Buxton Resources (ASX:BUX) has announced outstanding assay results confirming high-grade, thick graphite throughout the project area at its 100% owned Graphite Bull project in the Gascoyne region of Western Australia.

Buxton Resources says the assay results show that the RC drill program has returned outstanding graphite mineralisation and that numerous zones of thick and high-grade mineralisation have been discovered, including a newly identified zone called Fig 1.

The company highlighted intersections of 33m @ 18.7% TGC, 18m @ 16.2% TGC, 32m @ 17.7% TGC and 5m @ 24.8% TGC, and 5m @ 24.5% TGC.

Buxton Resources's share price is up 24% at 11:24am AEST.