Buxton Resources Updates Drilling Progress at Madman Project
Key points
- Drilling of MD004DD progresses towards EM conductor target
- Assays received for MD002DD and MD003DD, showing geochemical variations
- Significant variations suggest a large, structurally controlled hydrothermal system
Full summary
Buxton Resources Ltd (ASX:BUX) announces that drilling of MD004DD at the Madman Cu-Au Project is progressing towards an EM conductor target modelled approximately 250 m north-northeast of MD003DD. Drilling is currently at approximately 500 m downhole, with the target depth predicted to be between 600 m and 700 m. Assays for MD002DD and MD003DD have been completed, showing variations that suggest a large, structurally controlled hydrothermal system. The strongest coincident gold-copper result is 0.37 m at 0.239 g/t Au, 1,630 ppm Cu, 11.15 ppm Bi and 300 ppm As from 542.72 m in MD002DD.
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