(Kitco News) - Like its neighbor Yukon, Alaska is on the verge of a mining and exploration boom, this according to Frazer Tabeart, managing director of PolarX Ltd (ASX: PXX).
The prospect of a second gold rush in the north has prompted several Australian miners, including PolarX, to set up shop there, despite the harsh climate.
Tabeart said that the last two year saw the most mining activity in Alaska in the last decade, which has caught the attention of Australian miners.
"We certainly think it's got potential to grow substantially," Tabeart said, speaking on PolarX's gold and copper projects in Alaska. "The goal for the rest of the year is to continue drilling that with the view that if double or triple the size of that, which is very plausible, we then think we've got something that's going to be of a mineable scale."
Alaska has a reputation for being a safe, reliable jurisdiction, but mining during the winters can pose a challenge, said Tabeart.
"Drilling in winter is difficult. We would typically, in our exploration phase, restrict our drilling activities to the May to October period," Tabeart told Kitco News on the sidelines of the Noosa Mining & Exploration Conference in Australia.