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• Assay results show RC drill hole DMRC003 at Buxton’s 100 per cent-owned Double Magic Ni-Cu project intersected 8m of massive to matrix sulphide grading 3.05% nickel and 1.87% copper, within a broader intersection of 14m @2.04% nickel and 1.36% copper
• New nickel copper discovery very shallow, from only 47 meters down hole
• Drill intercepts are downhole and cannot be considered as true thickness
• Drilling continues at the Double Magic Ni-Cu Project, with a further 7 holes planned to test the remaining 6 conductors, as part of the current drilling program

Buxton Resources Limited (ASX: BUX & BUXO) advises that it has discovered significant nickel and copper sulphide mineralization in its first reverse circulation (RC) drilling program at its 100% owned Double Magic Nickel-Copper (Ni-Cu) Project in Western Australia.

Assay results have been received for the strongly mineralized section of the discovery RC drill hole DMRC003 which intersected 8 meters at 3.05% nickel and 1.87% copper from 50 meters, within a broader intersection of 14 meters at 2.04% nickel and 1.36% copper from 47 meters down hole.

DMRC003 selected, sighted and logged by Mr Derek Marshall and drilled by WBH Drilling intersected 8 meters of massive and matrix sulphides from 50 meters, whthin a 15 meter broader zone of disseminated sulphide. There were several additional disseminated sulphide zones and one 1 meter massive sulphide zone from 41m. Note, all widths are down hole as true wigths are not currently known.

Drilling continues in the main area of the Double Magic Project, with a further 7 holes planned, to test the 6 remainling conductors, as part of the current drill program.

All drill holes completed during the program have been cased for downhole EM geophysics. This downhole survey will assist with the detection of any additional off-hole EM conductors and better define the orientation of known conductive bodies. The geophysical field crew is due to arrive this week.

• [Editor:Juan]