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PolarX drills five holes at Zackly copper-gold deposit in Alaska

Published 23 November 2017

Millrock Resources' partner PolarX has completed drilling program at the Alaska Range Project in Alaska.

Results from the first five holes of the program are reported. The Alaska Range Project is a new name given to the combined Stellar and Caribou Dome projects.

The work was executed by Millrock on behalf of PolarX. Millrock presently owns 10.74% of the issued and outstanding shares of PolarX and is entitled to certain milestone and royalty payments on portions of the project.

Assay results from the first five holes drilled into the deposit confirm the presence of high-grade copper and gold from near surface.

PolarX reported the following highlights drill intervals:

  • 14.5m @ 2.5% Cu and 2.0 g/t Au from 34.9m in hole ZM-17007
  • 5.3m @ 2.0% Cu and 2.7 g/t Au from 9.7m in hole ZM-17006
  • 3.5m @ 3.9% Cu and 2.2 g/t Au from 99.1m in hole ZM-17002
  • 2.8m @ 2.6% Cu and 0.5 g/t Au from 227.4m in hole ZM-17005

Note: The mineralized intervals reported are down-hole, measured thickness. There is insufficient interpretation of the mineralization to confidently report "true widths". However, it is noted that the mineralized lenses appear to be relatively steeply dipping. As such, "true widths", depending on hole dip angle, will be 50% to 60% of the reported down-hole, measured thickness.

PolarX also reported that the results indicate:

  • mineralization is over wider intervals than previously expected (in comparison to historic drilling in two of the first holes); and
  • the deposit extends further along strike than previously thought; and
  • it remains open along strike and at depth.