CALGARY, Dec. 6, 2012 /CNW/ - Boxxer Gold Corp. (BXX-TSXV; OTC -BXXRF) ("Boxxer" or the "Company") is pleased to announce that it has executed contracts with Fugro Airborne Surveys ("Fugro") to complete high resolution geophysical surveys over the East Breccia copper-molybdenum-silver property, as well as the recently acquired mineral claims located approximately 60 kilometres north of Sault St Marie, Ontario.
Boxxer's President and CEO, Elmer B. Stewart, explained; "The airborne geophysical surveys are expected to be completed before the end of December 2012. The objective of the airborne surveys is to identify new areas of mineralized breccia that may have been covered with overburden, and to fully understand the scope of the East Breccia project. The data from these surveys will be used along with the historical and current diamond drilling information to plan the next phase of drilling on the East Breccia zone. The historical exploration data shows that in addition to the East Breccia and West Breccia zones of copper mineralization, three additional mineralized breccias were identified by mapping completed in the late 1960's."
Fugro has been contracted to complete a Horizontal Gradient Magnetic survey and a Time Domain Electromagnetic survey over the East Breccia property. A total of 540 line kilometres of surveys are planned with a line spacing of 200 metres. Tie lines with intervals of 2,000 meters are also planned. The surveys are to commence immediately and are expected to be completed before the end of December 2012.
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.
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 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 proposed surveys will be completed or that the results of the surveys would result in the discovery of additional mineralization. For any forward-looking information given, Management has assumed that a standard definitive agreement can be negotiated with the Vendors and 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 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 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
Toll Free: 1-888-479-3596
e-mail: [email protected]
Boxxer Gold Corp
Scott G. Stewart
Toll Free: 1-888-479-3596
Macam Investor Relations