The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
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Pogo Mine owner is underwriting A$4.9M financing by Australia-based junior exploring Alaska Range. PolarX Ltd. Feb. 27 announced that Northern Star Resources Ltd. has agreed to participate in a financing that would earn the Australia-based gold producer a 28.5% interest in the junior exploration company. Both Australia-based companies have interests in Alaska – Northern Star owns and operates the high-grade Pogo gold mine, and PolarX is exploring the district-scale Alaska R...
PolarX Ltd. Oct. 3 announced that it has initiated a metallurgical testing program focused on improving copper recovery and concentrate grades at Caribou Dome, as well as gold recovery at Zackly, which could improve the economics of establishing a mine on its Alaska Range project. Lying about 175 miles (280 kilometers) northeast of Anchorage, Alaska, the Alaska Range project is a roughly 22-mile- (35 kilometers) long land package that covers multiple copper, gold, and silver...
PolarX Ltd. Aug. 27 published the results from an updated scoping study for its Alaska Range project that incorporates a much larger resource for the Caribou Dome copper deposit. A 2022 Alaska Range scoping study investigated the potential of building a central mill that would process ore from Caribou Dome and Zackly, the two most advanced deposits on the roughly 22-mile- (35 kilometers) long Alaska Range property. This study envisioned an open-pit mine at the Caribou Dome...
PolarX Ltd. June 13 announced a massive increase in the quantities of copper and silver contained within the Caribou Dome deposit on its Alaska Range project. According to the updated resource estimate, Caribou Dome now hosts 7.2 million metric tons of measured, indicated, and inferred resources averaging 3.1% (224,375 metric tons) copper and 6.5 grams per metric ton (1.5 million oz) silver. This is 2.6 times the contained copper than in a 2017 resource estimate and is the fir...
Northern Star Resources Ltd. Dec. 21 acquired a 10% interest in mineral exploration company PolarX Ltd. Both Australia-based companies have interests in Alaska – Northern Star owns and operates the high-grade Pogo gold mine, and PolarX is exploring the district-scale Alaska Range copper-gold-silver project about 100 miles (165 kilometers) southwest of Pogo. For Northern Star, Pogo Mine is the company's first operation outside of Australia. The major gold producer with a m...
Study shows mine is feasible, could be enhanced with more exploration. A scoping study provides the first glimpse of potential mines at the Zackly and Caribou Dome deposits on PolarX Ltd.'s Alaska Range copper-gold project. Spanning a roughly 22-mile- (35 kilometers) long stretch of its namesake cordillera, the Alaska Range project is rich in copper and gold deposits and occurrences. The two most advanced of these are Zackly, a high-grade gold-copper-silver skarn deposit that...
PolarX Ltd. March 15 announced that it plans to carry out further drilling this year to expand upon the very high-grade copper mineralization encountered last year at its Caribou Dome project in Alaska. Located toward the western end of the Australia-based company's 22-mile- (35 kilometers) long Alaska Range property, Caribou Dome hosts 2.8 million metric tons of combined measured, indicated, and inferred resources averaging 3.1% (189.6 million pounds) copper in nine lenses of...
PolarX Ltd. Feb. 23 reported that its 2021 drill program at Caribou Dome has tapped thick lenses of high-grade copper that the outstanding quality of the mineral resource and potential for developing a mine at this deposit on the Australia-based company's Alaska Range property. As its name suggests, this property covers a 22-mile- (35 kilometers) long stretch of the majestic and mineral-rich Alaska mountain range that arcs across the middle of the Far North state. PolarX'...
Goldman Sachs' declaration that "copper is the new oil" may serve as a foreshadowing of Alaska's economic future, one that is not so heavily reliant on the revenues from petroleum flowing from the North Slope and leans more heavily on the state's rich endowment of precious, critical, and base metals. The investment bank's suggestion that copper is to become the strategically most important commodity on Earth is due to the vital role the conductive metal plays in global...
During a 2021 exploration program focused largely on collecting further geological and metallurgical data for a scoping study on establishing a mine at its Alaska Range property, PolarX Ltd. made a game-changing high-grade copper discovery. As its name suggests, this property covers a 22-mile- (35 kilometers) long stretch of the majestic and mineral-rich Alaska mountain range that arcs across the middle of the Far North state. PolarX' 2021 program focused on two high-grade...
As an Alaska Native Claims Settlement Act regional corporation that is balancing traditional values with economic opportunities across a 26-million-acre picturesque and resource-rich traditional region at the epicenter of Alaska's highway system, Ahtna Inc. lies at a literal and figurative crossroads. Bordered by the majestic Alaska Range to the north, the equally beautiful Chugach Mountains to the south, the Canadian border to the east, and the Denali National Park to the...
PolarX Ltd. Oct. 5 reported that its 2021 core drill program at Caribou Dome discovered widespread zones of finely disseminated and vein-hosted native copper over a 1,200-meter-long corridor on this project in Alaska. Part of PolarX' larger Alaska Range property, Caribou Dome hosts 2.8 million metric tons of combined measured, indicated, and inferred resources averaging 3.1% (189.6 million pounds) copper in nine lenses of volcanic sediment-hosted mineralization. The Australia-...
PolarX Ltd. Aug. 31 reported that the first three holes of its 2021 drill program at the Caribou Dome project in Alaska have cut multiple zones of copper-bearing massive sulfides. "These samples look spectacular," said PolarX Managing Director Frazer Tabeart, who is at Caribou Dome for the duration of the drill program. "They are close to holes from 2015 and 2016 which yielded up to 51.1 meters at 5.3% copper." Part of PolarX' larger Alaska Range property, Caribou Dome hosts...
Accounting for at least US$100 million invested in mineral exploration and mine development in Alaska during 2021, Australian companies continue to work along the entire breadth of the Last Frontier's mining industry – from discovery to doré. Following a year in which COVID-19 protocols and travel restrictions made exploring Alaska challenging, especially for companies headquartered half a world away, this impressive investment in Alaska's mining sector demonstrates that Do...
High-grade deposits rich in copper, gold, and silver to bulk tonnage porphyry targets sought after by many of the world's major copper producers, Australia-based PolarX Ltd. has no shortage of targets to explore across its 22-mile- (35 kilometers) long Alaska Range property. As its name suggests, this property lies within the majestic and mineral-rich mountain range that arcs across the middle of the Far North state. PolarX' 2021 program is focused on two high-grade copper...
PolarX Ltd. June 22 announced plans to complete at least 1,500 meters of core drilling this year at Caribou Dome, a high-grade copper project on its Alaska Range property. Discovered in 1963, Caribou Dome hosts 2.8 million metric tons of combined measured, indicated, and inferred resources averaging 3.1% (189.6 million pounds) copper in nine lenses of volcanic sediment-hosted mineralization. PolarX says historical exploration revealed these lenses show strong copper anomalism...
PolarX Ltd. Feb. 10 reported that sophisticated and professional investors have committed to a A$5 million (US$3.9 million) financing that will fund further exploration of the Australia-based company's exploration at the Alaska Range gold-copper property and Humboldt Range gold-silver project in Nevada. "We are delighted with the response to our capital raising, particularly the strong support from our existing shareholders, and we welcome the new shareholders to our register,...
Strong metal prices and an infusion of cash from notable resource investors helped to salvage much of a 2020 mineral exploration season in Alaska that became lethargic with disruptions, delays, and shelving of field programs infected by the COVID-19 pandemic early in the year. At its onset, 2020 was looking like it would be the best year for Alaska's mining sector in a decade. Australia-based mining companies were slated to invest nearly US$100 million in mineral exploration...
Australia-based PolarX Ltd. has refocused its Alaska exploration on the Zackly high-grade copper-gold-silver skarn on its roughly 100-square-mile (261 square kilometers) Alaska Range property. Blanketing 22 miles (35 kilometers) of copper-rich geology stretching across the southern slopes of the mountains for which it is named, Alaska Range consists of two adjacent copper and precious metal projects – Stellar and Caribou Dome. Zackly skarn is found in the middle of a 7...
Whether it is the exponential growth in electric vehicles traveling global highways, the massive need for storing energy at solar and wind electrical generating facilities, or cutting the cords on our electronic devices, the world is becoming increasingly dependent on lithium-ion batteries. And this is driving up the demand for cobalt, a critical safety ingredient in the cathodes of these energy storage cells. "Globally, the leading use is in the manufacture of cathode materia...
PolarX Ltd. Dec. 17 reported that its 2020 drilling continues to encounter near-surface copper-gold mineralization at Zackly East, and geophysics has identified a new porphyry target associated with the high-grade skarn mineralization the company expanded this year on its Alaska Range property. Covering a 22-mile (35 kilometers) copper-rich trend along the southern slopes of the mountains for which it is named, Alaska Range consists of two adjacent copper and precious metal...
Considering the global shift to low-carbon energy and electric mobility, copper is the most vital metal not on the United States Geological Survey's list of 35 minerals and metals considered critical to America's economic wellbeing and security. Copper's importance is due to the rapidly emerging electric vehicle, wind turbines and photovoltaic (PV) solar technologies need a lot more copper than the combustion cars and power plants they are replacing. It is estimated that the...
PolarX Ltd. Sept. 14 reported that this summer's drilling has encountered strong near-surface copper-gold mineralization at Zackly East, extending this emerging new resource area on the company's Alaska Range property by 320 meters along strike at the Zackly East. "Zackly East is fast becoming a substantial discovery with great scope for further growth," said PolarX Managing Director Frazer Tabeart. Alaska Range consists of two adjacent copper and precious metal projects – S...
PolarX Ltd. June 18 said it has secured the funds needed to carry out its 2020 drill program at Zackly East and plans to have drills turning on this high-grade gold-copper skarn in about four weeks. The Australia-based mineral explorer said sophisticated and professional investors have committed to acquiring roughly 99 million PolarX shares at A3.8 cents each, which will gross the company approximately A$3.76 million (US$2.58 million). PolarX said the net proceeds from the...
PolarX Ltd. May 19 announced plans to carry out a roughly 3,000-meter drill program to test the high-grade copper and gold previously encountered in the Zackly East skarn deposit on its Alaska Range property Extending for roughly 22 miles (35 kilometers), Alaska Range consists of two adjacent copper and precious metal projects – Stellar and Caribou Dome – the Australia-based explorer merged in 2017. Zackly skarn is found in the middle of a 7.5-mile- (12 kilometers) long min...
