CALGARY, Feb. 3, 2012 /CNW/ - Boxxer Gold Corp. (TSXV: BXX)(OTC: BXX)
(Other-BXXRF) ("Boxxer or the Company") is pleased to provide an update on corporate activities on its now
100% owned Buena Vista copper-gold project in north central Nevada.
Boxxer has purchased a 20% working interest from its partners in the
Buena Vista project, bringing its ownership in the project to 100% ,
The additional 20% working interest has been purchased by granting an
industry standard one percent (1%) Net Smelter Return ("NSR") to the
Surface exploration of the Buena Vista project is expected to get
underway by the end of February, 2012.
Boxxer's President and CEO, Elmer B. Stewart, explained; "Now that
Boxxer owns a 100% working interest in the Buena Vista copper-gold
project, our exploration plans for 2012 can commence. The 2012
exploration program includes assessing the iron potential of the
project based on the iron deposits that were exploited in this area in
the mid-1940's. The primary focus of the 2012 program will be to
understand the dimensions, continuity and grade of the 53 zones of
copper mineralization located on the property. The data collected to
date strongly supports an iron-oxide-copper-gold style of
mineralization for this property".
The exploration of the Buena Vista property is expected to get underway
in mid to late February, 2012. The work will focus on understanding
the relationship between the strong iron carbonate alteration, the 53
zones of copper mineralization exposed on surface and the Titan-24
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. and 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 the proposed surface work on
the Buena Vista project would extended the know zones of copper
mineralization or that additional mineralization would be found. 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 |