FMG’S railway is only 3kms away from the project area.
Here is the 1st exploration update on western shaw:
Western Shaw Project, East Pilbara Block WA (90% Buxton)
[FONT=Calibri,Calibri]Field inspection was recently undertaken to evaluate specific targets identified from a geological review. The project is located 190 km south[/FONT][FONT=Calibri,Calibri]‐[/FONT][FONT=Calibri,Calibri]southeast of Port Hedland and is strategically located within 3 km of Fortescue Metals new rail line. [/FONT]
[FONT=Calibri,Calibri]Two iron ore targets were identified;
- A small mesa (220m x 15m) capped by an upper resistant channel iron deposit was sampled. Target tonnage is considered modest based on the dimensions of the mesa. Results are awaited.
- Banded Iron Formation (BIF) in the same area was rock
- [FONT=Calibri,Calibri]‐[/FONT]chip sampled. The Western Shaw project is estimated to contain seven strike km of prospective BIF.
In addition to investigating the iron ore potential a stream gold anomaly and a barium[FONT=Calibri,Calibri]‐[/FONT]rich gossan have been inspected and sampled. Results are expected in several weeks.
buxton resources,top 20 own 61%,montezuma 6.27%=2,010,000 shares
32m shares,cash $3.2m last quarter…
current sp 0.170