BUX – Buxton Resources | Aussie Stock Forums


Buxton resources only listed in october 2007,www.buxtonresources.com. & are the first of a few speccies with potential iron ore projects that have flown under the radar so far,while it is very early for this company they have an experienced team,the project that caught my eye is at western shaw where i think AGO is close by.

FMG’S railway is only 3kms away from the project area.

Here is the 1st exploration update on western shaw:

Western Shaw Project, East Pilbara Block WA (90% Buxton)
E45/2768
[FONT=Calibri,Calibri]Field inspection was recently undertaken to evaluate specific targets identified from a geological review. The project is located 190 km south[/FONT][FONT=Calibri,Calibri][/FONT][FONT=Calibri,Calibri]southeast of Port Hedland and is strategically located within 3 km of Fortescue Metals new rail line. [/FONT]

[FONT=Calibri,Calibri]Two iron ore targets were identified;

  1. A small mesa (220m x 15m) capped by an upper resistant channel iron deposit was sampled. Target tonnage is considered modest based on the dimensions of the mesa. Results are awaited.
  2. Banded Iron Formation (BIF) in the same area was rock

  1. [FONT=Calibri,Calibri][/FONT]chip sampled. The Western Shaw project is estimated to contain seven strike km of prospective BIF.

In addition to investigating the iron ore potential a stream gold anomaly and a barium[FONT=Calibri,Calibri][/FONT]rich gossan have been inspected and sampled. Results are expected in several weeks.

buxton resources,top 20 own 61%,montezuma 6.27%=2,010,000 shares

32m shares,cash $3.2m last quarter…

current sp 0.170

…tb

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