Buxton Discovers Australia’s Highest-grade Graphite Intercepts

Buxton Resources Ltd. (ASX:BUX) announced the results of the reverse-circulation drill program completed recently at its Western Australia-based Yalbra graphite project, noting that it intersected very high-grade graphite in most of the 15 holes drilled. In fact, the company believes it has recorded Australia’s highest-grade graphite intercepts yet.

Shares of Buxton are currently up 66.67 percent, trading at $0.35 per share.

Drill results include:

YBRC001: 32m @23.4% TGC inc. 7m @ 32.6% TGC

YBRC002: 14m @ 22.3% TGC inc. 6m @ 26.8% TGC

YBRC0011: 14m @ 21.5% TGC inc. 5m @ 33.0% TGC

YBRC012: 31m @ 22.9% TGC inc. 5m @ 30.2% TGC

YBRC015: 31m @ 22.5% TGC inc. 6m @ 33.0% TGC

Anthony Maslin, Buxton’s managing director, commented:

We are extremely pleased with these Yalbra drilling and petrographic results, both of which have far exceeded the Company’s expectations. This drilling program has demonstrated both very high grades and significant thicknesses across multiple parallel zones of mineralisation whilst the petrographic study has shown a significant portion of medium and coarse flake graphite.

Click here to read the full Buxton Resources Ltd. (ASX:BUX) press release.