Buxton Resources (ASX:BUX) has first assays back from maiden drilling at the Madman Project in Western Australia, and the system is still very much alive.
Managing Director Marty Moloney says gold, copper, and pathfinder elements in the first hole, combined with intense veining and brecciation, have strengthened Buxton’s view that Madman hosts a significant hydrothermal system.
- First assays: Gold and copper are showing up in the system
- Smoke signals: Pathfinder elements suggest Buxton may host a large hydrothermal system
- Big clue: Gold is associated with conductive pyrrhotite
- Next target: An off-hole conductor sits around 350m north of the first hole
- Back for more: Follow-up drilling could happen this year, subject to final targeting, heritage clearances, and rig availability
Madman survived its first drill test.
Now Buxton wants to find out where the heat is coming from.
About the guest and company:
Marty Moloney is the managing director of Buxton Resources, an ASX-listed explorer advancing copper, gold, nickel, graphite, and iron projects across Western Australia and Arizona, US. Madman is one of Buxton’s 100%-owned priority projects and is targeting a potential gold-copper system in the Paterson Orogen.
🎥 Watch the full interview to see why Madman has moved up Buxton’s priority list.
