CALGARY,
Nov. 15, 2013 /CNW/ - Boxxer Gold
Corp. (BXX-TSXV; OTC -BXXRF) ("Boxxer" or the
"Company") is pleased to announce the results of a recently
completed mapping and VLF-EM geophysical survey completed over a
portion of its 11,300 acre East Breccia copper-molybdenum-silver
project in September 2013. A
significant number of copper-silver +/- molybdenite bearing breccia
pipes have been located by historical and current exploration in
the Batchawana Greenstone Belt, some of which have been mined (i.e.
Tribag Copper mine) in the past.
The East Breccia project is located
approximately 60 kilometres north of Sault Ste Marie, Ontario in the Batchawana
Greenstone Belt. This Greenstone Belt is interpreted to be a part
of the Mid Continent Rift, a regional scale structural feature that
hosts numerous large base and precious metal mines in Canada and the
United States. Results are highlighted below:
Highlights:
a) |
Two previously unknown breccias with significant copper-silver
mineralization have been located approximately 2 kms east of the
previously acquired Mountain Breccia, |
b) |
These breccias are located within the 12 kilometer long by 6
kilometre wide area that hosts all conductivity, magnetic and
electromagnetic targets as well as all known mineralized breccias
(see news release dated April 4th, 2013), |
c) |
These mineralized breccias contain significant copper-silver
+/- molybdenite-rhenium mineralization and have an associated
positive magnetic signature, and |
d) |
The VLF-EM survey has located zones of conductivity that range
from 100 to 200m wide and up to 500m long associated with these
mineralized breccia and positive magnetic signatures. |
Boxxer's President and CEO, Elmer B. Stewart, explained; "The recent
exploration brings the total number of mineralized breccias within
the property to 10 and suggests that the breccia hosted
copper-silver mineralization is more widespread than previously
known. A large portion of the East Breccia project remains to be
explored using modern technology. The combination of the large
target area and multiple large mineralized breccias enhances the
potential of the East Breccia property to host Iron Oxide Copper
Gold mineralization."
Five select characterization samples were
collected to determine the concentrations of copper and associated
metals in the two mineralized breccias. Analytical results of
the five samples are shown in the table below:
Sample ID |
Sample Type |
Copper (ppm) |
Silver (g/t) |
EB-1 |
Select |
1,520 |
1.02 |
EB-2 |
Select |
1,760 |
1.44 |
EB-3 |
Select |
4,500 |
5.18 |
EB-4 |
Select |
16,700 |
30.30 |
EB-5 |
Select |
658 |
2.65 |
ppm = part per million, 10,000 ppm equals 1%
Four of the five samples contain significant
concentrations of copper and/or silver. Sample EB-4 also
contains 0.006% molybdenum and 0.205g/t rhenium similar to the
mineralization in the East Breccia zone located approximately 4 kms
northeast. The limits of the copper mineralization in both
breccias have not been defined.
Future Activities:
Additional prospecting, mapping and VLF-EM surveys are currently
underway in the area northeast of the East Breccia zone of
copper-molybdenum-silver mineralization. The conductivity and
magnetic signatures associated with the East Breccia zone of
mineralization suggest that this zone could extend 500 metres
further to the north and 700 metres to the southwest beyond its
currently known boundaries bringing the potential total strike
length to over 1,500m in length.
Sample Preparation:
Sample preparation and analysis was completed by ALS Chemex located
in Sudbury, Ontario. Analyses were
completed using code ME-MS61 using a four acid digestion and
analyzing for 48 element including
copper-molybdenum-silver-tungsten and rhenium. ALS Chemex did run
their internal blanks and standards with the samples submitted by
Boxxer.
Elmer B. Stewart,
MSc. P. Geol., President of Boxxer Gold, is the Company's nominated
Qualified Person pursuant to National Instrument 43-101, Standards
for Disclosure for Mineral Projects, and 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 for large polymetallic copper deposits in North America. Boxxer's active projects
include the Boss and Buena Vista copper projects in the state of
Nevada, the Empire
copper-gold-silver project in Idaho, the DOK copper-gold-molybdenum porphyry
property in Northwest B.C. and the East Breccia
copper-silver-molybdenum property in Ontario. Boxxer also has the Gordon Lake
gold project located 110 kilometres north of Yellowknife NWT,
Canada.
On behalf of the Board of Directors
Elmer B. Stewart P. Geol.
MSc.
President and CEO
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 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 additional exploration on the East Breccia property will
identify additional mineralization; extend the limits of the
existing mineralized zone, located additional exploration targets
or expand the dimensions of known zones of mineralization.
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.
Management has a reasonable basis for the conclusions drawn. A
description of additional 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 Boxxer's disclosure documents on the
SEDAR website at www.sedar.com. Boxxer does not
undertake to update any forward-looking information except in
accordance with applicable securities law.
SOURCE Boxxer Gold Corp.