PRNewsWire
28 May 2026, 15:44 UTC · 3h ago
Source · https://www.prnewswire.com/news-releases/polarx-announces-outstanding-geophysics-results-and-sampling-assays-from-their-alaska-range-project-302784710.html
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PolarX identified a large magnetic body 3.5km in diameter at the Alaska Range Project, indicating potential for a major copper-gold system. — The discovery of a large-scale geophysical anomaly suggests a significant increase in the potential resource size, which is a primary driver for junior mining valuations.
+0.60Surface sampling assays at the Jupiter and Mars prospects returned widespread high-grade copper and gold results. — High-grade surface results validate the geophysical data and increase the probability of economic mineralization.
+0.50A 2024 Spring Scoping Study for the Alaska Range Mine Development projects a pre-tax NPV of A$625m and a 74% IRR. — Strong economic indicators and a short 1.6-year payback period make the project highly attractive for investors and potential partners.
+0.40Ticker attribution
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The company announced outstanding geophysics results and sampling assays highlighting potential for a major copper-gold system.
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