CALGARY, May 27, 2013 /CNW/ - Boxxer Gold Corp. (BXX-TSXV; OTC -BXXRF) ("Boxxer"or the"Company") is pleased to announce the recommendations of an independent National Instrument 43-101 Technical Report, Standards of Disclosure for Mineral Projects ("NI 43-101"), on its 100% owned Buena Vista copper project, located in Churchill County, North Central Nevada.
The Technical Report on the Buena Vista Project dated April 25, 2013 was prepared by Phil Van Angeren P.Geol., Qualified Persons as defined by NI 43-101. The report has been filed on SEDAR and will be available for viewing under the company's profile at www.sedar.com and on the company website at www.boxxergold.com. Highlights of the Technical Report are set out below:
Highlights:
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The stratigraphic, structural, geophysical and geochemical features of the Buena Vista property suggest that it has excellent potential to host iron-oxide-copper-gold (IOCG-style) mineralization, |
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The encouraging results from Boxxer's 2006/07 & 2012 exploration and from the geophysical anomalies indicated in 2010, continued surface exploration is warranted for Phase I, |
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Trenching is recommended for the more significant mineralized exposures (e.g., the CS series of occurrences, and the 2006 rock-sample sites). Phase I is budgeted at US $178,000, and |
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Phase II will follow Phase I, with up to 1,500 meters (15,000 ft) of core drilling, evidently contingent upon results from Phase I. The objective of the drilling program will be to test the lateral and depth continuity of the geological and geophysical targets deemed to be of highest priority by Phase I. Of particular interest will be the IP1, MT2-MT3, IP4/MT5 and the IP6/MT6 anomalies. A budget of US $857,000 is recommended to complete this second phase of exploration. |
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Future Activities:
During the next Quarter, Boxxer is focusing on completion of National Instrument 43-101 technical reports on the Gordon Lake gold project and the Boss copper project. Boxxer is currently seeking partners to conduct exploration on all of its projects. The corporate strategy implemented by Boxxer in 2009 to work only in North America, focus on large polymetallic copper projects with good logistics offers potential partners a safe geopolitical climate in which to conduct exploration activities. Boxxer has re-structured its activities to prioritized and achieve the maximum amount of data for the dollars expended. Boxxer is currently considering completing ground geophysical surveys to further delineate and gain a better understanding of the recently identified airborne anomalies (including the East Breccia zone and the West Breccia zone of copper mineralization) to identify diamond drill targets.
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 DOK copper-gold porphyry property in Northwest B.C., 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.
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.
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 will identify additional exploration targets or expand the dimensions of known zones of mineralization. There is no certainty and that additional exploration of the Buena Vista project and the East Breccia project would result in the discovery of additional mineralization. For any forward-looking information given, Management has assumed that a standard definitive agreement can be negotiated with the Vendors and 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. Although Management has a reasonable basis for the conclusions drawn, actual results may differ materially from those currently anticipated in such statements. 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 laws.
SOURCE: Boxxer Gold Corp.
