BUX 8.77% 6.2¢ buxton resources limited

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

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  1. 3,944 Posts.
    lightbulb Created with Sketch. 12572
    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
 
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