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Buxton Resources Ltd.
Summary
| Project: | Double Magic | |
|---|---|---|
| Deposit: | Merlin | |
| Location: | Australia | |
| Commodities: | Nickel-Copper-Cobalt | |
| Date: | 8/27/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 27-8-2018: Buxton Resources Ltd. announces an Exploration/Drilling Update report for its Merlin deposit at the Double Magic project. Drilling results incl. 40m @ 1.0% NiEq. from 304m. Buxton Resources Limited (ASX:BUX) updates the market that laboratory a | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Derek Marshall, Eamon Hannon (Internal) | |
| ABSTRACT: | Buxton Resources Limited (ASX:BUX) updates the market that laboratory assays for DMDD0015 have been received with results showing 3 strongly mineralised zones within a broader mineralised sequence (Table 1). The overall interval is an impressive 40m @ 1.0% Ni equivalent from 304m down hole. Individual assays returned grades up to 7.26% Nickel and 1.73% Copper, 0.18% Cobalt plus 11.7 grams per ton PGEs (Platinum + Palladium). Drill hole DMDD0015 stepped out 40m to the northwest from DMDD0014 testing an open ~25,000 Siemen Conductor J (Figures 1 & 2). Conductor J is still open and additional drilling is planned post DHTEM results. All holes from the current 2018 drill program (Figure 2, Table 2) have intersected visible nickelcopper sulphide mineralisation, including numerous occurrences of brecciated massive sulphide with coarse pentlandite and chalcopyrite. Downhole Electromagnetic (DHTEM) surveying commenced on the 22nd of August with work planned to coincide with a short break in the drill program. Electromagnetic surveying is a critical targeting tool for defining accumulations of highly conductive massive nickel-copper sulphide mineralisation (such as that in DMDD0015). Buxton eagerly awaits the results of this current round of DHTEM. | |
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