CALGARY, Nov. 30 /CNW/ - Gold Corp (TSXV - "BXX") is pleased to announce that, subject to regulatory approval and pursuant to the company's First Right of Refusal on the Chiquita Gold Mine, (see news release dated October 21, 2009), the directors have approved the terms for a transaction in order to document a final Mining Lease agreement with each of the two private owners.
The Chiquita Gold Mine property is made up of five patented and ten unpatented lode claims that cover approximately 300 acres, and are surrounded by Boxxer's existing claims that make up the company's Boss property in southern Nevada. Additional details of this transaction will be announced with the completion of a final agreement, anticipated prior to the end of December 2009.
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 include and evaluate the potential of this property. The Chiquita claims will be added to our ongoing exploration efforts to assess the overall mineral potential of the Boss Project, and the Goodsprings Mining District."
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.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.
Forward Looking Statements: This news release contains forward - looking information including but not limited to comments regarding the timing and content of upcoming work programs and geological interpretations. Forward - looking information includes disclosure regarding possible future events and therefore, involves inherent risks and uncertainties. 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, we claim the safe harbour for future.
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: email@example.com; Boxxer Gold Corp: John L. Maslanyk, Vice President & Chief Information Officer, Tel: (403) 804-2251, Toll Free: 1-888-479-3596, e-mail: firstname.lastname@example.org; CHF Investor Relations: Alison Tullis, Senior Account Manager, Tel: (416) 868-1079 ext. 233, Fax: (416) 868-6198, e-mail: email@example.com