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Buxton Resources Limited (ASX:BUX)

ALERT: Price-sensitive ASX Announcement for BUX
Current share price for BUX : $0.037 -0.003 (-7.50%)+
Announcement
Release
1 Jul 2026 8:22AM
Price at Release
$0.040
Full Release
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Summary
Buxton Resources Limited has commenced a drilling program at their 100% owned Madman Project, located 375 km northeast of Wiluna, Australia. The project focuses on a geophysical anomaly with similarities to the Havieron gold-copper deposit. The program involves the drilling of a water bore and two deep diamond drill holes to test the identified magnetic anomaly. Site preparation, including access track clearing and drill pad construction, has been completed, allowing McKay Drilling to begin the drilling operations. This project highlights a significant exploration opportunity for potential gold and copper mineralization in the Paterson Orogen region, known for its recent discoveries. The drilling program aims to explore the geological context and potential mineralization of this area, and updates will be provided as results arise.
Key Points
  • Madman Project is located 375 km northeast of Wiluna.
  • Drilling program initiated to test a Havieron-style gold-copper anomaly.
  • Two deep diamond drill holes and a water bore are part of the program.
  • Site preparation is complete, enabling the commencement of drilling.
  • The project targets a significant geophysical anomaly similar to Havieron.
  • Buxton aims to explore potential mineralization in the Paterson Orogen.
  • The program is a landmark event for Buxton Resources and its shareholders.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.