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PolarX: Reports underwhelming results from Alaska project

December 18, 2020

PolarX (PXX) has received a fresh batch of assays from its Zackly East prospect at the Alaska Range project, with mixed results at best
While the mineralised footprint has extended substantially, the single high-grade result is hardly worth writing home about
A 1.5-metre sample returned grades of 5.01 grams per tonne gold (g/t), 3.15 per cent copper and 26g/t silver, from over 1200 metres of drilling
Despite the mediocre results, the company remains bullish about the prospect of larger porphyry discoveries which are ‘feeder’ sources for the known mineralisatio
The company is planning further drilling to test priority targets, in particular the five potential porphyry targets across Alaska Range
Polar X closed Thursday’s session 21.05 per cent lower at an even 3 cents per share