Significant New Iron Discovery in Western Australia

Greenfields explorer, Buxton Resources is pleased to announce that assays from RC drilling have confirmed a significant iron discovery at the Company’s Zanthus Project, 230km east of Kalgoorlie in Western Australia.

Managing Diredry benefication of coal in polandctor Ron Smit said assay results from eleven RC holes testing iron rich float associated with a strong aeromagnetic anomaly at the Cohen Prospect, have defined wide zones of high-grade, strike extensive magnetite mineralisation believed to be the first iron discovery in the region.

”This is the first recorded magnetite occurrence in the area and our initial results suggest that the wide zones of primary magnetite mineralisation intersected have the potential to be beneficiated to a high quality Fe concentrate”.

“We have over 20 strike kilometres still to test including several areas that report a higher magnetic response than that seen at Cohen. This is a significant discovery which is enhanced by being only 25km from the Trans Australian Railway”.

“We plan to undertake further drilling as soon as possible,” Mr Smit said.

Significant RC drilling results include;

• ZRC001: 15m at 24.8 % Fe from 60m (plus oxide intercept of 20m @ 27.2% Fe from 25m)


• ZRC003: 20m at 21.8 % Fe from 55m


• ZRC004: 10m at 24.6 % Fe from 65m (plus oxide intercept of 55m @ 24.1% Fe from 5m)


• ZRC005: 43m at 33.9 % Fe from 47m to end of hole


• ZRC008: 17m at 37.1% Fe from 45m


• ZRC008: 15m at 32.7% Fe from 73m


• ZRC013: 41m at 32.7% Fe from 50m to end of hole (plus oxide intercept of 40m @ 24.3% Fe from 10m)

Davis Tube Recovery testwork on the magnetite mineralisation using a coarse grind (150 micron) reported excellent recoveries with concentrate head grades from 65.2 - 68.1 % Fe.

Infill RC drilling is being planned for the Cohen Prospect and other regional targets, commencing early in the new year.