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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a) |
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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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b) |
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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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c) |
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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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d) |
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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.