samples from the first exploration program at Caribou will add further information to the scoping study, which is expected to be completed in the first quarter of 2022.
Assay results from the other three programs will be used for the detailed planning of the 2022 drilling programs in both Nevada and Alaska. Drilling is expected to commence in Nevada in the first quarter of 2022.
Notably, laboratories around the world are facing massive demand, staff shortages and COVID-19 workplace restrictions, therefore creating extended assay turnaround times.
On the market, PolarX was trading sideways at 3.5 cents at 1:00 pm AEDT.