Buxton Resources commences drilling at Yalbra graphite project

THE DRILL SERGEANT: Buxton Resources (ASX: BUX) has commenced a 2,000 metres RC drilling program to test large, high-grade graphite targets at the company’s Yalbra graphite project in Western Australia.

Buxton said the drilling has been designed to confirm historical high-grade intercepts of graphite in the Main Zone, and to test newly identified VTEM conductors both within the Main Zone area and at the Northern Zone.
 
“Whilst nickel-copper exploration at the Zanthus project is the main focus of the company, the historical drilling and trenching work undertaken at the Yalbra graphite project identified thick intercepts of high grade graphite from surface,” Buxton Resources managing director Anthony Maslin said in the company’s announcement to the Australian Securities Exchange.

“Clearly the project is highly-prospective, and demands follow up work using modern exploration techniques.”

The Yalbra graphite project consists of three tenements, Yalbra E09/1986 (85 per cent Buxton), Coordewandy (90 per cent Buxton), Gum Creek Well (100 per cent Buxton), which cover a combined area of 450 square kilometres.

The Yalbra graphite project was subjected to historical drilling that intersected numerous zones of high-grade graphite.

 

Historical drill holes located at the southern conductor. Source: Company announcement

 

The project has a preliminary Exploration Target of 8 to 12 million tonnes at 7 to 11 per cent TGC (total graphitic carbon).

Buxton completed a detailed 371 line kilometre HeliVTEM survey over the main prospects at Yalbra in October 2012.

The survey highlighted strong conductive responses to the south over previously drilled graphitic zones and the newly identified conductors to the north.

Buxton said the data from the survey indicated the historical drillholes correlate with the highly-conductive Main Zone VTEM anomaly that remains open along strike in both directions.
 
It also identified the Northern Zone extends over a 6km strike length representing a larger target area than the Main Zone that hosts the Exploration Target.

Email:
info@buxtonresources.com.au

Website:
www.buxtonresources.com.au