CALGARY, May 27, 2013 /CNW/ - Boxxer Gold Corp. (BXX-TSXV; OTC -BXXRF)
("Boxxer" or the "Company") is pleased to announce the recommendations of an independent National
Instrument 43-101 Technical Report, Standards of Disclosure for Mineral
Projects ("NI 43-101"), on its 100% owned Buena Vista copper project,
located in Churchill County, North Central Nevada.
The Technical Report on the Buena Vista Project dated April 25, 2013 was
prepared by Phil Van Angeren P.Geol., Qualified Persons as defined by
NI 43-101. The report has been filed on SEDAR and will be available for
viewing under the company's profile at www.sedar.com and on the company website at www.boxxergold.com. Highlights of the Technical Report are set out below:
The stratigraphic, structural, geophysical and geochemical features of
the Buena Vista property suggest that it has excellent potential to
host iron-oxide-copper-gold (IOCG-style) mineralization,
The encouraging results from Boxxer's 2006/07 & 2012 exploration and
from the geophysical anomalies indicated in 2010, continued surface
exploration is warranted for Phase I,
Trenching is recommended for the more significant mineralized exposures
(e.g., the CS series of occurrences, and the 2006 rock-sample sites).
Phase I is budgeted at US $178,000, and
Phase II will follow Phase I, with up to 1,500 meters (15,000 ft) of
core drilling, evidently contingent upon results from Phase I. The
objective of the drilling program will be to test the lateral and depth
continuity of the geological and geophysical targets deemed to be of
highest priority by Phase I. Of particular interest will be the IP1, MT2-MT3, IP4/MT5 and the IP6/MT6 anomalies. A budget of US $857,000 is recommended to complete this
second phase of exploration.
During the next Quarter, Boxxer is focusing on completion of National
Instrument 43-101 technical reports on the Gordon Lake gold project and
the Boss copper project. Boxxer is currently seeking partners to
conduct exploration on all of its projects. The corporate strategy
implemented by Boxxer in 2009 to work only in North America, focus on
large polymetallic copper projects with good logistics offers potential
partners a safe geopolitical climate in which to conduct exploration
activities. Boxxer has re-structured its activities to prioritized and
achieve the maximum amount of data for the dollars expended. Boxxer is
currently considering completing ground geophysical surveys to further
delineate and gain a better understanding of the recently identified
airborne anomalies (including the East Breccia zone and the West
Breccia zone of copper mineralization) to identify diamond drill
About Boxxer Gold Corp.
Boxxer is a Canadian junior resource company involved in the exploration
for large polymetallic copper deposits in North America. Boxxer's
active projects include 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
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, and 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 additional exploration will
identify additional exploration targets or expand the dimensions of
known zones of mineralization. There is no certainty and that
additional exploration of the Buena Vista project and the East Breccia
project would result in the discovery of additional mineralization.
For any forward-looking information given, Management has assumed that
a standard definitive agreement can be negotiated with the Vendors and
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 additional 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:
For more information on Boxxer please visit our website at www.boxxergold.com or contact:
Boxxer Gold Corp
John L. Maslanyk
Vice President & Chief Information Officer
Toll Free: 1-855-444-4811