Mining News: Stellar drilling tops expectations

PolarX Ltd. Nov. 23 reported that assays from the first five holes drilled at Zackly confirm the high‐grade copper-gold mineralization in this skarn deposit on the Stellar property. Significant results from the first five holes include: 14.5 meters of2.5 percent copper and 2 grams per metric ton gold from a depth of 34.9 meters; 5.3 meters of 2 percent copper and 2.7 g/t gold from 9.7 meters; and 3.5 meters of 3.9 percent copper and 2.2 g/t gold from 99.1 meters. PolarX said these grades exceed those from historical drilling. A historical resource for Zackly outlines 1.54 million metric tons grading 4.5 g/t (218,944 ounces) gold and 2.9 percent (66.9 million pounds) copper. This year’s 13-hole drill program at Zackly included 11 holes designed to validate previous drill intersections and better define the deposit. In addition to the stellar grades, PolarX said some of this year’s holes cut mineralization over significantly wider intercepts than their historic twins. These results will help underpin a revision of the historical copper and gold resource to Australian Joint Ore Reserves Committee (JORC) mineral reporting standards, which is similar to National Instrument 43-101 standards in Canada. Results from eight holes are pending and the updated mineral resource for Zackly is slated for completion early in 2018. PolarX, which acquired Stellar earlier this year, has combined it with the neighboring Caribou Dome copper property and renamed the merged properties the Alaska Range project. Millrock Resources Inc., which owns a 10.74 percent interest in PolarX, executed the 2017 drill program at Zackly.

–SHANE LASLEY

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