Madman DHEM Complete, Rig Secured to Test Conductor

Key points

• DHEM survey completed for MD002DD and MD003DD
• High-priority untested conductor identified 250m north-northeast of MD003DD
• Drilling rig secured for follow-up hole scheduled for late September
• Assays for MD003DD expected in October

Full summary

Buxton Resources Ltd has completed downhole electromagnetic (DHEM) surveying of diamond holes MD002DD and MD003DD at its Madman Cu-Au Project. The final modelling has refined the position of an untested off-hole conductor, approximately 250 meters north-northeast of MD003DD, with plate solutions ranging from 400 x 400 meters to 1,000 x 1,000 meters in size. This conductor, with moderate modelled conductance of ~400 to 1,000 S, remains the highest-priority target for follow-up drilling. A follow-up hole has been designed to test the conductor, collared at the existing MD003DD drill pad and drilled at -70° toward 015° to a planned depth of 800 meters. McKay Drilling has confirmed rig availability, with mobilization scheduled for late September 2026. Assays for MD003DD are anticipated in October. Ground gravity and ground EM heritage work program notices have been lodged.

Outlook

Buxton Resources plans to test the high-priority conductor with a follow-up drilling hole, expected to be completed during October 2026.