Buxton Resources (ASX:BUX) has wrapped up maiden diamond drilling at the Madman Gold-Copper Project, and the first pass has already given the company somewhere new to chase.
Managing Director Martin Moloney says drilling confirmed a sulphide-bearing hydrothermal system, while downhole electromagnetic (DHEM) surveying picked up a new conductor around 350m north of the first hole.
- System confirmed: Both holes intersected sulphides, veining, and brecciation
- New target: A conductor sits north of the first hole
- More DHEM: Follow-up surveys will sharpen the geometry
- Assays next: Full multi-element results are targeted by the end of September
- Follow-up drilling: The next hole depends on where the conductor lands
Madman found the system.
Buxton wants the hot spot.
About the guest and company:
Martin Moloney is the managing director of Buxton Resources, an Australian explorer advancing copper, gold, nickel, graphite, and iron projects across Western Australia and Arizona, US. Madman is a wholly owned gold-copper project where maiden drilling has confirmed a sulphide-bearing hydrothermal system.
🎥 Watch the full interview to see where Buxton points the drill next.
