IGO (ASX:IGO) partner Buxton (ASX:BUX) gains on high-grade nickel in West Kimberley

IGO (ASX:IGO) partner Buxton (ASX:BUX) gains on high-grade nickel in West Kimberley

November 6, 2023 Off By Amanda Ellis

IGO partner Buxton Resources is up 37% on finding high-grade nickel at its Dogleg nickel-copper-cobalt prospect in Western Australia’s North West region near Derby.

Dogleg is part of the company’s West Kimberley Project, with the company announcing results from its first diamond drill hole at the project.

The assay featured 13.85 metres at 4.35% Ni, 0.34% Cu, and 0.15% Co from 177.34 m.

A highlight section of the assay was 5.86m at 7.47% Ni, 0.31% Cu, and 0.25% Co from 179.08m.


“The Buxton and IGO technical teams are extremely excited to report high grade nickel and cobalt mineralisation in sulphides from the first diamond hole at the Dogleg Prospect within our West Kimberley Project JV,” Buxton Resources CEO Marty Moloney said.


“This result, along with previous exploration success at the Merlin prospect, validates our view that the West Kimberley project can potentially host Nova-Bollinger style nickel sulphide deposits.

“We look forward to reporting the assays from the second hole in this program and hope to build on this momentum with future drilling programs designed to fully reveal the emerging exploration potential at Dogleg.”

The company said the sulphide mineralisation species logged in the drill hole supported a view they were a combination of pyrrhotite, pentlandite and chalcopyrite.

Results from the second hole are expected in 3-7 weeks.

Once Buxton gets all its results, it will design a future work program, including further drilling.

The latest result earns Buxton a $500,000 payment from its West Kimberley JV Projects partner IGO.


BUX.AX
BUXTONRES FPO [BUX]
ASX
up arrow$0.072
$0.0000
0.00%

Please note the following valuable information before using this website. 

Independent Research 

Market Open Australia is intended to be used only for educational and informative purposes, and any information on this website should not be taken as investment advice or guidance. It is important to conduct your own research before making any investment decisions, which should be based on your own investment needs and personal circumstances. Any investment decisions based on information contained on this website should be taken in line with independent financial advice from a qualified professional or should be independently researched and verified. 

MO and CI logo redraw Socials Profile reversed

MarketOpen is an online media business connecting companies and investors. Through its flagship MarketOpen.com.au media channel the Australian publisher’s experienced journalists cover breaking news and analysis on mining, oil and gas, technology and biotechnology companies listed on the Australian Securities Exchange and other markets. MarketOpen’s video and podcasting channels feature original interviews with Australia’s small-cap corporate leaders, while its Stock Soirée networking events, Watchlist webinars, and online events connect investors and brokers with CEOs and board members. The publisher also offers a suite of agency services to its corporate members, including media, video, podcasting and social media services, along with writing, editing, reviewing and content creation services.

Contact info

Suite 3, 47 Havelock Street
West Perth WA 6005
info@marketopen.com.au

Stewart Walters
Managing Director
stewart@marketopen.com.au
+61 414 644 166

Amanda Ellis
Editor-in-Chief
amanda@marketopen.com.au
+61 438 003 868

Important links

Follow us