Hartleys Research - Buy - Price target 38 cents

Buxton Resources Limited
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Three zones of massive sulphides at Conductor J

Buxton Resources (BUX) has intersected more “significant brecciated massive sulphides” containing visible nickel and copper (sulphides) in the first step out hole at Conductor J, Merlin prospect, West Kimberley. Diamond drill hole, DMDD0015 was drilled some 40m away (step out) from DMDD0014 (a CY17 drill-hole which reported up to 7% Ni in brecciated massive sulphide), and positioned to further test Conductor J.

Importantly Conductor J remains open and appears to be plunging towards a substantial gravity high, which is yet to be tested by drilling.

BUX has already confirmed Merlin to be a high tenor, large magmatic system, with the latest drilling enhancing the prospect, in which, we anticipate are ore grade intervals. Assays are pending and due in the coming weeks. Drilling is ongoing, with multiple priority targets to test.



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