Boxxer Gold Corp. (BXX – TSX Venture)(BXXRF – OTCBB_Pink_Sheets), is pleased to report results of a follow-up sampling program at its 100% owned Crescent Peak project located approximately 30 kilometers South of Boxxer’s Boss property in southern Nevada.Highlights of the sampling are summarized below:
Crescent Peak Highlights:
* The sampling has confirmed the presence of significant gold and silver values along the entire 1,700m strike of the zone sampled to date,
* The gold and silver values are increasing toward the eastern part of the structure of which an 800m strike length has not been sampled, and
* The gold-silver mineralization is characterized by higher concentrations of copper-lead-zinc suggesting a lower level in the gold-silver system compared to higher levels of arsenic-stibnite-mercury in the upper levels of the system outlined in the previous sampling program.
The sampling covered the lower portion of the silicified structure downhill from the sampling completed in late 2010. The area chip sampling was performed at approximately 50m intervals along and across the same structure that hosts the Double Standard mine to determine the consistency and continuity of the gold-silver mineralization.The gold-silver mineralization occurs in silicified zones within strong argillic altered gneiss.Thirteen samples were collected along the silicified structure and returned gold values ranging from 0.02 g/t – 0.4 g/t gold and 0.5 g/t – 6.4 g/t silver.
Elmer B. Stewart, Boxxer’s President and CEO, stated “These results are encouraging and show continuous significant gold-silver values over the strike length and width of the structure sampled to date.Detailed sampling of the higher portions of the structure which has an interpreted strike length of 800m located uphill from the Double Standard mine is required.The higher base metal values located in this round of sampling are consistent with mineral zonation typically observed in the lower portions of an epithermal gold-silver system.”
Boss Project Update:
Diamond drill hole DDH-06-2011 is currently at a depth of 200m and drilling in variably altered coarse grained limestone/marble with specific intervals of pervasive magnesite veining.The Quantec Titan-24 survey of the area surrounding DDH-04-2011 and DDH-05-2011 is expected to be completed within a week and preliminary results should be received shortly thereafter.
Sample Preparation and Analysis:
All area chip samples taken over an area of 50 cm X 50 cm were collected with a hammer and chisel from the silicified structure in outcrop.Sample weights ranged from 1.0 to 3.5 kilograms. All samples were prepared by Loring Laboratories (Alberta) Ltd. in Calgary, Alberta using a 0.5 gram sample and a 3 acid total digestion. A 30 element Induced Couple Plasma (“ICP”) analysis was completed on all samples. Gold values were determined using a fire assay with ICP finish on a 30 gram sample. Silver values were determined by nitric acid digestion on a 0.5 gram sample with an atomic absorption finish. Loring’s quality control system complies with the requirements for the International Standards ISO 9001:2008. Analytical accuracy and precision are monitored by the use of international and in-house standards.
Boxxer follows a rigorous Quality Assurance/Quality Control program consisting of inserting blanks and duplicates into the sample stream submitted to the laboratory for analysis.
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 and verified the technical information disclosed in this news release.
Investor Relations Agreement
Boxxer is pleased to announce that it has retained Mr. Keith Bullen (the “Consultant”) as an investor relations consultant who will be based in Toronto, Ontario. Mr. Bullen will provide corporate communications services for the purpose of increasing investors’ awareness of Boxxer and its corporate initiatives. Mr. Bullen will endeavour to develop relationships with investment professionals, investment advisors and money managers with the aim of allowing Boxxer to build and maintain a constant and up-to-date platform of news for the investing public. Specific focus will be generated towards the audience of natural resource inclined market interest.
Keith brings over 30 years of market experience in the investment world, to and for Boxxer, and has been employed with several Investment Firms during the course of his career in a variety of capacities, including the many facets of administration and international trading, to name a few. In addition, Mr. Bullen operated The Bullen Group, an investor relations Company for ten years in Toronto.
Mr. Bullen has been engaged for a term of twelve months for a cash fee of $6.000 per month and the granting of options to purchase 500,000 common shares of Boxxer at $0.20 per share for a period of one year. The agreement can be terminated at any time by either party with seven days notice. Mr. Bullen is the husband of Mary Webster, a director of Boxxer. The agreement is subject to the approval of the TSX Venture Exchange.
About Boxxer Gold Corp.
Boxxer Gold is a Canadian junior resource company involved in the exploration 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
Colin B Christensen
Vice-President Corporate Development
Boxxer Gold Corp
John L. Maslanyk
Vice President & Chief Information Office
Toll Free: 1-888-479-3596
Torrey Hills Capital
Senior Account Manager
Read more: http://www.benzinga.com/press-releases/11/04/c995951/boxxer-expands-gold-silver-zone-at-crescent-peak-nevada##ixzz1JJhNHl00
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