Buxton Resources (ASX:BUX) has made a new shallow nickel-copper discovery from drilling at its wholly-owned Double Magic project in the West Kimberley, Western Australia.
Assay results returned an intersection of 8 metres at 3.05% nickel and 1.87% copper from 50 metres within a broader intersection of 14 metres at 2.04% nickel and 1.36% copper from 47 metres down hole.
The drill intercepts are downhole as true thickness are not yet known.
Drilling continues in the main area of the Double Magic Project, with a further 7 holes planned, to test the 6 remaining conductors, as part of the current drill program.
All drill holes completed during the program have been cased for downhole electromagnetic geophysics to assist with the detection of any additional off-hole electromagnetic conductors and better define orientation of known conductive bodies.
Buxton had $2 million in cash as at 30th June 2015.
Buxton Resources (ASX:BUX) has made a new shallow nickel-copper...
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