- PolarX (PXX) has identified large high-grade silver anomalies on the Fourth of July prospect, within its Humboldt Range Project in Nevada
- Assay results for geochemical soil sampling on Fourth of July highlight large anomalies of silver and gold
- Additionally, multiple gold in soil anomalies were also identified
- This data will be used to further define drilling targets, with drilling to commence later this quarter
- On market close for the day, PolarX is down 2.94 per cent, trading at 3.3 cents per share
PolarX (PXX) has found several large high-grade silver anomalies on the Fourth of July prospect, within its Humboldt Range Project in Nevada, in the US.
Fourth of July is located at the southern end Humboldt Range and is less than 15 kilometres from the operating Rochester Mine.
Assay results for geochemical soil sampling on Fourth of July highlight large anomalies of silver and gold.
Results include a major 3.5 kilometre-long anomaly grading up to 186 grams of silver per tonne (g/t) in the soils, with rock chips of more than 1000g/t silver and 10g/t gold.
Additionally, multiple gold in soil anomalies were identified, associated with both the large silver anomaly and several stand-alone anomalies, which are in turn associated with known veins or extensions of known structures, or newly defined targets.
This data will be used to further define drilling targets, with drilling to commence later this quarter.
The Humboldt Range Project includes 318 lode mining claims in Nevada in two claim groups: Black Canyon and Fourth of July.
On market close for the day PolarX was down 2.94 per cent, trading at 3.3 cents per share.