PXX - PolarX Limited

[System]

On January 25, 2013, Crescent Resources Corp changed its name to Coventry Resources Inc.

 

[Paavfc]

Has caught the eye the last couple of days....

 

[System]

On September 21st, 2017, Coventry Resources Limited (CYY) changed its name and ASX code to Polarx Limited (PXX).

 

[greggles]

PolarX getting some good copper sulphide hits at the Zackly copper‐gold deposit within its Alaska Range Project.

The current drilling program has now hit visible copper oxides 850m along strike from the Resource, visible gold 300m along strike from the Resource and visible copper and gold 100m below the Resource. The mineralisation remains open in all directions.

The current Zackly Inferred Resource of 41,000t of copper, 213,000oz of gold and 1.5Moz silver is expected to increase as a result of the current drilling program.

The PXX share price has risen from 8c to 15c in a few weeks. Volume has increased substantially. One to watch.

 

[greggles]

The PXX share price has surged 53% to 4.9c today after the company announced:

1. Sampling at the Humboldt Range Gold-Silver Project in Nevada has returned high grades of up to 37 g/t gold and 1590 g/t silver
2. Legal due diligence on track for completion this quarter
3. Field work at the Humboldt Range Project is scheduled to start in April

The Humboldt Range Project is finally starting to firm up and it looks like the market is in the process of re-rating PXX on the basis that the project is likely to go ahead.

 

[greggles]

PolarX targets high-grade Alaskan copper system

PXX is up 8.8% today but there has been no news announced. Drilling commenced earlier this month at the high-grade Caribou Dome Copper Project in Alaska, so I'm wondering if news could be leaking out from those on the ground?

 

[noirua]

PolarX (ASX:PXX) encounters "extensive" intercept at Golden Staircase, Nevada

PolarX (ASX:PXX) has encountered an 'extensive' surface gold and silver intercept at the Golden Staircase prospect in Nevada.

themarketherald.com.au

PolarX (PXX) has encountered an “extensive” surface gold and silver intercept at the Golden Staircase prospect in Nevada.

As part of its latest exploration work, PolarX sampled three continuous channel traverses at the Golden Staircase prospect in the project area, with a composited sample being taken along every 1.5-metre interval.

 

[frugal.rock]

Apparently NST has a 10% stake in this as of ... recently.

 

[frugal.rock]

I am aiming for wooden spoon award's in the monthly comp, which is why I didn't enter this.

 

[frugal.rock]

I am aiming for wooden spoon award's in the monthly comp, which is why I didn't enter this.

I'm serious. The company I put into the comp hasn't even released the quarterly yet.

Pffft, PXX only 60% up for the month...pffft.
Not held.

 

[frugal.rock]

Popping again, off no news.
I wish to change my April comp entry to the magnetic north attractor "Poleaxe"

 

[frugal.rock]

NST now holds 11.18% of PXX.
I've bought a little holding as a medium to long term hold.
NST entries into PXX below.

 

[frugal.rock]

Ruffer LLP (UK) also holds a considerable chunk and recently increased their holding.

 

[frugal.rock]

Chart update.

 

[frugal.rock]

Took way longer than expected... still holding though

View attachment 169686

 

[frugal.rock]

What's NST doing on the register of this minnow? Why bother? Just in case they accidently trip over some gold?


View attachment 174475

My interest in PXX is speculative, however NST interest and Ruffer as mentioned in previous posts, formed part of my interest.
Gold and copper prospects, both needed for a better world, apparently.
I was in later than I wanted, but am sitting on a 1 cent holding. I refused to sell recently at 1.5 cent, such is my hope/greed etc
Chart actually looks like it's doing a pennant for a breakout....

 

[frugal.rock]

I think I put this in for May comp.
Chart still hanging onto the pennant formation.
Range and volume reduced.
Something or nothing likely to happen. In May though? Dunno. It is heading into summer in Canucks territory though.
Take your pick, or shovel.

 

[Garpal Gumnut]

This is my pick for the June 24 Competition. A copper and gold miner north of Anchorage in Alaska. It was running low on cash until last month when it did an entitlement raise which has provided enough sticks to keep the fires going through the summer and autumn up there. The chart is much unchanged from @frugal.rock 's last month, it is ranging sideways nicely with some volume up and down over the last month.

gg

 

[Garpal Gumnut]

This pup was a pick for @frugal.rock in the May competition and for me this month. It appears to be at the upper end of a long trading range going back to the beginning of this year. So far no work except choosing which gloves with partners and dozer drivers. It may be worth keeping an eye on if it breaks up through resistance.



gg

 

[frugal.rock]

Today's bar draws a buy signal for me, I won't be adding though and it could be a false start.

Specs are receiving some sporadic individual love again. Sophs are talking about them again (for future reference), as being "cheap" ATM.