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Buxton Resources Makes New Nickel-Copper Discovery at Double Magic
Aug. 10, 2015 04:26PM PST
Base Metals Investing Buxton Resources Ltd. (ASX:BUX) announced that it discovered “significant” nickel and copper sulfide mineralization during the first reverse-circulation drill program at its Double Magic nickel-copper project in Western Australia.
Buxton Resources Ltd. (ASX:BUX) announced that it discovered “significant” nickel and copper sulfide mineralization during the first reverse-circulation drill program at its Double Magic nickel-copper project in Western Australia.
According to Mining Weekly, the company’s share price rose nearly 148 percent on the news.
Highlights include:
- Assay results show RC drill hole DMRC003 at Buxton’s 100 per cent-owned Double Magic Ni-Cu project intersected 8m of massive to matrix sulphide grading 3.05% nickel and 1.87% copper, within a broader intersection of 14m @ 2.04% nickel and 1.36% copper
- New nickel copper discovery very shallow, from only 47 metres down hole
- Drill intercepts are downhole and cannot be considered as true thickness
- Drilling continues at the Double Magic Ni-Cu Project, with a further 7 holes planned to test the remaining 6 conductors, as part of the current drilling program
Click here to read the full Buxton Resources Ltd. (ASX:BUX) press release.