CALGARY, Nov. 15, 2013 /CNW/ - Boxxer Gold Corp. (BXX-TSXV; OTC -BXXRF)
("Boxxer" or the "Company") is pleased to announce the results of a recently completed mapping
and VLF-EM geophysical survey completed over a portion of its 11,300
acre East Breccia copper-molybdenum-silver project in September 2013. A
significant number of copper-silver +/- molybdenite bearing breccia
pipes have been located by historical and current exploration in the
Batchawana Greenstone Belt, some of which have been mined (i.e. Tribag
Copper mine) in the past.
The East Breccia project is located approximately 60 kilometres north of
Sault Ste Marie, Ontario in the Batchawana Greenstone Belt. This
Greenstone Belt is interpreted to be a part of the Mid Continent Rift,
a regional scale structural feature that hosts numerous large base and
precious metal mines in Canada and the United States. Results are
Two previously unknown breccias with significant copper-silver
mineralization have been located approximately 2 kms east of the
previously acquired Mountain Breccia,
These breccias are located within the 12 kilometer long by 6 kilometre
wide area that hosts all conductivity, magnetic and electromagnetic
targets as well as all known mineralized breccias (see news release
dated April 4th, 2013),
These mineralized breccias contain significant copper-silver +/-
molybdenite-rhenium mineralization and have an associated positive
magnetic signature, and
The VLF-EM survey has located zones of conductivity that range from 100
to 200m wide and up to 500m long associated with these mineralized
breccia and positive magnetic signatures.
Boxxer's President and CEO, Elmer B. Stewart, explained; "The recent
exploration brings the total number of mineralized breccias within the
property to 10 and suggests that the breccia hosted copper-silver
mineralization is more widespread than previously known. A large
portion of the East Breccia project remains to be explored using modern
technology. The combination of the large target area and multiple large
mineralized breccias enhances the potential of the East Breccia
property to host Iron Oxide Copper Gold mineralization."
Five select characterization samples were collected to determine the
concentrations of copper and associated metals in the two mineralized
breccias. Analytical results of the five samples are shown in the
ppm = part per million, 10,000 ppm equals 1%
Four of the five samples contain significant concentrations of copper
and/or silver. Sample EB-4 also contains 0.006% molybdenum and
0.205g/t rhenium similar to the mineralization in the East Breccia zone
located approximately 4 kms northeast. The limits of the copper
mineralization in both breccias have not been defined.
Additional prospecting, mapping and VLF-EM surveys are currently
underway in the area northeast of the East Breccia zone of
copper-molybdenum-silver mineralization. The conductivity and magnetic
signatures associated with the East Breccia zone of mineralization
suggest that this zone could extend 500 metres further to the north and
700 metres to the southwest beyond its currently known boundaries
bringing the potential total strike length to over 1,500m in length.
Sample preparation and analysis was completed by ALS Chemex located in
Sudbury, Ontario. Analyses were completed using code ME-MS61 using a
four acid digestion and analyzing for 48 element including
copper-molybdenum-silver-tungsten and rhenium. ALS Chemex did run their
internal blanks and standards with the samples submitted by Boxxer.
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.
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 Empire copper-gold-silver project in Idaho, the
DOK copper-gold-molybdenum porphyry property in Northwest B.C. and the
East Breccia copper-silver-molybdenum property in Ontario. Boxxer also
has the Gordon Lake gold project located 110 kilometres north of
Yellowknife NWT, Canada.
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 on the
East Breccia property will identify additional mineralization; extend
the limits of the existing mineralized zone, located additional
exploration targets or expand the dimensions of known zones of
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. Management has a reasonable basis for the conclusions
drawn. 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 law.
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