CALGARY, Oct. 21 /CNW/ - Boxxer Gold Corp. (TSX Venture: BXX) ("Boxxer" or the "Corporation") is pleased to announce it has obtained an arms length First Right of Refusal ("FRR") on five patented mineral claims and 10 unpatented mineral claims that cover the Chiquita gold property located in the Goodsprings Mining District, southern Nevada. The FRR requires Boxxer to make an US$18,000 payment to the owners of the mineral claims and gives Boxxer until December 31, 2009 to complete any technical due diligence and negotiate an agreement acceptable with the holders of the patented and unpatented mineral claims. There is no guarantee that a formal lease agreement will be entered into by Boxxer and the private companies.
Mr. Elmer Stewart, President and CEO of Boxxer stated, "The mineral claims making up our Boss copper-gold project already surround the Chiquita claims, making it only logical to try to include and evaluate the potential of this property; especially following the recent acquisition of the Crystal Pass unpatented gold claims. The Chiquita claims would be added to our ongoing exploration efforts to assess the overall mineral potential of the Boss Project, and the Goodsprings Mining District." According to Hewitt (1931), very little historical data is publicly available regarding the operation and reported production for the Chiquita property.
About Boxxer Gold Corp.
Boxxer Gold is a Canadian junior resource company involved in the exploration of three copper-gold projects in the state of Nevada. Boxxer recently announced a Letter of Intent, whereby Champlain Resources Ltd. has obtained, subject to regulatory approval and completion of certain terms and conditions (see News Release dated September 16, 2009) a right to earn a 55% interest in Boxxer's Gordon Lake project located 110 kilometres north of Yellowknife NWT, Canada.
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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. Forward - looking information includes but is not limited to comments regarding the timing and content of upcoming work programs and geological interpretations. There can be no assurance that such information or interpretations of data will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. 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 company's disclosure documents on the SEDAR website at www.sedar.com. The company does not undertake to update any forward-looking information except in accordance with applicable securities laws.
SOURCE Boxxer Gold Corp.
For further information: For further information: on Boxxer please visit our website at www.boxxergold.com or contact: Boxxer Gold Corp, Elmer B. Stewart, President & Chief Executive Officer, Tel: (403) 264-4811, Cel: (403) 680-9584, e-mail: firstname.lastname@example.org; Boxxer Gold Corp, John L. Maslanyk, Vice President & Chief Information Officer, Tel: (403) 804-2251, Toll Free: 1-888-479-3596, e-mail: email@example.com; CHF Investor Relations, Alison Tullis, Senior Account Manager, Tel: (416) 868-1079 ext. 233, Fax: (416) 868-6198, e-mail: firstname.lastname@example.org