Proactive Investors - Run By Investors For Investors

Buxton Resources confirms zones of nickel-copper-cobalt mineralisation at WA project

The company’s strategic alliance with Independence Group NL (ASX:IGO) will allow the exploration to occur at all projects, maximising the chance of exploration success.
Buxton Resources confirms zones of nickel-copper-cobalt mineralisation at WA project
Buxton’s goal is to create value through developing world-class precious and base metal deposits

Buxton Resources Limited (ASX:BUX) has confirmed well-developed zones of nickel-copper-cobalt mineralisation at its Double Magic Nickel-Copper Project in WA.

Laboratory assays from 2018 drilling at the Merlin prospect within Double Magic indicate all holes intersected visible nickel-copper sulphides, including numerous occurrences of brecciated massive sulphides.

Major work programs will soon begin across Buxton’s prospective exploration projects in WA.

 

 

Assays

Assays recorded up to 8.14% nickel, 5.26% copper and 0.69% cobalt with numerous large conductors relating to nickel-copper mineralisation remaining open along strike and at depth.

Other results include:

  • 6.60 metres at 3.47% nickel equivalent from 309.4 metres within 14 metres at 1.88% from 304 metres;

  • 2.19 metres at 5.24% from 236 metres within 6 metres at 2.4% from 236 metres; and

  • 9.90 metres at 1.50% from 242.7 metres within 15 metres at 1.06% from 242 metres.

West Kimberley joint venture

The recently formed regional joint venture between Buxton Resources and Independence Group NL will allow for increased nickel-copper exploration activity in the underexplored King Leopold Oreogen.

An exploration program at Merlin is being finalised to test several hypotheses including depth extensions to the intrusive complex and possible structurally hosted zones of mineralisation.

The field season will comprise deep-penetrating SQUID moving loop electromagnetic (EM) planned for quarter-two 2019 as well as a deep drilling and down-hole electromagnetic survey program planned for quarter-three 2019.

View full BUX profile View Profile

Buxton Resources Ltd Timeline

Related Articles

project area
February 06 2019
Drilling to improve the JORC classification and extend the current resource will start this quarter.
gold nuggets
January 22 2019
The company has received encouraging exploration results from across its East Pilbara projects in 2018.
A diamond drill rig at Australian Vanadium project
Thu
The company's flagship project has a US$616 million value at a US$13 per pound vanadium price.

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use