Zanthus Ni-Cu Project

“Buxton Resources (BUX) has entered into joint venture (JV) arrangement with Independence Group (IGO), whereby IGO can acquire a 90% interest in BUX’s Fraser Range exploration tenure by paying upfront cash of A$1.5m. Under the terms of the deal, IGO covers all exploration expenditure, and if successful, and warranted, finances full feasibility studies to a decision to mine, while BUX retains a free-carried project interest of 10%. If the “decision to mine” point is achieved, BUX may elect to participate, sell its interest to IGO at market value, or dilute to an undisclosed NSR.”

The Zanthus Ni-Cu Project is located approximately 60km along strike from the Sirius Resources' (ASX:SIR)...

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Dempster Project

Buxton has complete two main phases of calcrete sampling which has identified large low-level gold anomalies.  A web page update for this project is under construction and for progress report refer to the latest quarterly reports.

The Project area is located 90 km north-northeast of Esperance and approximately 60 km west of the sealed Kalgoorlie-Esperance highway and rail line.   It consists of three exploration licence applications covering 411.6 km2.

The principle target is gold mineralisation associated with a northeast trending corridor of Paleoproterozoic rocks which are thrust north-westerly over the Archaean Yilgarn Craton.  New discoveries by AngloGold...

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