Buxton Resources claims highest grade Australian graphite Resource

THE DRILL SERGEANT: Buxton Resources (ASX: BUX) has reported the maiden JORC Code-compliant Mineral Resource for the Main Zone at the company’s Yalbra graphite project, located east of Gascoyne Junction in Western Australia.

The Resources has come in at 2.27 million tonnes at 20.1 per cent total graphitic carbon (TGC), which Buxton said it believes to be the highest reported grade graphite Resource in Australia.
 

The company completed a program of 15 RC at Yalbra in November 2013, during which drilling within the Main Zone intersected widths of very high-grade graphite mineralisation across multiple parallel zones.

 

Map of Main Zone at Yalbra showing substantial intercepts of
very high grade graphite, simplified geology and the area of the
Inferred Mineral Resource. Source: Company announcement

 

Buxton said the graphite mineralisation in the Main Zone proved to be in grade and geological continuity, which enabled it to complete a maiden JORC Code Mineral Resource estimate.

“The initial JORC Code Reported Mineral Resource estimate for the Yalbra graphite project has far exceeded the company’s expectations,” Buxton resources said in its ASX announcement.

“Very high-grade graphite occurs within multiple zones over 500 metres strike length and is open at depth and along strike.

“A significant portion of graphite in petrographic samples was shown to have medium to coarse flakes.”

Buxton said it expects it will be able to expand the JORC Code Mineral Resource with further drilling, which is scheduled to be carried out through 2014.

In addition, Buxton is planning to conduct metallurgical test-work to determine potential product specifications once diamond drill-core samples have been obtained from the planned 2014 drilling program.

Email: info@buxtonresources.com.au

Website: www.buxtonresources.com.au