{"id":121256,"title":"Buxton Gold (ASX $BUX) Gervaise Heddle’s Strategic Return to Tier-1 Exploration","publisher":"Share Talk","author":"sharetalk","published":"2025-04-02T11:12:42+00:00","modified":"2026-06-22T12:05:20+00:00","canonical_url":"https://www.share-talk.com/buxton-gold-asx-bux-gervaise-heddles-strategic-return-to-tier-1-exploration/","markdown_url":"https://www.share-talk.com/buxton-gold-asx-bux-gervaise-heddles-strategic-return-to-tier-1-exploration.md","json_url":"https://www.share-talk.com/buxton-gold-asx-bux-gervaise-heddles-strategic-return-to-tier-1-exploration.json","category":"Exclusive Interviews","categories":["Exclusive Interviews","Mining"],"tags":["Arizona","BUX","Buxton Gold","COPPER","Copper Wolf","Gervaise Heddle","Gold","Greatland Gold","USA"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2025/04/4-Buxton-Gold-_-Gervaise-Heddles-Strategic-Return-to-Tier-1-Exploration-.-2025-04-02-at-11.59.37-AM.webp?fit=1200%2C688&quality=80&ssl=1","format":"news","language":"en-GB","content":"Gervaise Heddle, Non-Executive Chairman of Buxton Resources and former CEO of Greatland Gold, joins StockBox Media to discuss Buxton’s bold exploration strategy and high-impact drill targets.\n\n- High-impact targets in focus: Drilling begins in June at Centurion, a large IOCG copper-gold target with Olympic Dam-scale potential.\n\n- Havieron-style potential at Madman: A magnetic bullseye anomaly under shallow cover presents a compelling target, geophysically similar to Havieron and potentially linked to the same geological event.\n\n- Strategy for scale: Buxton is targeting large geophysical systems from day one, aiming to build a billion-dollar company through early identification of major mineralised systems.\n\n### **Copper Wolf JV Update**\n\n#### **IGO elects to earn another 19% by spending A$5M over 3 years**\n\nBuxton Resources Limited (“Buxton”; ASX:BUX & BUXO) hereby provides an update to shareholders in relation to the[Copper Wolf Project, in Arizona, USA](https://buxtonresources.com.au/announcements/6893075). IGO Limited (“IGO”) has elected to earn an additional 19% interest, which if completed will bring its stake to 70%, by investing an aggregate A$5.35 million in exploration and development.\n\nBuxton believes that this decision underscores the strategic value of Copper Wolf and represents a major endorsement of the project’s potential by a leading ASX-listed mining company. IGO had previously sole-funded a drilling program that resulted in exceptional intersections of porphyry mineralisation with assay results including 405.38 m @0.35% Cu and 0.05% Mo in CPW002DD and 83.76m @ 0.4% Cu and 0.06% Mo in CPW001DD (ASX 14 Dec 2023).\n\n[!\\[\\](https://www.share-talk.com/wp-content/uploads/2025/04/ASX_BUX-Copper-Wolf-JV-Update-Google-Chrome-2025-04-02-at-12.09.44-PM-300x214.webp)](https://buxtonresources.com.au/announcements/6893075)\n\nBuilding on these successes, the JV operating committee has advised that exploration through to June 2025 is focussed on assessing the feasibility of conducting geophysical surveys to target high-grade porphyry mineralisation at depth. This funding commitment not only advances the technical understanding of the project but also significantly de-risks Buxton’s investment by leveraging IGO’s financial and technical resources.\n\nBuxton maintains a free-carried interest in the JV Tenements through this stage of exploration while retaining a 100% interest in a 30.5 km2 area surrounding the JV Tenements which covers the highly prospective and undrilled extension to the Copper Wolf porphyry system at Wolverine (ASX 11/01/2024 & 1/05/2024) in the East and drilling targets beneath intense veining and alteration at the Sun Devil & Aztecs prospects (ASX 13/02/2024 & 11/03/2024) in the West"}