BUX 7.46% 6.2¢ buxton resources limited

Ann: Diamond Drilling Commencing at Dogleg Ni-Cu-Co Prospect, page-6

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 3,968 Posts.
    lightbulb Created with Sketch. 12626
    Looking at that drill plan it's ~2000m-2500m diamond drilling.

    Must be interesting enough for IGO to throw around 500-750k at it. (give or take). Considering they also paid BUX a 500k cash injection for the previous hole.

    MLEM survey interesting too - not sure this one will be the money shot, but maybe by chance they have the tiger by the tail. I think this point is the most interesting aspect.

    "Establish a geophysical platform that will enable Downhole Electromagnetic
    (DHEM) survey techniques to detect conductivity anomalies (that may be
    related to Ni-Cu-Co sulphide mineralisation) away from previous drilling."

    Whilst the drilling intends to derive the extent of the intrusion i consider it also a very necessary learning exercise for IGO/BUX to find other high grade and more extension mineralization in the area with more precision. This is what the point in italics is alluding towards IMHO.

    100% IGO funded is where it's at. Thanks team

    SF2TH
 
watchlist Created with Sketch. Add BUX (ASX) to my watchlist
(20min delay)
Last
6.2¢
Change
-0.005(7.46%)
Mkt cap ! $13.07M
Open High Low Value Volume
6.7¢ 7.0¢ 6.1¢ $40.78K 625.9K

Buyers (Bids)

No. Vol. Price($)
2 165295 6.2¢
 

Sellers (Offers)

Price($) Vol. No.
6.5¢ 35984 1
View Market Depth
Last trade - 12.14pm 13/11/2024 (20 minute delay) ?
BUX (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.