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
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
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
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
| John L. Maslanyk |
Vice President & Chief Information Officer
Toll Free: 1-888-479-3596
| Keith Bullen |