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Buxton Resources Ltd.
Summary
| Project: | Double Magic | |
|---|---|---|
| Deposit: | Merlin | |
| Location: | Australia | |
| Commodities: | Nickel-Copper | |
| Date: | 9/20/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 20-9-2017: Buxton Resources Ltd. announces an Exploration/Drilling Update report for its Merlin deposit at the Double Magic project. Drilling results incl. 14m @ 0.48% Ni, 0.16% Cu, 195ppm Co from 80m. Buxton Resources Limited (ASX: BUX & BUXO) is please | |
| Resources: | x | |
| CP/QP: | [Overall Report]: M Glassock, D Marshall, R Mortimer (Independent;Internal:Southern Geoscience Consultants Pty Ltd.) | |
| ABSTRACT: | Buxton Resources Limited (ASX: BUX & BUXO) is pleased to provide an update on exploration activities from the Double Magic project. Drilling at Merlin is continuing, with most planned holes completed. DMDD0014 testing the highly conductive offhole anomaly (~12,000-28,000S) is underway with the target horizon anticipated to intersect the anomaly late this week/weekend. The company would like to remind readers that the original discovery hole, DMRC003, drilled by Buxton in 2015 was targeting an EM plate with a conductance of 10,000-15,000S and returned 8m @3.05% Ni and 1.88% Cu. Further explanation on this target is available later within this release. Thirty drillholes have been completed since mid-July, 9 diamond holes and 20 RC holes, one with a diamond tail. Visible sulphides have been intersected in all but one hole at the Merlin Prospect, confirming the presence of a large magmatic Ni-Cu sulphide mineralised system, with multiple mineralised horizons identified extending over more than 1,500m of strike and greater than 600m down-dip. For a plan of drillhole locations, see Figure 2. For a cross-section through the centre of Merlin, see Figure 3. A summary of >0.25% Ni intersections from the 13 holes for which assays are available is included as Table 1, location details of all 2017 drillholes are listed in Table 2. All 13 holes for which assays are available, have returned intersections >0.1% Ni with associated Cu, demonstrating the widespread and pervasive nature of Ni-Cu sulphide mineralisation at Merlin. Multiple mineralised horizons have been intersected within Ruins Dolerite mafic and ultramafic units. | |
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