The 3,000m RC drilling program aims to test up to 20 electromagnetic conductors, some with nearby calcrete geochemical anomalies, defined in the recent ground EM survey for Ni-Cu sulphide mineralization.
Buxton managing director Anthony Maslin said the drilling has been delayed due to heavy rains in the region.
"We have a large number of excellent Ni-Cu targets lined up for our maiden drilling program at Zanithus, each presenting the Company with great opportunities to potentially discover a new nickel sulphide deposit in the highly prospective Fraser range Nickel Province," Maslin added.
The company will also recieve an amount of up to $150,000 from the Australian Government to co-fund the drilling program at Zanthus, as it has been successful with its proposal under the Co-Funded Government Industry Drilling Program (2014) through the Department of Mines and Petroleum.
Located 60km along strike from Sirius Resources’ Nova nickel copper sulphide discovery, Zanthus also hosts an inferred magnetite resource at the Cohen Deposit of 103.6t at 26.5% iron, with an exploration target of 700 million to 1.3 billion tonnes, proactiveinvestors.com reports.
