Buxton Resources Limited (AU:BUX) has released an update.
Buxton Resources Limited has reported a significant find at their Graphite Bull project, with drill hole GB006DD revealing 84.60 meters of graphite mineralization, including a substantial 50.35-meter section in the main zone, situated 240 meters below the 2014 resource level. This latest discovery not only extends the known depth of the mineralization but also aligns with electromagnetic (EM) model predictions, enhancing the confidence in drilling plans and resource estimates. With mineralization still open at depth and along strike, the company has already initiated drilling 600 meters east with GB007DD to further explore the extent of the deposit.
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