BUX 9.38% 7.0¢ buxton resources limited

Ann: Copper Wolf Project Drilling Update, page-10

  1. 266 Posts.
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    Have to admit / agree this (from BHP) is making me more and more interested in what I thought was a fairly banal copper side gig.


    https://hotcopper.com.au/data/attachments/5454/5454538-e5fdc5176b81776e41a9d5f8c754b77f.jpg
    https://hotcopper.com.au/data/attachments/5454/5454544-8f985334d2e51293652d4ffd2b6b7d41.jpg

    Compared to this (from BUX) where the historical drilling caps out at ~900m but on average more like 700m,

    i.e the BHP intercept lengths commence below where the prior Copper Wolf drilling stopped!


    https://hotcopper.com.au/data/attachments/5454/5454557-f1e6e47b264dcd8c26c7be6c3eb1d2e9.jpg

    So as you mention you are getting equivalent - better grades with 200m less overburden and (hopefully we find out) to a similar total depth thus ideally lifting the average grades and the intercept lengths. If that all plays out then the resource size gets a huge kick, and one ideally big enough to make the overburden seem like a small inconvenience.



 
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