PolarX Ltd.'s estimated a maiden JORC-compliant inferred resource for the Zackly copper-gold deposit in Alaska, part of its Alaska Range project, of 3.4 million tonnes grading 1.2% copper, 2.0 g/t gold and 14.0 g/t silver from surface.
The deposit hosts contained metal of 41,200 tonnes of copper, 213,000 ounces of gold and 1.5 million ounces of silver, at a 0.5% copper cutoff.
It is open for extension along strike and at depth, and the company plans to kick off extensive drilling at several prospects in the coming quarter, it said March 20.
The Caribou Dome deposit, located 20 kilometers southwest of Zackly, has a JORC-complaint resource of 2.8 million tonnes at 3.1% copper, at a 0.50% copper cut-off grade from surface.
PolarX is planning further exploration and drilling in the next quarter to grow resources at Zackly and Caribou Dome, and to test the Mars and Moonwalk prospects.