PolarX Extends Humboldt Range Gold-Silver Potential With Strong Silver Assays at Ridgeline

PolarX Ltd ( (AU:PXX) ) has issued an announcement.

PolarX has reported strong silver assays from its first drilling campaign at the Ridgeline prospect within the Humboldt Range Project in Nevada, reinforcing earlier high-grade gold results from the same holes. The program has defined broad zones of near-surface gold-silver mineralisation within the Rochester Rhyolite host rock, with all drillholes ending in silver mineralisation and outlining an 800m strike within a larger 3.6km geochemical anomaly that remains open at depth and along strike.

Management says the extensive silver halo enveloping the drilling indicates a large epithermal gold-silver system with potential for grades to improve at depth, and notes that current gold grades compare favourably with nearby operating mines. On the back of these results, PolarX is rapidly advancing plans for a major follow-up drilling program to extend and further test the mineralised system across the broader Humboldt Range project area, highlighting significant upside exploration potential for stakeholders.

The most recent analyst rating on (AU:PXX) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on PolarX Ltd stock, see the AU:PXX Stock Forecast page.

More about PolarX Ltd

PolarX Limited is an ASX-listed mineral exploration company focused on gold and silver projects in North America, with a particular emphasis on its Humboldt Range Project in Nevada. The company is exploring the Black Canyon claim group, where the Ridgeline prospect lies close to several substantial producing gold and silver mines owned by major North American mining houses, underscoring the area’s proven mineral endowment.

Average Trading Volume: 3,325,738

Technical Sentiment Signal: Buy

Current Market Cap: A$46.33M

Find detailed analytics on PXX stock on TipRanks’ Stock Analysis page.