News Articles for PolarX

In this edition of Bulls N' Bears Big Hits we examine some notable drill intercepts revealed on the ASX last week, including Australian Gold and Copper's Achilles discovery at its South Cobar gold-silver-copper project near Cobar in NSW. We also take a close look at other interesting drill hits from last week as reported by Laramide Resources' from its Westmoreland uranium project in Queensland and PolarX from its Caribou Dome project in Alaska, USA.

In this week's edition of Bulls N' Bears Big Hits, we examine some of the notable drill intersections revealed on the ASX, including WIA Gold's 4m at 87.43g/t gold from 79m at its Bouaflé project in Côte d'Ivoire. We also take a look at other interesting drill hits by Turaco Gold from its Côte d'Ivoire deposit and PolarX from its copper project in Alaska.

An updated scoping study by PolarX for its Alaska Range copper-gold play shows a total EBITDA of US$573 million over a 9.5-year mine life at a post-construction average annual free cash flow of US$53 million. The positive study shows mining and processing are scheduled to begin with an open-pit operation at the company's Caribou Dome site, followed by underground mining at its Zackly deposit.

Recent surveys by PolarX at its Humboldt Range claims area in Nevada have identified several geophysical anomalies coinciding with surface gold anomalies and faults within both its Black Canyon and Fourth of July projects. At Black Canyon, the survey has extended the priority drill target out to 2.7km of strike, coincident with the Rochester Rhyolite Formation – a known gold-silver host.

PolarX has pumped up the mineral resource estimate at its Caribou Dome project in Alaska by 160 per cent to 7.2 million tonnes going 3.1 per cent copper and 6.5 grams per tonne silver after a successful drilling campaign. Management says the contained metal at the project now sits at 224,375 tonnes of copper and 1.5 million ounces of silver.

PolarX has kicked off a series of induced polarisation surveys across its Humboldt Range operation in Nevada as it follows up gold and silver anomalies from its earlier soil-sampling programs. The surveys will be used to identify targets for follow-up drilling across the company's Fourth of July and Black Canyon projects in a bid to replicate the multi-million-ounce deposits that sit nearby.

RC drilling at PolarX's based gold-silver project in Nevada, USA has defined structural targets for high-grade gold within a bulk tonnage hydrothermal mineralised system environment. Exploration revealed extensive gold mineralisation associated with weak sulphides at the company's Star Canyon prospect. Surrounded by large gold-silver heap leach mines the explorer is pursuing bulk tonnage heap leach gold-silver targets.

PolarX has attracted the attention of a prominent new shareholder after mega miner Northern Star Resources snapped up a 10 per cent holding in the Perth-based company following a $1.48 million investment in the operation. Polar X has now raised $3.63 million since November as it eyes future developments at its Humboldt Range project in Nevada, USA.

ASX-listed PolarX is firing up the drill rigs in the snow-covered Nevada mountains on the hunt for some US Christmas gold to ring in the new year at its Star Canyon prospect.

USA-focused mineral explorer PolarX has been buoyed by a recently completed scoping study on its Alaska Range copper-gold project highlighting a potential NPV of $103m from the combined mining of the project's high-grade Zackly copper-gold-silver and Caribou Dome copper deposits. It also confirmed the project's potential viability and leverage from future resource expansions.

After recent channel sampling efforts, mineral explorer PolarX has uncovered a new extensive gold and silver intercept at surface within a large outcropping vein system at the company's Humboldt Range gold and silver project in Nevada. Two of the channels combine to form one 69m long mineralised surface interval going 1.1 g/t gold and 7.65 g/t silver.

PolarX has launched a channel sampling program across an outcropping gold-infused vein system at its Golden Staircase precious metal target, part of its larger Humboldt Range project in Nevada, USA. The campaign is aimed at testing highly prospective targets within earshot of a recently struck 9.1m intersection that ran a dazzling 124 grams per tonne gold from just 27.4m.

Our board moves wrap includes Alwyn Vorster, Nicholas Ong, Arthur Ma, Elizabeth Lee, Rowan Johnston, Jason Berton, Mark Bojanjac, and Frazer Tabeart.

Junior explorer PolarX has hit a 9.1m intersection running a stellar 124 g/t gold from a shallow 27.4m in its maiden RC drilling campaign at the company's Humboldt Range project in Nevada. The stellar intersection contained an exceptionally high-grade zone of 3m at 371 g/t gold and 143.5 g/t silver with the same hole going on to deliver another 73.2m going 0.28 g/t gold and ending in mineralisation.

Mineralisation has been observed in all holes drilled in the latest campaign by PolarX at its Star Canyon gold-silver target at the northern end of its overarching Humboldt Range project in Nevada, USA. The explorer says it's a strong start to the program with visual results consistent with the styles of alteration and mineralisation seen in the region. It's now heading south to drill a further 10 holes.

The drill bit is now turning for mineral explorer PolarX in its 3000m RC drilling program into the highly-prospective gold-silver Star Canyon target within its Humboldt Range project in Nevada. Ten holes are to be drilled at Star Canyon inside PolarX's Black Canyon northern group of lode claims, followed by another flurry of 10 holes at the Fourth of July claims to the south.

PolarX has expansion plans for its high-grade copper Caribou Dome deposit in Alaska. It sees potential for increasing both the average grade and tonnage of its existing resource already holding 2.8Mt of ore grading a respectable 3.1 per cent copper. The company says recently reported results have prompted a full review of the resource model and a new drilling campaign.

Infill drilling by ASX-listed PolarX at its Caribou Dome copper deposit in Alaska has returned assays hitting an eye-watering 15 per cent copper underscoring the uber high-grade potential at the project. One notable intercept returned 19.09 metres at 7 per cent copper from 45m downhole and contained a high-grade interval of 3.98m going a staggering 14.8 per cent copper.

ASX-listed explorer PolarX's Humboldt Range gold-silver project in Nevada looks to be screaming out to be drilled as strong sampling results confirm a large and highly promising target. The Perth-based company is in the final stages of securing a rig to sink some holes into what is fast becoming a high priority project at the Black Canyon lode claim.

ASX-listed PolarX is gearing up to drill test further gold-silver prospects at its Humboldt Range Project in Nevada, USA, with a 3000m reverse circulation drill program planned to start in the next few weeks. Ten holes will test three targets in the Fourth of July claims, with another ten holes planned for targets at Star Canyon.

Mineral exploration company, PolarX has wrapped up a quartet of significant exploration programs in as many months at its Caribou Dome copper project in Alaska and its Humboldt-Range gold-silver project in Nevada. The company has confirmed visual mineralisation across a number of exploration programs and assays are now pending and will be highly anticipated across all four programs.

Mineral exploration company, PolarX has staked an additional 15 claims in the heart of the historic US historic mining mecca state of Nevada. The company says it has now confirmed several large gold-in-soil anomalies at its new Black Canyon tenue, within its existing high-grade Humboldt Range where, amazingly past rock chip sampling returned multiple assays going more than 100 grams per tonne gold, including a spectacular peak value of 512.7g/t gold.

Multi-mineral explorer, PolarX is set to extend its Alaska Range Project with recently completed diamond drilling at the Caribou Dome Copper deposit hitting finely disseminated native copper in four drill holes. The vein-hosted mineralisation currently extends 1.1 kilometres and the discovery has potential to grow the existing resource at Alaska Range which comprises both the Caribou Dome and the Zackly deposit.

Diamond drilling by PolarX at its high-grade Caribou Dome copper prospect in Alaska has intercepted massive sulphides in the opening holes of its 1500m diamond drilling program. Several 2m - 11m thick zones of possible copper-bearing massive sulphides were logged in the first three drill holes of the drill program that is designed to test three new targets and provide fresh samples for metallurgical test work.

ASX-listed PolarX has detected three large, high-grade, gold-in-soil anomalies at its Black Canyon claims within its Humboldt Range Project in Nevada, USA. The company has turned up some promising soil samples assaying up to a serious 793 parts per billion gold, rock-chip samples going an impressive 43.8 g/t gold and an 86.1 g/t silver.

PolarX is making the most of the Alaskan summer and has already put a diamond drill rig on the ground at its high-grade Caribou Dome copper discovery north of Anchorage. The timely move into drilling has been prompted in part by the recent skyward move in the price of the lucrative red metal, which reached all-time highs of US$10,780 per tonne in early May.

ASX-listed base and precious metals explorer PolarX is aiming to get a drill rig into action soon at its Humboldt Range silver-gold project in Nevada, USA, after outlining several substantial, high-grade epithermal silver-gold anomalies at its Fourth of July claims. A major 3.5km-long anomaly has been identified grading up to 186g/t silver in the soils and with rock-chips going at more than 1,000g/t silver and 10g/t gold.

ASX-listed base and precious metals explorer PolarX is gearing up to kick off a new round of diamond drilling at the Caribou Dome copper project, about 250km north-east of Anchorage in Alaska, USA. The company says it has locked in a drilling contractor for the program that is planned to start in August this year with an aggregate drill coverage of at least 1,500m.

Recently announced bonanza silver and some impressive gold assays from a massive rock chip sampling program has prompted PolarX to expand its tenement holdings in Nevada's Humboldt Range. The company says it has secured extensions of known mineralised gold-silver veins and newly discovered mineralised breccias in 358.7 hectares of additional ground.

Rock chip samples from PolarX's Black Canyon claims in Nevada have given up some spectacular silver grades and impressive gold values. Some silver assays were above 1,000 grams/tonne, or more than 32 ounces to the tonne silver. The samples come from Nevada's Humboldt Range.

PolarX has been quick to get more samples to the lab after previous samples from its Humboldt Range project in Nevada threw up some crazy grades including 3,384 g/t gold and 2,837 g/t silver. The company says it is now eagerly awaiting assays from the new samples which it says are progressing well through the system.

ASX-listed explorer, PolarX is getting down to business at its newly acquired Humboldt Range gold-silver project in a multi-million-ounce mining region of Nevada. In-field drill-targeting has commenced at the Fourth of July and Black Canyon landholdings where off the chart samples going as high as 3,384 grams per tonne gold and 2,837 grams per tonne silver were previously recorded.

Perth-based explorer PolarX Limited is expanding its footprint in America by proceeding with the acquisition of the high-grade gold and silver Humboldt Range project in Nevada. Off the charts samples grading as high as 3,384.14 g/t gold and 2,083.3 g/t silver highlight the potential of the project in the multi-million-ounce American mining region.

PolarX has expanded its ground holding in Nevada, pegging an additional 96 mining claims across the Fourth of July prospect area in the gold-rich Humboldt Range. The new leases provide the company with contiguous coverage along more than 6 kilometres of strike, taking in a host of historical mine workings which have returned assays of up to 15.28 grams per tonne gold and an incredible 2639.3 g/t silver.

PolarX is edging closer to the development of its copper-gold deposits in Alaska, with results from its recent drilling campaign at the Zackly skarn discovery highlighting the potential of the project and triggering the planning of a scoping study. The new study will include metallurgical test work and an economic evaluation of the metal-rich assets in the mountains of the northern US state.

PolarX has tabled a treasure trove of high-grade gold and silver results from the first-pass sampling program at its Humboldt Range project in the western United States, with several samples returning assays grading over an ounce to the tonne gold. They include assays of 37.7 grams per tonne gold, 31.2 g/t gold and a stunning 1590 g/t silver.

ASX-listed explorer, PolarX has struck a deal that gives it an exclusive option to acquire the historic Humboldt Range gold-silver project in north-western Nevada in the US nearby two producing mines. The Perth-based company says rock chip and grab samples taken at Humboldt Range between 2005 and 2009 maxed out at 3,384 grams per tonne gold and 2,836.6 g/t silver.

PolarX's drilling program over its Zackly East discovery in Alaska has extended the strike length of the prospect to more than 300 metres and continued to return anomalous intercepts including 1.5 metres at 5 grams per tonne, 3.15 per cent copper and 26 grams per tonne silver from only 11.6 metres down-hole.

ASX-listed PolarX has secured significantly improved terms on its option to acquire an 80 per cent interest in the Alaskan Caribou Dome copper deposit and a 90 per cent interest in the adjacent Senator property. The company has extended its option another three years to 6 June 2024 allowing future expenditure to the vendor to be spread across the next four years.

PolarX has laid out a schedule for when the company expects to be receiving further copper and gold results from its Alaskan discovery at Zackly. It would appear that on top of the challenges posed by exploration in the wilds of the arctic, the current surge in exploration activity across the globe has caught many laboratories by surprise, with delays in reporting being experienced by most mining and exploration companies.