Heritage Access Pending as Buxton Targets Intrusive Copper-Gold Deposits
Buxton Resources has identified and de-risked three promising copper-gold drill targets at its Lateron Project in Western Australia, with drilling planned for 2026 following heritage agreement finalisation.
- Three high-priority magnetic-gravity targets defined for copper-gold mineralisation
- Petrographic analysis confirms minerals indicative of magmatic-hydrothermal systems
- 3D geophysical modelling refined targets at shallow depths around 77.5m
- Heritage access negotiations nearing completion with Tjurabalan Native Title Lands
- Drilling program planned to commence in 2026
Exploration Advances at Lateron Project
Buxton Resources Ltd (ASX, BUX) has taken a significant step forward in its copper-gold exploration efforts at the 100%-owned Lateron Project, located in Western Australia's Tanami Province. The company has successfully defined and de-risked three high-priority drill targets using a combination of detailed ground gravity surveys, airborne magnetics, and passive seismic data. These targets are associated with intrusive-related copper-gold mineralisation concealed beneath shallow cover.
Geophysical and Petrographic Insights
The identification of these targets stems from advanced 3D geophysical inversion modelling, which revealed four discrete, highly magnetic zones arranged around a central high-density block. These features lie at depths as shallow as 77.5 metres, making them accessible for drilling. Complementing the geophysical data, petrographic analysis of historic drill core fragments recovered from a 1982 AFMECO drill hole confirmed the presence of magmatic amphibole and titanite minerals. These minerals are key indicators of magmatic-hydrothermal sulphide systems, which are often associated with significant copper-gold deposits.
Heritage and Access Progress
Buxton is currently finalising a Heritage Protection and Land Access Agreement with the Tjurabalan Native Title Lands Aboriginal Corporation. This agreement is a crucial prerequisite for conducting heritage surveys and commencing drilling activities. The company anticipates completing these negotiations soon, paving the way for a drilling program scheduled for 2026. This program aims to test the newly defined targets and potentially unlock a valuable copper-gold resource.
Strategic Location and Historical Context
The Lateron Project sits at the western margin of the Tanami Province, approximately 150 kilometres south of Halls Creek. Historically, exploration in the area was limited and focused on uranium, with no comprehensive follow-up on copper-gold potential. Buxton’s work revives interest in this underexplored region, leveraging modern geophysical techniques and geological understanding to uncover promising mineralisation signatures.
Looking Ahead
With the groundwork laid through detailed geophysical modelling and petrographic validation, Buxton Resources is well-positioned to advance its exploration ambitions at Lateron. The upcoming drilling campaign will be closely watched by investors and analysts eager to see if these targets translate into economically viable mineralisation.
Bottom Line?
Buxton’s methodical approach and near-term drilling plans set the stage for a potentially transformative phase at Lateron.
Questions in the middle?
- Will the upcoming drilling confirm economically significant copper-gold grades?
- How quickly can Buxton finalise heritage agreements and commence drilling?
- What are the broader implications for copper-gold exploration in the Tanami Province?
