Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
The latest announcement is out from PolarX Ltd ( (AU:PXX) ).
PolarX has reported strong initial drilling results from the Ridgeline prospect at its Humboldt Range gold-silver project in Nevada, intersecting multiple wide gold-mineralised zones from surface over an 800-metre strike length. The program confirmed several mineralised trends within steeply dipping epithermal quartz veins in strongly altered rhyolite, with significant assays including up to 37 grams per tonne gold over high-grade intervals.
Only a portion of the 3.6-kilometre-long anomaly has been tested, and mineralisation remains open along strike and at depth, while silver assays from the same holes are still pending. On the back of these results, which the company says compare favourably with nearby operating mines, PolarX is moving quickly to plan a major follow-up drilling campaign to extend and better define the discovery, underscoring the project’s potential to materially enhance its exploration portfolio.
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 Australian-listed mineral exploration company focused on gold and silver projects, with a key asset in the Humboldt Range district of Nevada. The company is targeting epithermal gold-silver mineralisation hosted in Rochester Rhyolite and operates near several substantial producing mines owned by major North American mining companies.
Average Trading Volume: 3,255,014
Technical Sentiment Signal: Buy
Current Market Cap: A$54.5M
See more data about PXX stock on TipRanks’ Stock Analysis page.