Buxton Resources Limited updated shareholders with results of processing, interpretation and field follow-up of new airborne magnetic data at the Company's Copper Wolf Project. The new magnetic data has helped to better understand the 3D structural architecture of the Project area. An obvious NE trending discontinuity transects the centre of the entire Project area at depth, and which aligns with the principal orientation of Laramide aged mineralisation in this porphyry belt.

These NE structures represent an arc-normal orientation which typically localise ore deposits within porphyry belts globally. Recent Buxton field follow-up has aimed to ground proof these structures. This fieldwork has identified an untested outcropping zone of fault-related Cu-Mo mineralisation which aligns well with this NE structural orientation.

The magnetic data also clearly maps the offset continuation of the NW trending Cow Creek Fault zone into areas that have not been drill tested. The intersection of the interpreted NW and NE structural corridors defines several high priority targets for future exploration at Copper Wolf. This work highlights the potential for modern geophysics to define drill targets below the cover sequence, including at shallow depths, and that porphyry style mineralisation in the Project area may be significantly more extensive than previously known.

Buxton's drillhole compilation has been filtered to highlight historical holes with known potassic alteration zones, specifically where secondary K-feldspar flooding &/or secondary biotite has been observed in core. Drillholes with assays of Cu > 0.5% and /or Mo > 0.1% in hypogene or transitional hypogene /supergene parts of the system are also highlighted where detailed alteration logging is not available. Together, these intersections are interpreted to be proximal to the source of porphyry intrusions and fluids responsible for high grade Cu/Mo mineralisation.

The spatial distribution of the highlighted drillhole intersections reveals there are several distinct mineralisation "clusters" present at Copper Wolf which collectively represent an extensive alteration footprint. Additionally, the location and orientation of the Sheep Mountain Stock has been replicated by implicit modelling of drillhole assays showing an elevated Mo/Cu ratio. The Stock appears to be an early /pre-mineral intrusion around which high-grade porphyry Cu-Mo mineralisation has developed.

Buxton's implicit modelling agrees with historical reports that indicate the Stock is plunging 50° west-northwest1. A particularly compelling set of exploration targets are evident along the NW trending edge of the basement block analogous to the Rattler Cluster /Cow Creek Fault zone. The principal target is at the Bobcat Cluster, which lies at the intersection of the NE trending Bobcat Cluster Fault and NW trending Cow Creek Fault structures, and above the NW plunging Sheep Mountain Stock.

This area has only been sparsely tested by drilling. A second conceptual target is located further NW along the Cow Creek Fault and is defined by a similar NE + NW structural intersection where no historical drilling has been undertaken. Based on these results, Buxton has expanded the project footprint by securing a second 640-acre State Mineral Exploration Permit.

Furthermore, Notices of Intent to Locate additional BLM lode claims have been issued to landholders which will provide Buxton exclusive rights to expand the total project tenure to over 12.5 km2 by the end of 2022. Buxton has also struck several land access agreements that provide access to and across key parcels of private land to support the forward exploration program.Buxton will utilise these results to define targets for additional ground geophysics and drilling, and will update shareholders with progress in due course.