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PolarX raises Alaska Range drilling funds

North of 60 Mining News – May 18, 2018

 

Last updated 9/25/2020 at 4:54am

Australian mineral exploration junior gold copper skarn Alaska Millrock

Kyle Negri, Courtesy of Millrock Resources Inc.

Drilling carried out at Zackly in 2017 provided the data needed to calculate a JORC-compliant resource with 90.8 million lb of copper, 213,000 oz of gold and 1.5 million oz of silver contained in this skarn deposit at the Alaska Range project.

PolarX Ltd. May 15 announced that it has raised AU$2.5 million for exploration and development activities on the Alaska Range copper project in Alaska.

The financing involved the issuance of roughly 24 million shares at a price of AU10.5 cents per share.

Initial exploration at Alaska Range will focus on expanding the Zackly copper-gold-silver skarn deposit.

In March, PolarX announced a maiden A...



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