PXX 11.1% 1.0¢ polarx limited

Ann: Response to ASX Price Query, page-36

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  1. 1,623 Posts.
    lightbulb Created with Sketch. 1080
    I don't wan't to come across as a smart alec but the drilling is funded by PXX, albeit via placement to Lundin who don't start direct funding of exploration until a JV is signed which is hopefully the next stage when Lundin is happy that there is proof of concept i.e. signs of alteration but not necessarily a discovery hole.
    I can't remember exact details but the process for core is core prep on site, then transport to Anchorage for a flight to Vancouver for assaying, total time 4-6 weeks. PXX may decide to wait untill completion of the program, especially if there is no "discovery" hole.
    I guess we just have to wait.
    It may be that the more important holes in terms of finding gold & copper are those being drilled at Zackly after the Saturn program is complete. Finding 10Mt in total should be a laydown misere!
 
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