Calgary, Alberta: Boxxer Gold Corp. (BXX-TSXV/OTC Other-BXXRF)(“Boxxer or the Company”) is very pleased to provide an update on recent exploration activity, including additional assays from DDH07-2011:
The initial analytical results for the core interval from surface to 37.1m in DDH-07-2011 were reported in a news release dated July 26, 2011. These results are being re-stated (see table below) to provide a more complete overview of analytical results. A plan map showing the location of DDH-07-2011 can be viewed on the Company’s website at www.boxxergold.com .
a) DDH07-2011 intersects a second significant interval of copper-gold-silver-molybdenum mineralization,
b) The second mineralized interval in DDH-07-2011 averaged 0.11% copper, 0.66 g/t gold, 2.50 g/t silver and 0.043% molybdenum (0.76% copper equivalent) over a core interval of 19.1m from 191.7m to 210.8m,
c) Three styles of mineralization intersected in DDH-07-2011, and
d) The combined high resolution airborne magnetic and radiometric survey over the DOK copper-gold porphyry project located in northwest British Columbia has been completed, results are pending.
Boxxer’s President and CEO, Elmer B. Stewart, explained; “We have had excellent results from the Boss Extension copper-gold skarn which is one of four large copper-gold skarns located within the 13,000 acre Boss Project. The discovery of significant grades of copper-gold-silver-molybdenum mineralization marks a major milestone in the exploration of the Goodsprings District and the Boss porphyry copper-gold project for porphyry copper-gold deposits. The data to date suggest multiple mineralizing events which are all related to a porphyry system. The Boss Extension skarn will remain the focus of our exploration efforts over the next year to locate the source intrusive for the widespread copper-gold-silver mineralization, the copper-gold-silver molybdenum mineralization and the wide intervals of strongly anomalous gold values”.
The weighted average grades (at a zero cut-off) for the metals in DDH-07-2011 and the estimated recoverable copper equivalent for each interval are show below:
DDH ID# Dip Azimuth From To Interval Cu Au Ag Mo Cu Eq
(m) (%) (g/t) (g/t) (%) (%)
DDH-07-2011 -60 190 0 37.1 37.1 0.27 0.04 3.03 trace 0.31
including 20.3 35.6 15.3 0.53 0.03 5.81 trace 0.60
191.7 210.8 19.1 0.11 0.66 2.50 0.043 0.76
including 192.5 208.0 15.5 0.13 0.80 2.80 0.052 0.92
Note: i) core intervals shown in above table are not true thickness; ii) copper and molybdenum values converted to percentage by dividing metal concentration reported by laboratory by 10,000
The interval of oxide copper-gold-silver mineralization and copper-gold-silver-molybdenum mineralization intersected in DDH07-2011 are both hosted in a marble and garnetiferous skarn and exhibits a strong bismuth-cobalt-nickel geochemical signature along with sporadic anomalous arsenic values.
Anomalous gold values that range from 3 to 30 times the average background value for gold were intersected from 81.65m to 102.2m (17.08m thick) and from 167.7m to 212.5m (44.7m thick) with values ranging from 0.01 g/t to 0.10 g/t. The gold is associated with a multi-coloured skarn. No other elements are associated with the gold values. The same style of anomalous gold values was intersected in DDH-06-2011 located approximately 300m southeast of DDH-07-2011.
The recently completed 3D chargeability model shows that DDH-07-2011 was located on the southern edge of a strong chargeability anomaly and was drilled to the south away from the chargeability anomaly. This is consistent with the analytical data from the drill hole. The chargeability model shows that the strongest portion of the anomaly is located to the west of DDH-07-2011.
Future Boss Drilling Plans:
The mineralization intersected in DDH-07-2011 appears to be the southern extension of the copper-gold-silver mineralization exposed in both the Boss#12 and #13 zones, located downhill and approximately 50m to the north of DDH-07-2011. The 3D geophysical model (chargeability) shows that the main source for the chargeability anomaly is located to the west, toward the former Boss copper mine. The next round of drilling includes at least two or three holes into this same Boss Extension skarn, using the same set up as DDH-07-2011, before moving to the north approximately 100m to test the mineralization in the Boss#12 and Boss#13 zones. Additionally, the next round of drilling will also include two or three holes to test the Oro Amigo zone, to test a large positive chargeability body, and the depth extension of drill hole DDK-B-05-09 (total depth 47.9m), that intersected a weighted average grade of 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).
Precision GeoSurveys Inc. has completed the high resolution airborne magnetic and radiometric survey (1,509 line kms) over the DOK copper-gold-molybdenum-silver property located in northwest British Columbia. Results for the survey are pending. Line cutting and surveying is currently underway and is expected to be completed within 10-15 days, at which time the Quantec Titan-24 DCIP and MT ground geophysical surveys is scheduled to commence.
Sample Preparation and Analysis:
All drill core samples were prepared at the ALS Chemex laboratory in Reno, Nevada. Prepared sample pulps were shipped to ALS Chemex in Vancouver, British Columbia, for geochemical analysis (using ME-ICP61 package for base metals and Au-ICP21for gold). ALS Chemex’s quality system complies with the requirements for the International Standards ISO9001:2000 and ISO 17025:1999. Analytical accuracy and precision are monitored by the use of international standards. Additional quality control measures included insertion of blanks in all drill core sample batches submitted.
Recoverable copper equivalent calculations are based on 88% of the copper content plus 81% of the gold content, and 70% of the silver content. Metal prices are copper $US2.50/pound, gold $US1,200/ounce, and silver $US20.00/ounce.
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, has reviewed the technical information disclosed in this news release.
Elmer B. Stewart P. Geol. MSc.
President and CEO
For more information on Boxxer please visit our website at www.boxxergold.com or contact:
BOXXER GOLD CORP
Colin B. Christensen
Vice-President Corporate Development
BOXXER GOLD CORP
John L. Maslanyk
Vice President & Chief Information Officer
Toll Free: 1-888-479-3596
BOXXER GOLD CORP
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.
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