Buxton Resources reports enhanced prospectivity at Wolverine

Buxton Resources Ltd (ASX: $BUX) has announced the discovery of a 1,200 m X 250 m cluster of magnetic anomalies at the Wolverine prospect, coinciding with NE trending, Cu-Mo bearing porphyry dykes. The rock chip sample adjacent to the drill site has returned 1.2% Cu & 383 ppm Mo. The recent Laramide age date confirms the link to the Copper Wolf porphyry system, with outcropping mineralisation and no previous drilling in the area. Buxton has received permits to drill at Wolverine from the Bureau of Land Management.

Executive commentary on Wolverine prospectivity

The magnetic anomalies at Wolverine are likely caused by mafic host rocks and high concentrations of porphyry 'B' veins, as observed in CPW0002DD (ASX 14/12/2023). The potential coincidence of these features would be strongly favorable for a high-grade porphyry Cu discovery at Wolverine, as suggested by Sillitoe & Perelló 2023.

Summary of Buxton Resources announcement

Buxton Resources (ASX: $BUX) has reported the enhanced prospectivity at the Wolverine prospect, with the discovery of magnetic anomalies and coinciding Cu-Mo bearing porphyry dykes. The recent Laramide age date confirms the link to the Copper Wolf porphyry system, and the outcropping mineralisation with no previous drilling in the area presents an extremely compelling porphyry Cu-Mo target. Buxton's next steps include IP geophysical surveys, additional mapping, and sampling, with necessary approvals received from the Bureau of Land Management for drilling at the Wolverine prospect. The company looks forward to updating shareholders on the progress from this exciting project.