CALGARY, Nov. 8, 2011 /CNW/ - Boxxer Gold Corp. (TSXV:BXX)(OTC:BXXRF) ("Boxxer" or the "Corporation") announces that the Earn-In Option
Agreement ("Agreement") with Champlain Resources Inc. ("Champlain") on
the Gordon Lake gold property in the NWT has been terminated.
Under the terms of the Agreement, Champlain could have earned a 55%
interest in the project over a three year period by spending $2,000,000
in exploration expenditures; paying Boxxer $100,000; and issuing
1,250,000 common shares of Champlain. Champlain has not completed the
earn-in requirements pursuant to the Agreement, and as a result, the
Agreement has been terminated.
About Boxxer Gold Corp.
Boxxer is a Canadian junior resource company focused on 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.
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. 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
| John L. Maslanyk |
Vice President & Chief Information Officer
Toll Free: 1-888-479-3596
| Keith Bullen |