PXX 11.1% 1.0¢ polarx limited

Ann: Drilling to resume in four weeks at Zackly East, page-6

  1. 10
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    Here we go again pretending that a porphyry discovery can be achieved in a single drill hole......Reality is it takes 10s of $millions just to dial one in. That's why its JV territory with a major that can unlock a prize worth $billions and earn an interest.

    As I understand it, JV discussions continue but rather than waste this season just negotiating terms with majors during this Covid panic storm, the Co is cracking on at Zackly on its own. With 50m flat lying intercepts from surface grading 3g/t gold and 0.6% copper why wouldn't you - it adds immediate tangible value and its fast drilling.

    Finishing that Mars discovery hole and drilling another hole off the same pad whilst PolarX own 100% of everything could also certainly shake things up in a big way (eg Solgold) ....but how lucky would you need to be to drill a 1000m+ mineralized motza in the first 2 holes ??
 
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