Calgary , Alberta CANADA, Jul 12, 2011 (Filing Services Canada via COMTEX) — Boxxer Gold Corp. (BXX – TSX Venture, BXXRF – OTC Pink),is pleased to provide an update on the Company’s activities, including; i)exploration results from 3D modelling of the three Titan-24 DCIP & MT surveys completed over the northern end of the Boss project, (ii) exploration plans for the DOK and East Breccia properties, and (iii) grant of 3.65 million stock options..A plan map showing the chargeability signature for the Boss project can be viewed on the Company’s website at www.boxxergold.com .
a) The 3D solids model has outlined three areas of positive chargeability and low resistivity that extend to depths in excess of 500m below surface.These signatures are typical of a porphyry system,
b) The 3D solids model shows that the diamond drill holes completed to date are either on the side or immediately adjacent to the chargeability targets,
c) The contract for a high resolution airborne magnetic survey of the DOK copper-gold-molybdenum-silver project located in northwest British Columbia has been awarded and is set to commence mid-July,
d) Conditional regulatory approval for the option to earn a 100% working interest in the East Breccia copper-molybdenum-silver project in Ontario has been received, and
Boxxer’s President and CEO, Elmer B. Stewart, explained, “Boxxer is making excellent progress in implementing its corporate strategy of acquiring a portfolio of large poly-metallic copper projects in North America.The 3D solids model for the northern portion of the Boss project suggests that the anomalous copper-gold-silver geochemisty and oxide copper mineralization intersected in the first 6 holes of the current drilling program, are located on the edge of areas of stronger positive chargeability, but not in the optimal locations, a typical situation encountered in the early stage exploration of previously unexplored districts, essentially part of the “learning curve”.
Both the intensity and style (both disseminated and fracture controlled) of oxide copper mineralization intersected in DDH-07-2011 is completely different from the disseminated oxide copper mineralization intersected in the previous 6 holes. DDH-07-2011 appears to have intersected the southern edge of one of the strong chargeability anomalies.
Figure-1 shows the location of the diamond drill holes in relation to the areas of strong positive chargeability (red to pink color) anomalies, the location of the Boss Extension copper-gold skarn as mapped on surface and the Boss and Oro Amigo, two former copper-gold mines in this part of the Boss Project. The area shown in Figure-1 occurs within the northern portion of the Boss project.
The low-grade gold-silver mineralization in DDH-06-2011 is associated with silicification, suggesting a distinct gold-silver mineralizing event in this part of the Goodsprings Mining District. This style of mineralization was intersected in DDH-03-2010 (previously designated DDH-06A-2010) and in outcrop.
The 3D model has outlined a strong positive chargeability anomaly located immediately south of the Oro Amigo mine, a former copper-gold producer in the Goodsprings Mining District.This new 3D data, in conjunction with a drill hole completed by Boxxer in 2009, sets up the Oro Amigo area as a prime exploration area for additional porphyry targets within the Boss project area.This diamond drill hole, DDK-B-05-09 (total depth 47.9m), intersected a weighted average gradeof 1.05% copper and 0.15 g/t gold over an interval of 20.0 metres including 3.53% copper, 0.43 g/t gold, 0.53 g/t PGE and 1.13 g/t silver over 5.46 m (see News Release dated May 19, 2009).
Figure – 1 Ip Chargeability Plan Map At 300 M Depth With 2010-2011 Ddh Location can be viewed at:
Boxxer has executed a contract with Precision GeoSurveys Inc. for a high resolution airborne magnetic survey (1,509 line kms) to be completed over the DOK copper-gold-molybdenum-silver property located in northwest British Columbia. The survey is scheduled to start mid-July 2011.The DOK property is located with the area designated by the province of British Columbia for airborne geophysical and geochemical surveys in 2011.This work is designed to locate targets to stimulate exploration within this area.
East Breccia Property
Boxxer has received conditional regulatory approval for the option agreement on the East Breccia copper-molybdenum-silver project located in Ontario.Three breccias over a strike length of approximately 2,000m and a zone of lead-zinc-silver mineralization occur on the East Breccia property.A review of the exploration data has been completed and Boxxer is preparing its exploration program expected to commence in late August 2011.
Subject to regulatory approval, Boxxer has awarded a total of 3.65 million options to consultants, officers and directors of the corporation. The options have a three year term that expires July 8, 2014, an exercise price of $0.20 per share and are subject to the terms and conditions of the Company’s stock option plan, which was approved by shareholders at the Annual General Meeting held on June 28, 2011.
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 shear hosted 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
Boxxer Gold Corp
Boxxer Gold Corp
John L. Maslanyk
Vice President & Chief Information Officer
Tel: 1- 403- 804-2251
Toll Free: 1-888-479-3596
Torrey Hills Capital
Senior Account Manager
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