Buxton Resources rises most in over 6 years on offers for U.S. project

Buxton Resources

25/10/2021 06:03

Oct 25 -    ** Base metals explorer Buxton Resources
 BUX.AX  surges as much as 88.4% to A$0.130, marks its best day
since August 2015
    ** Co says it has received unsolicited approaches from
Canada- and London-listed companies to sell its Copper Wolf
project in Arizona, U.S.  urn:newsml:reuters.com:*:nASX68ZXCw
    ** Says project has large copper-molybdenum deposits and
excellent grades of supergene and hypogenen copper
mineralisation - forms of copper deposits 
    ** Adds that the project has further exploration potential
with low holding costs
    ** BUX says will evaluate strategic options for the project
    ** Stock highest since July 29
    ** Stock has risen 11.3% this year, as of last close on Oct.
22

 (Reporting by Navya Mittal)
 ((Navya.Mittal@thomsonreuters.com;))