Maiden drilling by PolarX in Nevada hits bonanza gold intercept

Perth-based PolarX (ASX: PXX) experiences that its first reverse circulation drilling at Star Canyon in Nevada has intersected 124.36 grams per tonne gold over 9.1m.

Star Canyon is lower than 3km from the presently working Florida Canyon mine, which floor hosts 5 million ounces of gold and is owned by Toronto-listed Argonaut Gold.

The undertaking can also be close to the Rochester silver-gold mine owned by NYSE-listed main Coeur Mining.

PolarX is exploring for high-grade gold and silver veins, with that 9.1m intersect additionally returning 48.6g/t silver, and the outlet having a higher-grade interval of 3m at 371g/t gold and 143.5g/t silver. Mineralisation started 27.4m down gap.

Different assays included 73.2m at 0.28g/t (the outlet ending nonetheless in mineralisation), 42.7m at 0.32g/t gold (together with 25m at 0.48g/t) and 61m at 0.19g/t.

Broad Carlin-style mineralisation confirmed, mineralisation nonetheless open

The corporate says broad Carlin-style stays open and largely untested for bonanza grade veins.

The Carlin Pattern in Nevada, 80km lengthy and 64km vast in locations, is probably the most prolific gold producing construction in North America.

PolarX is specializing in a gold-silver drill goal close to the top of Star Canyon within the Black Canyon claims inside its Humboldt Vary undertaking in Nevada.

Extra zones with ‘bonanza’ grade potential

The Star Canyon prospect lies throughout the Black Canyon claims on the northern finish of the Humboldt Vary

“The Star Canyon prospect is a part of a a lot bigger anomalous gold and silver zone recognized to comprise many different mineralised veins with bonanza grade potential,” the corporate says.

The maiden reverse circulation drill program at Star Canyon consisted of 10 reverse circulation percussion holes to check the sturdy gold and silver anomaly recognized in PolarX’s soil sampling program.

Quartz veins recognized within the historic Champion mine workings at Star Canyon dip steeply to the west and could be traced for about 450m alongside an intense zone of quartz veining and silica flooding, the corporate acknowledged.

This zone stays untested outdoors one gap as a result of west dipping inclinations of all different drill holes in this system being unable to intercept the steep west dipping vein buildings from their drill pads.

Entry to the mine is restricted however solely minor floor disturbance signifies mining actions at Champion weren’t intensive.