Buxton Resources hits big graphite at Yalbra

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THE DRILL SERGEANT: Buxton Resources (ASX: BUX) has received results from a RC drilling program it recently-completed at the company’s Yalbra graphite project, located east of Gascoyne Junction in Western Australia.

The drilling at Yalbra consisted of 15 RC drill holes for a total of 1,674 metres and was conducted in November 2013.

Drilling completed within the Main Zone of the project intersected widths of high-grade graphite mineralisation across multiple parallel zones.

 

Map across Main Zone at Yalbra showing substantial intercepts of
very high-grade graphite and simplified geology. Source: Company
announcement

 

Higher grade drilling results include:

YBRC001 – 32 metres at 23.4 per cent total graphitic carbon (TGC) (from 55 metres), including 7 metres at 32.6 per cent TGC;

YBRC002 – 14m at 22.3 per cent TGC (from 75m) including, 6m at 26.8 per cent TGC;

YBRC011 – 14m at 21.5 per cent TGC (from 45m) including, 5m at 33 per cent TGC;

YBRC012 – 31m at 22.9 per cent TGC (from 19m) including, 5m at 30.2 per cent TGC; and

YBRC015 – 31m at 22.5 per cent TGC (from 158m) including, 6m at 33 per cent TGC.

Buxton declared it considers the latest results from Yalbra to be the highest grade graphite drill intercepts reported in Australia.

The company explained further petrographic studies have shown substantial portions of medium and coarse flake graphite occur in the samples.

Buxton indicated it has observed graphite flakes generally range from 100 to 500 microns long and in some cases reach over 1mm in length.

“We are extremely pleased with these Yalbra drilling and petrographic results, both of which have far exceeded the company’s expectations,” Buxton Resources managing director Anthony Maslin said in the company’s announcement to the Australian Securities Exchange.

“This drilling program has demonstrated both very high grades and significant thicknesses across multiple parallel zones of mineralisation whilst the petrographic study has shown a significant portion of medium and coarse flake graphite.

“These results open up numerous possibilities for the Yalbra graphite project and pave the way for Buxton to begin advancing Yalbra both technically and strategically.

“These results come as great news as we are about to imminently embark on drilling at Buxton’s lead project – the Zanthus nickel-copper project.”

Email: info@buxtonresources.com.au

Website: www.buxtonresources.com.au