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ExGen Resources Inc V.EXG

Alternate Symbol(s):  BXXRF

ExGen Resources Inc. is a Canadian junior resource company. The Company is engaged in the exploration of copper-gold mineral properties in Canada and the United States. Its United States properties include Boss Property and Empire Mine. Its Canadian properties include Gordon Lake Property and DOK Property. Its 100% owned Boss property consists of a lease agreement with a patented claim owner, as well as two unpatented mineral claims. It holds a 100% interest in the Empire Mine property. It also holds a 100% interest in the Gordon Lake gold property located in the Northwest Territories. The DOK property consists of 17 contiguous mineral claims covering approximately 18,500 acres. The DOK property is located approximately 40 kilometers north of the Galore Creek and the Shaft Creek porphyry copper deposits and south of the active exploration underway north of the Stikine River. The Gordon Lake gold project is located approximately 110 kilometers northeast of Yellowknife, NWT.


TSXV:EXG - Post by User

Bullboard Posts
Post by tc40gon Mar 01, 2012 6:47pm
862 Views
Post# 19614304

Metosomatic skarn.

Metosomatic skarn.

Just spoke with Elmer Stewart. It appears what we have here in drill holes 7,8 and 9 on the boss property is the intersection of what is called a Metosomatic skarn which is caused by the release of hot solution from the intrusive/porphyry containing copper, gold and molybdenum. This type of skarn is part of the proximal skarn zone as shown in red on the copper porphyry diagram by Sillitoe in Boxxers corporate presentation as found on their website. www.boxxergold.com. Having only drilled 11 drill holes on the Boss property to date the intersection of the proximal skarn shows tremendous progress towards the intersection of the porphyry zone. Although copper concentrations in this skarn seem low and insignificant it is noteworthy that the average copper concentration in this type of skarn is only .001 and in holes 8 and 9 there were concentrations of copper at .04 and .06. Doing the math that is 40 and 60 times greater than the average for that type of skarn!!!! Don't make the mistake of looking past this latest news. There will be those that will say drill like crazy and try to hit the mother load but Elmer is being methodical and taking the methodical approach to finding the jackpot. This ensures that the company has the credibility to ensure funding for future drilling projects. GLTA and I hope this stock achieves the value it deserves.

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