PXX
an exciting junior with porphyry targets in Alaska
had a big run a few years back and runs each northern summer
has had encouraging results at Zackly over the time
own a 35km trend with multiple targets
Lundin Mining has just bought 14% at 8c for $4.3m and paying U.S $20m to PXX over 3 years for 51% of select projects Excluding Zackly which remains 100% PXX.
the initial $4.3m will be used to explore this year and the JV will start in January 2020
a 1 for 7 Rights Issue at 8c has been initiated this week
PXX will almost certainly never need another CR upon signing of the JV
it looks a far better prospect in terms of deposits and targets than most juniors
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