CALGARY, Feb. 9, 2012 /CNW/ - Boxxer Gold Corp. (BXX-TSXV/OTC
Other-BXXRF)) ("Boxxer or the Company") is very pleased to provide an update on the diamond drilling program
on its 100% owned Boss porphyry copper-gold Boss project in Nevada;
including visual observation of the core from the last three diamond
DDH-09-2011 located on the Boss Extension skarn intersected
bornite-hematite mineralization over a core interval 2.5 m from 236.0
to 238.5m which is in addition to the mineralization previously
DDH-10-2012 located on the Oro Amigo patented claims intersected visible
malachite + azurite from surface to a depth of 14.0m in marble and
recrystallized limestone and reported copper oxide mineralization from
151.3m to 170.4m in silicified and recrystallized limestone.
Boxxer's President and CEO, Elmer B. Stewart, explained; "At the Boss
Extension skarn, multiple intervals and single occurrences of copper
mineralization occur within in a pyroxene skarn. The copper
mineralization intersected at Oro Amigo is hosted in moderately to
strongly silicified and recrystallized limestone and could be related
to the mineralized (copper-gold-silver-PGE) jasperoid outcrops that
occur within the Oro Amigo patented claims. Within the Boss project
jasperoid occurs only on the Oro Amigo area and in the hanging wall of
the Keystone fault, the main historical gold producing area in the
Goodsprings mining district data".
Diamond Drilling Results:
DDH-09-2011 is a vertical HQ diameter hole that was completed to a depth
of 273.6m. Pyroxene skarn and marble was intersected to a depth of
239.0m at which point the skarn shows a gradational contact to
recrystallized limestone and then limestone at the bottom of the hole.
The visual observation on the core from the top 175 m portion of this
hole was covered in a news release dated (January 13, 2012). At a depth
of 237.5m bornite mineralization is reported.
DDH-10-2012 was completed in the vicinity of the Oro Amigo mine. This
inclined HQ diameter hole that was completed to a depth of 245.5m. The
drill hole intersected two intervals of visible copper mineralization
and silicified and recrystallized limestone to a depth of 184.0m below
which recrystallized limestone and limestone occurs. Copper
mineralization (malachite and azurite) was observed over the core
interval from surface to 14.0m and from 151.3m to 170.4m.
DDH-11-2012 was completed in the vicinity of the Oro Amigo mine. This
hole is an inclined HQ diameter hole that was completed to a depth of
266.6m to test a chargeability anomaly. This hole intersected a
carbonate supported fault breccia to a depth of 144.1m and a brecciated
limestone to the end of the hole. Weakly silicified and carbonaceous
limestone was intersected over a core interval from 124.0m to
129.5m. This fault zone was not previously reported in the Goodsprings
The reader is cautioned that visible copper mineralization does not
necessarily equate to significant concentrations of copper. There is no
assurance that the assay results of the samples from these drill holes
will yield significant copper grades. The core intervals shown in this
news release are not true thickness.
Analytical results for the 2011 and 2012 diamond drill hole completed on
the Boss project are pending and will be reported on receipt thereof.
A plan map showing the location of the drill holes can be viewed on the
Company's website at www.boxxergold.com. (see: Boss project - Maps)
Future Boss Drilling Plans:
Boxxer has completed its current drilling program on the Boss project.
Future activities include compilation of all assays results,
re-interpretation of the Titan-24 geophysical results and another
diamond drilling program. Future drilling is planned on BLM lands and
will require permitting of additional drill sites.
East Breccia Property:
Boxxer is currently preparing a diamond drilling program on its East
Breccia property. The drilling is schedule to commence in early March
and an initial program of 2,000m is planned. Contingent on
observations in the cores, additional holes may be drilled. This zone
measures 750m long by 500m wide and is reported to have been drill
tested to a depth of 400m below surface. The mineralization and
alteration reported from this zone suggests the presence of an
Iron-Oxide-Copper-Gold style mineralization.
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., 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 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 either the copper
mineralization intersected in DDH -09-2011 and DDH-10-2012 would yield
significant grades of copper. 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.
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
Tel: 1-403-804-2251 or 1-403-264-4811
Toll Free: 1-888-479-3596
Boxxer Gold Corp