Buxton’s maiden Madman drilling points to Havieron similarities
Original announcement by stockhead on
- Company
- Buxton Resources
- Ticker
- BUX
- Exchange
- Unavailable
- Region
- Western Australia
- Primary commodity
- Gold
- Secondary commodities
- Copper, Silver, Arsenic, Bismuth
- Document categories
- Drill results
- Extracted
- 2026-08-20 01:32:11 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Buxton Resources has reported maiden drilling results from the Madman project in Western Australia, identifying gold and copper mineralization associated with conductive pyrrhotite. The results from hole MD002DD include a 0.37m intercept at 0.239 g/t gold and 1630 ppm copper, highlighting a large untested conductor as a high-priority target.
Reasoning: Maiden drilling at Madman has successfully identified gold-copper mineralization associated with conductive pyrrhotite, providing a pathfinder signature for a larger hydrothermal system, though grades are currently low.
Positive factors
- Maiden drilling success
- Presence of conductive pyrrhotite similar to Havieron
- Identification of a large untested conductor
Negative factors
- Low grades in the reported intercept
- Presence of arsenic
Facts used in scoring: 5
Classification and evidence
Step-Out Extensionpositive
Mineralization extended beyond the previously known limit.
Why it applies: The drilling is described as maiden drilling in a new area 40km from the nearest hole.
Evidence · text
“This maiden drilling program, a wildcat 40km from the nearest hole”
Deleterious Elements Presentnegative
Penalty elements (arsenic, antimony, etc.) or refractory concerns noted in the release.
Why it applies: Arsenic was reported in the assay results.
Evidence · text
“300ppm arsenic”
Extracted facts
Stored fact records: 5. Some facts used in scoring do not have a stored record.
Drill Results (5)
MD002DDMadman · goldGrade: 0.239Grade Unit: g/tIntercept: 0.37 mView all detailsHide details
Identity
- Hole ID
- MD002DD
- Project
- Madman
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- BUX
Geometry
- Grade
- 0.239
- Grade Unit
- g/t
- Intercept
- 0.37 m
- From
- 542.72 m
- To
- 543.09 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- MD002DD:542.72-543.09
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-08-19T00:00:00.000Z
Reasoning: Low grade gold intercept in a maiden drilling program.
Positive factors
- Maiden discovery
Negative factors
- Low grade
Evidence · text
“0.37m at 0.239g/t gold and 1630ppm copper from 542.72m”
MD002DDMadman · copperGrade: 1630Grade Unit: ppmIntercept: 0.37 mView all detailsHide details
Identity
- Hole ID
- MD002DD
- Project
- Madman
- Commodity
- copper
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- BUX
Geometry
- Grade
- 1630
- Grade Unit
- ppm
- Intercept
- 0.37 m
- From
- 542.72 m
- To
- 543.09 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- MD002DD:542.72-543.09
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-08-19T00:00:00.000Z
Reasoning: Low grade copper intercept coincident with gold.
Positive factors
- Coincident gold-copper mineralization
Evidence · text
“0.37m at 0.239g/t gold and 1630ppm copper”
MD002DDMadman · silverGrade: 1.61Grade Unit: ppmIntercept: 0.37 mView all detailsHide details
Identity
- Hole ID
- MD002DD
- Project
- Madman
- Commodity
- silver
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- BUX
Geometry
- Grade
- 1.61
- Grade Unit
- ppm
- Intercept
- 0.37 m
- From
- 542.72 m
- To
- 543.09 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- MD002DD:542.72-543.09
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-08-19T00:00:00.000Z
Reasoning: Trace silver reported in the intercept.
Evidence · text
“1.61ppm silver”
MD002DDMadman · arsenicGrade: 300Grade Unit: ppmIntercept: 0.37 mView all detailsHide details
Identity
- Hole ID
- MD002DD
- Project
- Madman
- Commodity
- arsenic
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- BUX
Geometry
- Grade
- 300
- Grade Unit
- ppm
- Intercept
- 0.37 m
- From
- 542.72 m
- To
- 543.09 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- MD002DD:542.72-543.09
Deleterious
- Deleterious Flag
- Yes
- Deleterious Elements
- arsenic
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-08-19T00:00:00.000Z
Reasoning: Arsenic detected in the intercept.
Negative factors
- Presence of arsenic
Evidence · text
“300ppm arsenic”
MD002DDMadman · bismuthGrade: 11.15Grade Unit: ppmIntercept: 0.37 mView all detailsHide details
Identity
- Hole ID
- MD002DD
- Project
- Madman
- Commodity
- bismuth
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- BUX
Geometry
- Grade
- 11.15
- Grade Unit
- ppm
- Intercept
- 0.37 m
- From
- 542.72 m
- To
- 543.09 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- MD002DD:542.72-543.09
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-08-19T00:00:00.000Z
Reasoning: Trace bismuth reported in the intercept.
Evidence · text
“11.15ppm bismuth”
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.