https://www.miningweekly.com

Buxton shares soar on nickel-copper find

10th August 2015

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

Font size: - +

PERTH (miningweekly.com) – The share price of ASX-listed junior Buxton Resources skyrocketed by nearly 148% on Monday on news that the company had struck significant nickel and copper sulphide mineralisation at its Double Magic nickel-copper project, in Western Australia.

Assay results from the first reverse circulation drilling programme indicated that one of the drill holes had intersected 8 m of massive to matrix sulphide grading 3.05% nickel and 1.87% copper, within a broader intersection of 14 m, at 2.04% nickel and 1.36% copper.

Buxton told shareholders that drilling continued at the main area of the Double Magic project, with a further seven holes planned to test the remaining six conductors.

The company’s shares were trading at a high of 32.5c a share on Monday, up from a closing price of 11.5c a share at the end of trading on August 6.

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Sweet-Orr
Sweet-Orr

Sweet-Orr, established in 1871, is a global leader in superior protective workwear, known for quality, innovation, and performance.

VISIT SHOWROOM 
Columbus Stainless
Columbus Stainless

Columbus Stainless, based in Middelburg, Mpumalanga, is Africa’s only producer of stainless steel flat products. In addition, Columbus is the only...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Resources Watch
Resources Watch
1st July 2026

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.043 0.065s - 111pq - 2rq
Subscribe Now