Calgary , Alberta CANADA, Nov 10, 2010 (Filing Services Canada via COMTEX) — Boxxer Gold Corp. (BXX – TSX Venture)(BXXRF – OTCBB_Pink_Sheets), (“Boxxer” or the “Corporation”) is very pleased to provide an update on exploration activities on the Boss and Buena Vista copper projects in Nevada.Diamond drilling on the Boss porphyry copper project continues.The first drill hole has been completed and the second drill hole, which is on the Boss Extension copper-gold skarn, is already underway.At the Buena Vista Iron-Oxide-Copper-Gold project, the Quantec TITAN-24 DCIP and MT survey is proceeding and is expected to be completed in November.
“The recently completed Titan-24 survey on the Boss project has identified 24 additional targets which need to be tested,” commented Mr. Elmer B. Stewart, President and Chief Executive Officer of Boxxer Gold Corp.”As a result of these new targets, we will need to amend our current Notice of Work with the Nevada Bureau of Land Management (BLM) in order to adddrilling locations.Boxxer is completing the first ever systematic diamond drilling program in this old mining district, and we are testing a variety of different geophysical signatures, one of the many features that suggest the presence of a large porphyry copper target.And as with every exploration program, we expect each drill hole will provide us with additional information and ultimately contribute to our success in locating porphyry copper mineralization.”
Boss Project – Diamond Drilling:
The two Quantec Titan-24 surveys completed in 2010 identified a total of 56 chargeability anomalies.These anomalies can be divided into four distinct geophysical signatures, for which the first phase of the current drilling program seeks to test and determine the source.Upon completion of the first phase, a drilling schedule for each target will be finalized.
The first drill hole on Target BE#1 (high chargeability/low resistivity/positive MT response signature) has been completed.Logging, sawing and sampling of the core from the first hole is underway.Analysis of the samples will be released when received.The diamond drill is currently drilling target BE#2 (the Boss Extension copper-gold skarn) to test the copper mineralization that exhibits a moderate chargeability/high resistivity geophysical signature, the second of four geophysical signatures outlined on the property.
Buena Vista Project – Quantec Geophysical Survey:
The Quantec Titan-24 DCIP and MT geophysical survey over the Buena Vista project has commenced.The survey is expected to cover the entire project area including the 3,000 m long by 1,300 m wide alteration zone that hosts 57 zones of copper mineralization.
Boxxer also plans to complete a trenching program on the zones of copper mineralization to determine the actual dimensions and average copper grades in each zone.Completion of the trenching program in 2010 is contingent on receipt of approval for the proposed trenching program from the BLM.
Elmer B. Stewart, MSc. P. Geol., President of Boxxer, is the Corporation’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.
Standard & Poor’s Corporation Records Listing Program
Boxxer Gold Corp. (BXXRF 0.16, -0.04, -18.63%) announced today that its company information would be made available via Standard & Poor’s Corporation Records Listing Program.As part of the program, a full description of Boxxer Gold Corp. will be published in the Daily News Section of Standard Corporation Records, a recognized securities manual for secondary trading in up to 38 States under the Blue Sky Laws.Standard Corporation Records is available in print, CD-ROM, and via the Web at www.netadvantage.standardandpoors.com as well as through numerous electronic vendors.
The company information about Boxxer Gold Corp. to be made available through this program includes an in-depth description of Boxxer’s business operations, share price, dividend history, shares outstanding, company financial position, earnings, and full income statement and balance sheet.
Company information distributed through the Corporation Records Program is based upon information that Standard & Poor’s considers to be reliable, but neither Standard & Poor’s nor its affiliates warrant its completeness or accuracy, and it should not be relied upon as such.This material is not intended as an offer or solicitation for the purchase or sale of any security or other financial instrument.
About Boxxer Gold Corp.
Boxxer Gold is a Canadian junior resource company involved in theexploration of two copper projects in the state of Nevada, and a shear hosted gold project located 110 kilometres north of Yellowknife NWT, Canada.
For more information on Boxxer please visit our website at www.boxxergold.com or contact:
Boxxer Gold Corp.
Elmer B. Stewart
President & Chief Executive Officer