exploration update

Widowmaker Ni-Cu Project – Exploration Update
Highlights:
? Detailed fixed loop and moving loop ground EM surveys contracted and
planned to cover all 14 VTEM anomalies
? Government co-funded exploration drilling grant of $150,000 approved
? Aboriginal heritage survey and clearing of access tracks completed
? Focused soil/calcrete geochemical sampling commenced over VTEM
targets and additional regional geochemistry targets
Ground Electromagnetic Survey Underway
Buxton Resources is pleased to provide this update on exploration progress at its 100%-
owned Widowmaker Ni-Cu Project.
Following on from the success of the Airborne VTEM survey flown late last year, the
Company has commenced ground Fixed Loop Transient Electromagnetic (FLTEM) and
Moving Loop Transient Electromagnetic (MLTEM) surveys over 14 interpreted bedrock
conductors identified in the previous heli-borne VTEM survey (Figure 1). The ground EM
survey is expected to take approximately 3-6 weeks to complete and is designed to further
define the orientation and geometry of bedrock conductors.
Clearer definition and modelling of the bedrock conductors will increase the chance of
success for the planned drilling program which will commence as soon as practically
possible after the ground EM survey is complete.Figure 1: Ground EM surveys will be conducted over priority 1 and priority 2 VTEM anomalies
Figure 2: Location of Widowmaker Ni-Cu Project in relation to Sirius’ Nova Discovery Government Grant
Buxton Resources is also pleased to announce it has been successful in obtaining funding
under the WA Government’s co-funded Exploration Incentive Drilling Scheme, offered by
the Department of Mines and Petroleum. The grant is capped at $150 000 and will be used
by the Company to partially fund a first pass drilling program to test bedrock VTEM/ground
EM anomalies for nickel and copper sulphide mineralisation.
Heritage Clearance and Access
During December the Ngadju People completed a heritage survey over the entire
Widowmaker tenement. No sites or items of archaeological or Aboriginal interest were
located, thus clearing future exploration work programs to go ahead.
The Company has also completed over 50 line kilometres of track clearing in order to easily
access all of the major VTEM anomalies.


http://asx.com.au/asxpdf/20130110/pdf/42cc6wtdyf7v2m.pdf