CALGARY, May 25, 2012 /CNW/ - Boxxer Gold Corp. (TSX-V:BXX/OTC Other:BXXRF) ("Boxxer" or the "Corporation") is pleased to announce that it has commenced the previously announced 2,000m diamond drilling program on its 4,300 acre East Breccia copper-molybdenum (rhenium)-silver-tungsten property. The East Breccia property hosts two large zones of copper-molybdenum (rhenium)-silver-tungsten mineralization located in the Sault Ste. Marie Mining Division in south-central Ontario. Boxxer can earn a 100% interest in the East Breccia property subject to a 3% Net Smelter Return ("NSR").
Boxxer also announces the location of a previously unreported outcrop with copper mineralization associated with a positive magnetic trend along strike of the West Breccia mineralized zone within the East Breccia Property. Review of the historical data has identified several positive magnetic anomalies located approximately 100m east of the East Breccia mineralized zone. The first 3 drill holes of the planned 2012 program will test the copper-molybdenum (rhenium)-silver-tungsten mineralization associated with a weak positive magnetic anomaly that was identified through a previously completed airborne survey.
Boxxer also announces that its 2012 Annual General Meeting will be held on Thursday, May 31, 2012, at 10:00 am at The Mezzanine Floor, Livingston Place Conference Centre, Room B - South Tower, 222 - 3rd Avenue SW, Calgary, AB. T2P 0B4
About Boxxer Gold Corp.
Boxxer is a Canadian junior resource Corporation 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 British Columbia, 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.
Elmer B. Stewart, MSc. P. Geol., President and CEO of Boxxer Gold, is the Company's nominated Qualified Person pursuant to National Instrument 43-101, Standards for Disclosure for Mineral Projects, 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 the copper mineralization located in outcrop or the planned diamond drilling mentioned in the news release would yield additional significant grades of either copper or other metals. 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. 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 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.
For further information:
on Boxxer please visit our website at www.boxxergold.com or contact:
Boxxer Gold Corp
Boxxer Gold Corp
John L. Maslanyk
Vice President & Chief Information Officer
Toll Free: 1-888-479-3596
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