Boxxer announces commencment of drilling on Boss copper-gold project and updates corporate activities and 2012 exploration plans

CALGARY, Nov. 29, 2011 /CNW/ - Boxxer Gold Corp. (TSX-V:BXX/OTC Other:BXXRF) ("Boxxer" or the "Corporation") is pleased to announce it has commenced diamond drilling on its Boss copper-gold property.  The first hole of the current drilling program is located on the Boss Extension copper-gold skarn and is testing the strike and depth extent of the two zones of mineralization intersected in DDH-07-2011.  Boxxer is also pleased to provide and update of its exploration plans for the first six months of 2012 as well as an update on corporate activities.

Highlights of Boss 2011-2012 Drilling Program:

  • A minimum five hole program is planned for the Boss Extension copper-gold skarn and the Oro Amigo zone,
  • The first hole; DDH-08-2011 will test the strike and down dip extension of the mineralization intersected in

DDH-07-2011 on the Boss Extension copper-gold skarn (see news release dated September 6, 2011), and

  • The mineralization in DDH-B5-09 and the shape of the chargeability anomaly suggests that the mineralization represents a "leakage zone" from the chargeability target located below the Oro Amigo mine.

Boxxer's President and CEO, Elmer B. Stewart, commented, "The mineralized skarn intersected in DDH-07-2011 was a milestone in establishing the potential to locate porphyry style copper-gold mineralization on the Boss Property.  The significance of the mineralization intersected in DDH-B5-09 on the Oro Amigo has been greatly enhanced by the results of the 3D solids chargeability model. These drill results coincide with two separate, large chargeability anomalies and are excellent exploration targets. Boxxer is planning a diamond drilling program on the East Breccia property in Ontario, which is planned for the first and second quarters of 2012."

East Breccia Property:
Boxxer is currently assessing the requirements to complete a diamond drilling program to verify the presence of the reported copper-silver-molybdenum mineralization intersected during drilling programs completed in the late 1960's and early 1970's on this property.   The proposed drilling program will focus on the East Breccia zone with a possibility of completing one or two drill holes in the West Breccia zone as well.  The drilling is planned to commence in March 2012.

Share Issuance:
Boxxer has agreed, subject to regulatory approval, to issue Hillcrest Investments Ltd. ("Hillcrest") a total of 240,000 common shares of Boxxer in lieu of the twenty-four monthly cash payments from January 1, 2012 until December 31, 2013 required pursuant to the lease agreement on Hillcrest's 50% interest in the Boss patented claims.  The lease payments totaled $36,000 and were issued at a deemed price of $0.15 per common share.

Corporate Update:
Boxxer regrets to announce that Colin Christensen, Vice President Corporate Development has submitted his resignation effective November 30, 2011. Boxxer's President and CEO, Elmer B. Stewart, commented; "On behalf of Boxxer I want to personally thank Colin for his contribution to Boxxer over the past eight years and wish him all the best in his new career".

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. To view Boxxer's projects please visit our website at www.boxxergold.com.

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, is 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 mineralization intersected by the drilling will result in the discovery of significant gold mineralization.  There is also no certainty that additional drilling would locate additional gold 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. For such statements, the Corporation claims safe harbour for future releases. 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 the Corporation's disclosure documents on the SEDAR website at www.sedar.com.  The Corporation does not undertake to update any forward-looking information except in accordance with applicable securities laws.

SOURCE Boxxer Gold Corp.

For further information:

For more information on Boxxer please visit our website at www.boxxergold.com or contact:

Boxxer Gold Corp Boxxer Gold Corp Boxxer Gold Corp
Colin B. Christensen
Vice-President Corporate Development
Tel: 403-264-4811
Fax: 1-403-237-6292
e-mail: colin@boxxergold.com
John L. Maslanyk
Vice President & Chief Information Officer
Tel: 1-403-804-2251
Toll Free: 1-888-479-3596
e-mail: john@boxxergold.com
Keith Bullen
Investor Relations
Tel: 1-416-350-2794
Fax: 1-416-350-2794
e-mail: kbullen@rogers.com

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Boxxer Gold Corp.

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