Buxton Resources (ASX:BUX) has commenced a four- to five-day ground induced polarisation (IP) survey at its Lateron Copper-Gold Project in Western Australia.
The IP gradient array survey, carried out by contractor Moombarriga Geoscience, is testing shallow magnetic anomalies prospective for intrusion-related copper-gold mineralisation beneath thin cover.
Buxton says the results will be integrated with existing gravity and magnetic inversions to rank priority targets for a future drilling program.
The company has secured up to $180,000 in Western Australian Government co-funding under the Exploration Incentive Scheme (EIS), covering up to 50% of direct drilling costs through 31 May 2027.
Managing Director Marty Moloney says the survey represents a “logical, low-cost step” before drilling.
“Lateron is a compelling target — a cluster of shallow magnetic anomalies we consider prospective for intrusion-related copper-gold mineralisation,” Moloney says.
“This IP survey … lets us look directly for the sulphides we’re chasing and rank our targets before we drill, so we make the most of every metre of the co-funded program.”
Located approximately 10km east of Billiluna, the Lateron Project covers exploration licence E80/5545 on the western margin of the Tanami Province. The project hosts magnetic anomalies first identified by historic AFMECO uranium drilling in the early 1980s.
Previous 3D geophysical modelling at the project defined four discrete, highly magnetic features at depths as shallow as 77.5m below surface.
The company says it will provide further updates on the project in due course.
Buxton Resources is focused on acquiring, exploring, and developing metalliferous ore deposits, including nickel, copper, gold, iron, and graphite, in Australia and the US.
Write to Paula Fabe at Mining.com.au
Images: Buxton Resources
