Buxton Resources (ASX:BUX) is taking its 100% owned Graphite Bull Project in Western Australia by the horns after intersecting multiple zones of ‘high-grade’ graphite.
Ongoing drilling and earthmoving at the project have produced encouraging results, the company says.
GB006DD is currently at 456.8m depth (planned depth of 650-750m) and is just entering the target zone defined by EM plates and graphitic mineralisation is currently being cored.
“Encouragingly, visual estimates of graphite abundance from geological logging indicates that 32.31, of graphitic material has been cored so far, most of which is above a 5% TGC estimated grade,” Buxton reports.
Buxton: Taking Graphite Bull by the horns
A zone of GB006DD graphitic intersections drilled between 269.49m to 324.66m downhole is located about 275m down dip and to the southwest from the shallow graphite intersection in GB001RC (33m @ 18.7% TGC from 11m).
Highly graphitic zones have also been revealed at surface by ongoing earthworks. Several of these exposures are located some 280m directly up-dip from the GB006DD graphitic zone highlighted.
Buxton CEO Marty Moloney says extension and exploration drilling continue to deliver new graphitic intersections at Graphite Bull.
“These visual results highlight the multiple opportunities for resource growth at this Project and its increasing potential to be developed into a long-life producer of battery anode concentrate material,” he says.
Write to Adam Orlando at Mining.com.au
Images: Buxton
