Big Law

Polarx Ltd Acquires Rights to Gold-Silver Project in Nevada

PolarX Ltd (ASX:PXX) (FRA:PX0) has secured an option to acquire a mining lease agreement over the highly prospective Humboldt Range Gold-Silver Project in Nevada, which comprises 177 lode mining claims. 

The option gives PolarX a 120-day exclusive period to finalize technical and legal due diligence on the project. 

PolarX managing director Frazer Tabeart said Humboldt Range would enable the company to leverage its existing management team at its Alaska Range Project and give it near year-round news flow.

“Surface grades from rock-chip sampling and mine dumps at Humboldt Range are exceptionally high, with multiple samples exceeding 100 g/t gold along with high-grade silver, lead, and zinc.

“It’s surrounded by large producing mines, which shows the geology is conducive to significant modern scale operations.

Read the source article at Proactive Investors Limited

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