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Buxton Resources Ltd.
Summary
| Project: | Double Magic | |
|---|---|---|
| Deposit: | Merlin | |
| Location: | Australia | |
| Commodities: | Nickel-Copper-Cobalt | |
| Date: | 3/11/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 11-3-2019: Buxton Resources Ltd. announces an Exploration/Drilling Update report for its Merlin deposit at the Double Magic project. Drilling results incl. 14.00m @ 1.63% Ni, 0.47% Cu, 0.06% Co from 304m. Buxton Resources Limited (ASX:BUX) is pleased to u | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Derek Marshall, Eamon Hannon (Internal) | |
| ABSTRACT: | Buxton Resources Limited (ASX:BUX) is pleased to update the market that major work programs are set to commence at several highly prospective Ni-Cu-Co sulphide exploration projects in Western Australia. Buxton’s strategic alliance with Independence Group NL (ASX:IGO) will allow for significant exploration to occur at all Projects, maximising the chance of exploration success. Laboratory assays from the 2018 drilling at Merlin (Double Magic) have confirmed numerous well-developed zones of Ni-Cu-Co mineralisation at the Project (Table 1, Figures 1 & 2). Merlin a very high metal tenor system (average 8% Ni tenor) with individual assays up to 8.14% Nickel, 5.26% Copper and 0.69% Cobalt All holes from the 2018 drilling (Table 2, Figure 1) intersected visible nickel-copper sulphide mineralisation, including numerous occurrences of brecciated massive sulphide with coarse grained pentlandite and chalcopyrite. Untested 2018 downhole EM plates remain, including within the Conductor C interpreted hinge zone, proximal to gravity high feature. Numerous large conductors related to Ni-Cu mineralisation remain open along strike and at depth. | |
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