Buxton encounters more high grade graphite at Yalbra

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THE DRILL SERGEANT: Buxton Resources (ASX: BUX) has reported the final batch of results for a recently completed drilling program carried out at the Yalbra graphite project, located east of Gascoyne Junction in Western Australia.

Buxton owns 85 per cent of the Yalbra project with Montezuma Mining Company (ASX: MZM) holding the remaining 15 per cent.

The company said the results from diamond core drill holes continue to show multiple, parallel high-grade zones within the main zone of mineralisation.

New wide and high grade intercepts include:

YBDD002
30 metres at 22.5 per cent total graphitic carbon (TGC) from 17m, including 8m at 26.3 per cent TGC and 25m at 20.9 per cent TGC from 125m, including 13m at 26.3 per cent TGC;

YBDD001
19m at 19.9 per cent TGC from 61m, including 3m at 36.5 per cent TGC; and

YBDD003

16m at 21.8 per cent TGC from 35m, including 3m at 29.4 per cent TGC.

 

Simplified map of Main Zone at Yalbra showing intercepts of high-grade graphite. Source: Company announcement

 

“Additionally, the drilling program extended mineralisation in excess of a further 200 metres to the west of the existing JORC resource,” Buxton Resources said in its ASX announcement.

The company indicated an updated resource estimate will commence shortly now that all drilling results have been received.

Buxton said it expects the total tonnage will increase from the current inferred resource of 2.27 million tonnes at 20.1 per cent TGC.

Email: info@buxtonresources.com.au

Website: www.buxtonresources.com.au