- PolarX (PXX) encounters an “extensive” surface gold and silver intercept at the Golden Staircase prospect in Nevada
- PolarX sampled three continuous channel traverses at the Golden Staircase prospect in the project area, with a composited sample being taken along every 1.5-metre interval
- This recent work returned results of up to 9.62 g/t gold and 60.75 g/t silver, and PolarX now plans to undertake further sampling and drilling
- The work was undertaken at Golden Staircase due to previous “strongly anomalous” soil and rock chip sampling in the area, which returned up to 4.5 g/t gold and 12.1 g/t silver
- PolarX is down 10 per cent on the market, with shares trading at 0.9 cents at 3:46 pm AEDT
PolarX (PXX) has encountered an “extensive” surface gold and silver intercept at the Golden Staircase prospect in Nevada.
As part of its latest exploration work, PolarX sampled three continuous channel traverses at the Golden Staircase prospect in the project area, with a composited sample being taken along every 1.5-metre interval.
This sampling work uncovered a 51-metre zone at 1.24 g/t gold and 8.3 g/t silver, including three metres at 9.62 g/t gold and 60.75 g/t silver.
It also highlighted an 18-metre zone at 0.71 g/t gold and 5.82 g/t silver, including 7.5 metres at 1.05 g/t gold.
When combined, these traverses form a 69-metre long mineralised surface that PolarX said “favourably” compared to grades mined at the neighbouring Florida Canyon Gold Mine.
Given these results, the company now plans to undertake further sampling and drilling along the anomaly.
Channel cut traverses are now underway at the nearby Ridgeline Target.
The work was undertaken at Golden Staircase due to previous “strongly anomalous” gold-in-soil sampling results and previous rock chip sampling from the area that returned up to 4.5 g/t gold and 12.1 g/t silver.
Golden Staircase sits at the end of a 2.8-kilometre-long soil anomaly, with the Star Canyon prospect located at the other end.
PolarX’s recent drilling work at Star Canyon returned a “bonanza” result of 9.1 metres at 124.36 g/t gold and 48.6 g/t silver.
PolarX was down 10 per cent on the market, with shares trading at 0.9 cents at 3:46 pm AEDT.