Boxxer Gold Corp. (BXX – TSX Venture), (“Boxxer” or the “Corporation”) is pleased to announce it has retained Quantec Geosciences Ltd. (Quantec) to conduct additional Titan-24 DCIP and MT surveying on its 100%-owned Boss; copper-gold porphyry project located in the Goodsprings Mining District, southwest Nevada. The Titan-24 DCIP and MT survey will consist of approximately 22 line kilometres of survey located over the Rose mine, a former small, high grade copper mine in the district.
Boxxer’s President and CEO, Elmer B. Stewart, explained, “Our geophysical surveys to date have covered approximately 20% of the total Boss project area. The copper-gold skarn exposed on surface contains significant molybdenum values and requires detailed exploration, hence our next step, a second round of Titan-24 DCIP and MT surveying around the newly acquired Rose mine. The surface and airborne geophysical results suggest an intrusive in the vicinity of the Rose mine that is consistent with the porphyry copper model we are using to explore the Goodsprings Mining District.”
Diamond Drilling Update:
The Amended Notice of Work required to commence the proposed 8,000 metre of diamond drilling is currently under review by the Bureau of Land Management (BLM). Boxxer has located 12 diamond drill holes totalling 6,400 metres and plans to use the remaining 1,600 metres to either deepen holes, drill offset holes or diamond drill other geophysical targets identified to date.
Five diamond drill holes can be completed using a truck mounted diamond drill and the remaining seven holes will require helicopter support. Logistical planning for the diamond drilling program has been completed. The start date for the drilling program cannot be provided until approval of the Amended Notice of Work is received from the BLM.
Quantec Geophysical Survey:
Quantec has been contracted to complete approximately 22 linear kilometres of Titan-24 DCIP and MT surveys around the Rose mine (see News Release dated May 3, 2010). The reasons for the Titan-24 DCIP and MT survey are listed below:
a) an interpreted intrusive at depth,
b) large copper-gold skarn exposed on surface with value of 1.71% copper and 0.15 g/t gold over 2.58 metres,
c) molybdenum concentrations of up to 0.04%,
d) the above features and the Rose mine occur within a portion of a 16 kilometre long deformation zone, and
e) the portion of the deformation zone around the Rose mine is cross-cut by a series of north trending faults.
The combination of these features strongly suggests a porphyry copper environment.
The Titan-24 DCIP and MT survey is expected to commence during the second week of July and should take approximately two weeks to complete. Preliminary results of the Quantec survey are expected in early August 2010.
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 Gold is a Canadian junior resource company involved in the exploration of three copper-gold 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
Boxxer Gold Corp.
John L. Maslanyk
Vice President & Chief Information Officer
Toll Free: 1-888-479-3596
CHF Investor Relations
Senior Account Manager
Tel: 1-416-868-1079 ext. 233
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 the proposed geophysical surveys will identify targets and the timing of actual results and future events could differ materially from those anticipated in this news release. For any forward-looking information given, Management has assumed that the time frame provided to completed surveys and other activities may vary significantly from actual completion of the proposed work programs. Management assumed that the results it receives from its independent contractors and the interpretation thereof are reliable, and 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 claim safe harbor 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.
Source: Boxxer Gold Corp. (TSX-V: BXX) http://www.boxxergold.com
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