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  • PolarX (PXX) hits up to 124 grams of gold per tonne at the Star Canyon prospect within its Humboldt Range Project in Nevada, USA
  • The company dubbed its latest assays as “outstanding,” and confirmed bonanza gold and silver grades in mineralised veins
  • The company says the finding demonstrate the potential for high grade veins to significantly increase the metal inventory of a large tonnage resource
  • In light of the results, PolarX says it will prioritise follow-up drilling at Star Canyon and the associated Ridgeline Target
  • PolarX shares last traded at 1.7 cents

PolarX (PXX) has hit up to 124 grams of gold per tonne at Star Canyon prospect within its Humboldt Range Project in Nevada, USA.

The company dubbed its latest assays as “outstanding,” and confirmed bonanza gold and silver grades in mineralised veins.

PolarX’s maiden reverse circulation drill program consisted of ten holes to test the gold and silver anomaly identified in February. The drill holes were largest set to west-dipping inclinations due to the angle of the terrain to test the bulk tonnage potential of the anomaly.  

Assay results from the program included 9.1 metres at 124.36 grams of gold per tonne (g/t) and 48.6 g/t silver from 27.4 metres to 36.6 metres depth, including three metres at 371g/t gold and 143.5g/t silver.

The mineralisation remains open and largely untested for the extension of the grade veins.

The company said the coincidence of the two mineralisation styles within the one project demonstrates the potential for high grade veins to significantly increase the metal inventory of a large tonnage resource, that could be amendable to a bulk mining operation.

In light of the results, PolarX said it will prioritise follow-up drilling at Star Canyon and the associated Ridgeline Target.

PolarX shares last traded at 1.7 cents on July 4.

PXX by the numbers
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