CALGARY, Jan. 15, 2013 /CNW/ – Boxxer Gold Corp. (BXX-TSXV/OTC Other-BXXRF)) (“Boxxer or the Company“) is pleased to provide the results of the limited surface mapping and sampling program completed in December 2012 on its 100% owned Buena Vista copper-gold project in north central Nevada. The objective of the work was to identify the source of the two large Titan-24 chargeability signatures located within the project area (see News Release dated February 23, 2011).
Boxxer’s President and CEO, Elmer B. Stewart, explained; “We are very pleased with the results of the recently completed exploration program. These zones of copper mineralization occur outside the previously identified large alteration zone and are associated with hydrothermally altered volcanics. Although limited in scope, the work shows a strong correlation between the two large Titan-24 chargeability signatures and these zones of high grade copper mineralization. The work also shows that the copper mineralization within the property is more wide spread than indicated by the previous work. The 2012 samples were collected from much larger zones of oxidized copper mineralization exposed in outcrop that has a strong barium-arsenic geochemical signature”.
This chargeability signature covers an area measuring approximately 1,500m by 800m located at the north end of the project and extends to a minimum depth of 500m with the chargeability response increasing with depth. This zone is also interpreted to be an alteration zone. Sample BV-04-2012 is taken from a crackle zone that exhibits a close spaced system of carbonate fractures carrying copper oxide mineralization.
This area of chargeability covers an area measuring approximately 1,000m by 600m located at the south part of the project and correlates well with the DC and MT resistivity results. This zone is interpreted to be an alteration zone that dips to the north. Samples BV-02-2012, BV-03-2012 and BV-05-2012 are channel samples taken from separate zones of copper oxide mineralization exposed within the chargeability signature. The zones of copper oxide mineralization are exposed in moderate to strong sericite-hematite altered volcanics and vary in size with one zone measuring 10m by 10m in size before disappearing under the overburden.
Sample BV-01-2012 was collected from a 20m by 20m zone of mixed limonite copper oxide mineralization hosted in altered volcanics. The mineralization is associated with a low chargeability response within the previously identified large iron carbonate alteration zone.
The correlation of the copper mineralization, the two large chargeability signatures and strong positive magnetic signature warrants additional exploration on the Buena Vista property. The next phase of work for the Buena Vista project would include trenching, mapping and detailed channel sampling to determine the dimensions, morphology and average grade of the numerous zones of copper mineralization exposed in outcrop.
East Breccia copper-molybdenum-silver project:
Boxxer expects to receive the preliminary results of the airborne electromagnetic and magnetic surveys completed over its East Breccia copper-molybdenum-silver project in late December 2012 before the end of January. Results of these surveys will be released after compilation and interpretation of the results have been completed.
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.
Click here for more details and to read the full release.