- PolarX (PXX) kicks off a reverse circulation drilling program at the Star Canyon target within its Humboldt Range Project in Nevada
- The 3000-metre drilling program is taking place at the “highly promising” gold-silver drill target near the head of Star Canyon
- At least ten holes have been planned and the program slated to be complete within four weeks
- The drill rig will then move south to drill a further ten holes, testing multiple targets for gold-silver mineralisation at the Fourth of July claims
- Shares in PolarX are down 4.76 per cent to $0.02 as of 11:56 am AEST
PolarX (PXX) has kicked off a 3000-metre reverse circulation drilling program at the Star Canyon target within its Humboldt Range Project in Nevada.
The drilling is taking place at the “highly promising” gold-silver drill target near the head of Star Canyon, with each hole being drilled to an average depth of 150 metres.
Previous infill soil sampling results and sample assays were said to further validate the Star Canyon drill target for bulk-tonnage gold and silver mineralisation at the northern end of the Humboldt Range Project.
These results included 54 metres at 17.3 grams of silver per tonne (g/t silver) and 0.22 g/t gold.
At least ten holes have been planned and the program is expected to be finished within roughly four weeks.
The drill rig will then move south to drill a further ten holes, testing multiple targets for gold-silver mineralisation at the Fourth of July claims.
This area is now considered the Black Canyon claim’s best-known target for large-tonnage, low to moderate grade gold-silver mineralisation.
Shares in PolarX are down 4.76 per cent to $0.02 as of 11:56 am AEST.