EXPLORATION & DEVELOPMENT

Hot copper hits as PolarX nears scoping results

Infill drilling results and development work continuing

This article is 3 years old. Images might not display.

The drilling included a headline grabbing 19.1m grading 7% copper from 45m, with the true width estimated at 12.6m.

Caribou Dome current resource is 2.8 million tonnes at 3.1% copper, while the nearby Zackly resource is 3.4Mt at 1.2% copper and 2 grams per tonne gold.

Scoping work is due to be completed this quarter.

Caribou Dome project is located about 250km northeast of Anchorage in Alaska, USA.

On 25 February 2015, PolarX secured the right to acquire an 80% interest in the weather season-constrained project.

Last year the company broadened its focus to a gold project in Nevada to better optimise its exploration business and help ensure more consistent market newsflow.

PolarX had A$1.6 million cash at the end of the December quarter.

Shares in PolarX were up 6% to 3.7c in morning trade, capitalising the company at $26.4 million.

Expert-led Insights reports and Analytics tools built on robust data, rigorous analysis and expert commentary covering mining Risk, Projects, ESG, Leadership, and Investor Sentiment.

Expert-led Insights reports and Analytics tools built on robust data, rigorous analysis and expert commentary covering mining Risk, Projects, ESG, Leadership, and Investor Sentiment.

editions

Leadership Insights 2025

Leadership Insights reveals key trends in priority mining issues through interviews with 15+ top mining company executives and an industrywide survey.

editions

Mining IQ Risk Analytics

Risk Analytics offers interactive access to World Risk Insight data, allowing you to customise risk views, benchmark jurisdictions, explore data behind scores and read expert commentary to guide your decision-making.

editions

Project Pipeline Index 2025

View our 50 top mining projects, handpicked using a unique, objective selection process from an expanded database of 600+ global assets.

editions

MiningNews.net Research Report 2025

The MNN Research Report 2025 provides insights into critical mining themes in Australia/Oceania, including top projects, C-suite priorities, risk, ESG performance and investor sentiment.