Buxton Resources (ASX:BUX) has commenced diamond drilling of hole MD004DD at its Madman Copper-Gold Project in Western Australia after securing a rig from McKay Drilling.
The hole is designed to test an electromagnetic (EM) conductor identified 250m north-northeast of previous drilling.
The target was identified through downhole EM (DHEM) surveys of two maiden holes completed in July and August. Managing Director Marty Moloney says these holes confirmed “a basement-hosted hydrothermal system with anomalous gold and copper plus alteration signatures consistent with Paterson Orogen style deposits”.
“That program also revealed an electromagnetic conductor sitting off to the north-northeast, and that is what MD004DD is designed to test,” Moloney says.
According to Buxton, rig availability limits the program to a single hole, which is expected to take three to four weeks to complete.
Meanwhile, assays for MD003DD remain in progress, with results expected in October.
Buxton has also lodged heritage work program notices for ground gravity and ground EM surveys, alongside further diamond drilling, to test for density and conductivity anomalies beyond the 350m effective detection range of current DHEM coverage.
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
Main image: Buxton Resources
