Buxton Executes Agreement to Acquire 100% Interest in Double Magic Nickel Project

Buxton Resources Limited (ASX:BUX) announced it has completed an agreement to acquire a 100% interest in the Double Magic Nickel Project in the Kimberley region of Western Australia.

As quoted in the press release,

The project contains at least three existing, “walk-up” drill targets that were either untested or only partially tested by previous drilling. Additionally, re-interpretation of geological and geophysical datasets by Buxton’s consultants and experienced geological team has shown two separate eye-like features that are due to the presence of the nickel host lithology, the Ruins Dolerite. Significant further zones of Ruins Dolerite and numerous, untested VTEM conductors occur within the project area and add substantial regional exploration potential.

Buxton’s CEO Mr Eamon Hannon stated:

The Company is excited to be adding Double Magic to its nickel portfolio. Buxton is now in an envious position with three separate, highly prospective nickel projects, which as well as Double Magic include vast tenement packages in the Fraser Range.

Click here for the full Buxton Resources Limited (ASX:BUX) press release