CALGARY, Jan. 12, 2012 /CNW/ - Boxxer Gold Corp. (BXX-TSXV) (OTC
Other-BXXRF) ("Boxxer or the Company") is very pleased to provide an update on the ongoing diamond drilling
program on its 100% owned Boss porphyry copper-gold Boss project in
Nevada; including visual observation of the core from the first two
drill holes and the addition of mineral tenures to the DOK copper-gold
property in British Columbia.
DDH-08-2011 intersected visible malachite +/- bornite + azurite
mineralization over a core interval of 47.5 m from 1.79m to 49.3m and
at the core interval of 181.0m and the core interval of 278.0m,
DDH-09-2011 intersected visible malachite +/- bornite + azurite +
chalcopyrite mineralization over a core interval of 41.06m from 1.83m
to 42.89m and over a core interval of 5.12m from 170.0m to 175.12m,
The mineralization occurs as dissemination, fractures and veinlets
hosted in skarn, and
Two additional mineral tenures have been added to the DOK copper-gold
Boxxer's President and CEO, Elmer B. Stewart, explained; "The current
drilling program has intersected the mineralized skarn intersected in
DDH-07-2011 to the west and at depth. Copper mineralization is also
exposed in outcrop for a vertical distance of approximately 10m above
the location of the drill hole collars which suggests a thickness of
approximately 50m to the mineralized skarn. The data and textures
observed in the core suggests that the mineralization is hosted in a
large metasomatic skarn related to a porphyry system".
Diamond Drilling Results:
DDH-08-2011 is an inclined (-75 degrees) HQ diameter hole that was
completed to depth of 439.3 m. The upper 295m portion of this hole is
dominantly interlayered skarn and marble below which is carbonaceous
limestone to the bottom of the hole.
DDH-09-2011 is a vertical HQ diameter hole that is currently drilling in
an interlayered sequence of marble and skarn. The top 175 m portion
of this hole is covered in this news release.
The reader is cautioned that visible copper mineralization does not
necessarily equate to significant concentrations of copper. There is no
assurance that the assay results of the samples from these drill holes
will yield significant copper grades. The core intervals shown in this
news release are not true thickness.
Analytical results for the mineralized core intervals observed in
diamond drill hole ("DDH") DDH-08-2011 and DDH-09-2011 have not been
received. The current drill holes were drilled from the same location
as DDH-07-2011. A plan map showing the location of the drill holes can
be viewed on the Company's website at www.boxxergold.com. (see: Boss
project - Maps)
Future Boss Drilling Plans:
Boxxer currently plans to complete two diamond drill holes in the
vicinity of the former Oro Amigo mine to test two large positive
chargeability anomalies and follow-up the results of drill hole
DDH-B-05-09 (total depth 47.9m) that intersected a weighted average
grade of 1.05% copper and 0.15 g/t gold over an interval of 20.0 metres
(see News Release dated May 19, 2009). The mineralization in the Oro
Amigo mine and in DDH-B-05-09 is interpreted to represent a "leakage"
zone from the deeper, large chargeability anomaly.
Boxxer is pleased to announce the addition of two additional mineral
tenures (totalling 866.7 Hectares or 2,140.8 acres) to the DOK
copper-gold-molybdenum-silver property located in northwest British
Columbia. These mineral tenures were added to cover a coincident
potassium/positive magnetic signature outlined by an airborne
geophysical survey completed in 2011. These mineral tenures are
subjected to the terms and conditions of the option agreement on the
DOK property executed in 2011.
About Boxxer Gold Corp.
Boxxer is a Canadian junior resource company involved in the exploration
of the Boss and Buena Vista copper projects in the state of Nevada, the
DOK copper-gold porphyry property in Northwest B.C., the East Breccia
copper-silver-molybdenum property in Ontario. Boxxer also has the
Crescent Peak gold-silver project in Nevada and the Gordon Lake gold
project located 110 kilometres north of Yellowknife NWT, Canada.
Elmer B. Stewart, MSc. P. Geol., President of Boxxer Gold, is the
Company's nominated Qualified Person pursuant to National Instrument
43-101, Standards for Disclosure for Mineral Projects, has reviewed the
technical information disclosed in this news release.
On behalf of the Board of Directors
Elmer B. Stewart P. Geol. MSc.
President and CEO
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements: This news release may contain certain forward-looking information. All
statements included herein, other than statements of historical fact,
are forward-looking information and such information involves various
risks and uncertainties. There can be no assurance that such
information will prove to be accurate, and actual results and future
events could differ materially from those anticipated in such
information. There is no certainty that either the copper
mineralization intersected in DDH-08-2011 or DDH -09-2011 would yield
significant grades of copper or that the chargeability targets located
on the Boss project can either be extended or that additional
mineralization would be found. There is no certainty that the
coincident potassium/positive magnetic signature outlined by the high
resolution magnetic survey on the DOK property will locate significant
mineralization. For any forward-looking information given, Management
has assumed that the results it has received and the interpretation
thereof are reliable, and has applied geological and geophysical
interpretation methodologies which are consistent with industry
standards. Although Management has a reasonable basis for the
conclusions drawn, actual results may differ materially from those
currently anticipated in such statements. A description of assumptions
used to develop such forward-looking information and a description of
risk factors that may cause actual results to differ materially from
forward-looking information can be found in Boxxer's disclosure
documents on the SEDAR website at www.sedar.com. Boxxer does not undertake to update any forward-looking information
except in accordance with applicable securities laws.
SOURCE Boxxer Gold Corp.
For further information:
on Boxxer please visit our website at www.boxxergold.com or contact:
| Boxxer Gold Corp || Boxxer Gold Corp |
| John L. Maslanyk || Keith Bullen |
| Vice President & Chief Information Officer || Investor Relations |
| Tel: 1-403-804-2251 or 1-403-264-4811 || Tel: 1-416-350-2794 |
| Toll Free: 1-888-479-3596 || Fax: 1-416-350-2794 |
| e-mail: firstname.lastname@example.org || e-mail: email@example.com |