Buxton Resources has announced its Dogleg prospect joint venture with IGO in WA has hit massive copper and nickel sulphide mineralisation.
The deposit is located approximately 13 km northwest of the previously identified Merlin nickel-copper project the west Kimberly, WA.
6.57m of massive sulphides were intersected at the Dogleg prospect from 179.1m, within a 14.7m zone of mineralisation from 176.45m.
The drilling program was targeting a 280mx75m, 12,000 Siemen ground electromagnetic conductor.
With diamond drilling complete, downhole electromagnetics will commence in the coming days for further assessment on exploration upside with assay results expected before the end of the year.
The discovery follows Buxton’s intersection of globally significant copper–molybdenum mineral system at the company’s Copper Wolf project in Arizona.
Also a joint venture with IGO, Buxton said the companies are continuing to generate high quality data and interpretations from the first drilling program in 30 years on the site to optimise follow-up geophysical and drilling programs.
Buxton and IGO’s third joint venture includes the Narryer project transaction which consists of a subscription agreement and option agreement and a separate earn-in and JV agreement.
IGO agrees to subscribe for the number of shares in Buxton to take its voting power from its current 15.08 per cent to 19.9 per cent.
The Narryer terrain forms part of the Western Yilgarn margin which hosts the world class Julimar Ni-Cu-PGE resource discovered by Chalice Mining in March 2020.