Buxton Resources (ASX:BUX) has received clearances from a recent Aboriginal heritage survey which allows drilling to begin at the Graphite Bull Project in Western Australia.
The $18.19 million market capitalisation company will be conducting a drill program in the second quarter to conduct a resource upgrade of the project. The project’s current estimate includes an inferred resource of 4 million tonnes @ 16.2% total graphitic carbon over a strike length of 460m and a depth of 220m.
Infill drilling will be carried out along 2.1km of prospective strike, where scout drilling confirmed the presence of graphite mineralisation.
Drilling will also test depth extensions as defined by previously conducted ground electromagnetic surveying, as well as follow-up work at new hanging wall zones as encountered in hole GB001RC with 33m @ 18.7% total graphitic carbon.
Further follow-up heritage surveys are planned for later in the year to support future work through 2025 and beyond.
The Graphite Bull Project lies in the Gascoyne region of Western Australia.
Buxton Resources is a mineral explorer focused on various projects in Western Australia and Arizona, US. The project’s are considered prospective for nickel, copper, graphite, and other minerals.
Write to Aaliyah Rogan at Mining.com.au
Images: Buxton Resources
