CALGARY, Jan. 6, 2014 /CNW/ - Boxxer Gold Corp. (BXX-TSXV/OTC-BXXRF)) ("Boxxer or the Company") is pleased to announce that it has completed a National Instrument
43-101 Technical Report on its Empire Mine copper-gold porphyry project
located in the Alder Creek Mining District near Mackay, Idaho (for more
detailed information on Empire Mine Project, see news release dated
July 4, 2013). The Technical Report is titled "Geological Assessment
and Exploration Proposal (2014/2015) for the Empire Mine Project, Alder
Creek Mining District", Custer County, Idaho, U.S.A. The Technical
Report dated December 15, 2013 was prepared by Mr. P. Van Angren, P.
Geol., and will be filed on SEDAR before January 15, 2014.
The Empire Mine property, a former copper-gold-silver producer, consists
of 23 patented mineral claims, 21 unpatented mineral claims and five
unpatented mill-site claims covering a contiguous 301 hectares (743.7
acres).
The Empire Mine is reported to have produced 694,000 tonnes grading
3.64% copper, 1.65 g/t gold and 53.9 g/t silver from underground
workings during the period 1901 to 1942. The property is classified as
a polymetallic copper skarn. Previous exploration has encountered oxide
and sulphide copper mineralization over a strike length of 1,200m which
ranged from 6 to 70m thick, and to a depth in excess of 300m. A total
of 258 drill holes (core and reverse circulation), of which 196 are
located within the AP pit area, have been completed on the Property.
Boxxer's President and CEO, Elmer B. Stewart, explained; "We are very
pleased that the recently completed independent Technical Report
recommends additional metallurgical testwork and a preliminary
resource-modelling study aimed at generating a NI 43-101 current
mineral resource estimate for the Empire Mine Project. These
recommendations combined with the positive results of the recent
metallurgical testwork suggest the advanced nature of this project".
Excerpts from Technical Report:
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"Preliminary column leach tests have shown very encouraging
acid-leachable copper-recovery results."
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"Cambior's assessment of this project, further supported by third party
engineers and by current drill data analysis, makes this property
attractive for the potential development of its near-surface
acid-leachable oxide copper mineralization".
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"The underlying higher grade sulphide zone, which defines the historical
Empire Mine, remains virtually unexplored".
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"Potential exists on the property to improve the current near-surface
historical resource, and to discover additional base and precious metal
mineralization".
Proposed Additional Work:
Phase I exploration is estimated to cost $200,000 and would entail the
initiation of preliminary resource-modelling study aimed at generating
a NI 43-101 current mineral resource estimate for the oxide and
sulphide portions of the skarn mineralization at the Empire Mine. Phase
I would also include on-going metallurgical testwork on the oxide
portion of the property. Contingent on the preliminary resource
modelling, four RC holes (450 metres) may be needed in order to obtain
a complete picture of the distribution of oxide mineralization in the
AP Pit.
Phase II is estimated to cost $1,025,000 and would consist of 20 reverse
circulation ("RC") holes (2,700m) in the central & north portions of
mineralized skarn, along with two core holes (900m)) on the deeper
workings of the Empire Mine as well as compilation of underground data
to optimize drill hole positioning and geometry of the mineralized
zone.
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
Empire Mine copper-gold-silver project in Idaho, the DOK copper-gold
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.
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, has reviewed the
technical information disclosed in this news release.
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 metallurgical
testwork would improve metal recoveries, there is no certainty that a
mineral resource exists on the Property or that additional exploration
on the Empire Mine project would locate or extend the dimensions of the
known zones of copper mineralization or that additional mineralization
would be found. 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. 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 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.
