Buxton Resources Ltd has initiated its maiden drilling program at the Centurion Project, targeting a large-scale geophysical anomaly with the characteristics of Iron Oxide Copper Gold deposits. The drilling program commenced with a water bore and a 1,000-meter exploration hole designed with a mud rotary pre-collar to quickly penetrate the Canning Basin sediments, followed by a diamond tail. The strategy includes provisions for immediate follow-up daughter holes to further investigate both magnetic and gravity aspects of the target, an approach aimed at minimizing technical risks while rapidly evaluating the potential of this IOCG system. Spanning an impressive 3,500 by 5,000 meters, the magnetic and gravity anomalies display amplitudes of approximately 1,500 nanoTeslas and 10.1 milligals respectively. Magnetic data indicates that the target lies between 520 and 700 meters beneath the surface, in a region that features a semi-coincident pattern of magnetic and gravity anomalies seen in well-known deposits such as Olympic Dam and Carrapateena. Historical drilling by another operator in 1993 encountered difficulties, having terminated before reaching basement rocks. However, preliminary observations of altered and intrusive clasts in the Permian Grant Formation have encouraged Buxton’s management, suggesting that the hydrothermal system may be more accessible than previously thought. Financially, the program benefits from cost efficiencies as drilling expenses will be partially offset by up to $220,000 from the Western Australia Government’s Exploration Incentive Scheme. The initial drill hole is expected to take three to four weeks to execute, with assay results possibly emerging by late September or early October. This efficient and methodical approach underlines Buxton’s strategy of pursuing geologically compelling, 100%-owned opportunities with significant potential upside. From a bullish perspective, the program’s design to rapidly test a critical geophysical target, paired with favorable government support and the prospect of discovering a deposit comparable to established IOCG systems, holds promise for advancing asset value and discovery potential. Conversely, bearish sentiment may arise from the inherent risks of early-stage exploration, including drilling challenges in a deep sedimentary environment and uncertainties linked to navigating complex geological structures. As Buxton progresses with its Centurion drilling operations, market participants and beginner traders should watch for the forthcoming assay results and any technical updates that will further clarify the project's trajectory.