CALGARY, Oct. 14, 2011 /CNW/ – Boxxer Gold Corp. (TSXV:BXX) (OTC Other:BXXRF) (“Boxxer” or the “Corporation”) is pleased to announce the results of a high resolution aeromagnetic survey completed over the 18,500 acre DOK copper-gold porphyry property, located approximately 40 kilometres southwest of Telegraph Creek, in northwest British Columbia, Canada. Boxxer is earning a 100% interest in the DOK property.
The geology and mineralization on the DOK property exhibits many similarities with other large alkalic porphyry copper-gold deposits located in this area of northern British Columbia, such as the Galore Creek and Red Chris deposits. The majority of the exploration on the DOK property was completed in the early 1970’s. To view a map showing the results of the historical exploration data and the airborne magnetic data please visit Boxxer’s website at www.boxxergold.com.
Technical Highlights of the high resolution magnetic survey are:
The Total Field (TF) and Calculated Vertical Gradient (CVG) magnetic data has defined five large, strong, positive magnetic signatures within the property,
Two of the TF and CVG magnetic anomalies correlate with the two large previously identified copper-gold-molybdenum-silver in soil geochemical anomalies,
The TF and CVG data has outlined a large, semi-circular, strong magnetic signature in a previously unexplored area of the property,
The TF and CVG magnetic signatures that coincide with the larger of the two geochemical anomalies suggest that this anomaly could extend at least an additional 1,000m to the northwest.
Boxxer’s President and CEO, Elmer B. Stewart, explained; “The geology, historical soil geochemical anomalies, alteration, mineralization, and the widespread gossans combined with the recently identified strong positive magnetic signatures are all features typical of a large alkalic type porphyry copper-gold-silver environment. The three previously unknown intense positive magnetic signatures represent new exploration targets, especially the two that are associated with the large semi-circular intense magnetic low”.
DOK Property Highlights;
The exploration completed on the DOK property has provided some excellent results all consistent with an alkalic copper-gold porphyry environment. The data includes:
Widespread copper-gold-silver mineralization (with minor but significant concentrations of molybdenite) in potassic altered volcanic rocks of the Stuhini Group and altered quartz monzonite, quartz diorite, and granodiorite intrusives.
The significant number of the mineralized outcrop that coincide with two large, copper-gold-molybdenum-silver soil geochemical anomalies.
The northwest soil geochemical anomaly measures 2,000 metres long by 1,400 metres wide. The southeast anomaly measures 1,500 metres long by 900 metres wide. Both soil geochemical anomalies are open along strike. The metal concentrations within these soil geochemical anomalies range from 200 to 9,820 parts per million (“ppm”) for copper,; from 0.03g/t to 2.2 g/t gold; molybdenum from 14 to 135ppm and from 0.6g/t to 84.5g/t silver.
Numerous other mineralized outcrops containing medium to high-grade copper-gold-silver mineralization along with significant (100ppm) concentrations of molybdenum occur throughout the property.
Rock chip sampling completed within the northwest soil geochemical anomaly during the early 1970’s returned;
a) 0.66% copper over 38 metres,
b) 0.73% copper over 16 metres,
c) 0.32% copper over 25 metres.
The gold-silver-molybdenum concentrations for these mineralized intervals were not reported.
Two of the magnetic signatures and associated soil geochemical anomalies are associated with a northwest trending, two kms wide by 10 kms long structural feature. The chip sampling results and the 81 copper occurrences located to date, occur within the structural feature. These features are cut by a prominent north-northwest trending structural feature that can be traced for a distance of 15kms.
The large, semi-circular positive magnetic signature (approximately 3,000m by 4,000m) containing two potential exploration targets (the intense magnetic signatures) and a corresponding intense magnetic low is located in the central portion of the property and interpreted to represent a possible breccia zone, a feature typical of alkalic copper-gold deposits. This target was previously unknown. On the northwest corner of the property, a large elongated intense magnetic signature has been identified that occurs over a distance of 2,000m long by 800m wide.
Linecutting:
The 20 kms of linecutting required for the Quantec Titan-24 survey has been completed over the coincident geochemical anomalies and TF and CVG magnetic signatures. Boxxer initially planned to complete the Titan-24 survey in 2011 but due to extreme weather conditions, has delayed the survey until 2012.
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.
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.
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, is 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 magnetic signatures defined by the airborne geophysical surveys will result in the discovery of significant concentrations of copper-gold-silver mineralization. There is also no certainty that the airborne geophysical survey would define targets for diamond drilling. 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. For such statements, the Corporation claims safe harbour for future releases. 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 the Corporation’s disclosure documents on the SEDAR website at www.sedar.com. The Corporation does not undertake to update any forward-looking information except in accordance with applicable securities laws.
Image with caption: “DOK Project Airborne Survey (CNW Group/Boxxer Gold Corp.)”. Image available at:
http://photos.newswire.ca/images/download/20111014_C4017_PHOTO_EN_4554.jpg
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
Tel: 403-264-4811
Fax: 1-403-237-6292
e-mail: colin@boxxergold.com
Boxxer Gold Corp
John L. Maslanyk
Vice President & Chief Information Officer
Tel: 1-403-804-2251
Toll Free: 1-888-479-3596
e-mail: john@boxxergold.com
Boxxer Gold Corp
Keith Bullen
Investor Relations
Tel: 1-416-350-2794
Fax: 1-416-350-2794
e-mail: kbullen@rogers.com
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