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Buxton Resources (ASX: $BUX) discovers extension to copper-molybdenum porphyry system

Buxton Resources Discovers Extension to Copper-Molybdenum Porphyry System


Buxton Resources Ltd (ASX: $BUX) has announced the discovery of an extensive copper-molybdenum (Cu-Mo) porphyry system at the Wolverine Prospect, extending onto 100% BUX tenure at the surface. The geological mapping has revealed elevated Cu & Mo in surface rock chips, with laboratory assays showing up to 14.1% Cu & 1,160 ppm Mo. This discovery marks a significant milestone for Buxton Resources, with the presence of mineralization at the surface and unencumbered tenure.

CEO Marty Moloney's Commentary on the Discovery


CEO Marty Moloney expressed his enthusiasm, stating, 'The discovery of an outcropping porphyry Cu-Mo system at Wolverine is a game-changer for Buxton with mineralization present at surface, and tenure which is not subject to any JV Agreement. This discovery also highlights the incredible exploration potential at Copper Wolf where previous work 1960s-1990s has barely scratched the surface of what is shaping up to be a very large porphyry Cu-Mo system. I'm looking forward to the next steps, including confirmatory scout drilling once permits are in place.'

Summary of Buxton Resources' Discovery


Buxton Resources' discovery of the extension to the copper-molybdenum porphyry system at the Wolverine Prospect presents a significant opportunity for the company. The identification of elevated Cu & Mo in surface rock chips, along with the absence of previous drilling or exploration in the area, underscores the potential for a substantial porphyry Cu-Mo system. CEO Marty Moloney's comments reflect the company's excitement about the discovery and its future exploration plans. The upcoming scout drilling program, once permitted, aims to confirm the potential for enriched and primary sulphide zones at depth, providing a clear outlook for Buxton Resources' continued exploration and development efforts at the Copper Wolf Project.

Sourcehttps://announcements.asx.com.au/asxpdf/20240111/pdf/05zbpzlfhs4z0d.pdf

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