CALGARY,
Oct. 30, 2013 /CNW/ - Boxxer Gold
Corp. (BXX-TSXV/OTC Other-BXXRF)) ("Boxxer or the Company")
is pleased to announce that it has filed a National Instrument
43-101 Technical Report on its 100% owned Boss copper-gold porphyry
project located in the Goodsprings Mining District, S.W,
Nevada. The Technical Report
is titled "Geological Assessment and Exploration Proposal
(2013/2014) for the Boss Project, Goodsprings Mining District"
dated September 30, 2013 was prepared
by Mr. P Van Angren, P.Geol. The report has been filed on SEDAR and
will be available for viewing under the company's profile at
www.sedar.com
Boxxer's President and CEO, Elmer B. Stewart, explained; "We are very
pleased with the conclusions of the recently completed independent
Technical Report on the Boss copper-gold porphyry project.
The Technical Report has identified a 8km by 6km area the majority
of which occurs within the Boss project that hosts all the copper
mineralization, skarn, alteration and intrusive activity which
supports the porphyry copper-gold exploration model. The other
portions of the Goodsprings Mining District that host the majority
of the lead-zinc mineralization occurs outside this area, a metal
zonation typical of a porphyry model. The recommended two
phase approach consisting of surface exploration followed by
diamond drilling is a solid methodical approach to the exploration
of this project for copper-gold porphyry style mineralization".
The Goodsprings Mining District contains about
90 small historical mines. Metal production from the district is
reported to be approximately 160,000 tonnes of base metals
(Zn>Pb>>Cu), 2.1 million ounces silver, 90,000 ounces
gold, and small amounts of Platinum Group Elements (PGE). Cobalt,
vanadium, mercury, stibnite, nickel, molybdenum, manganese, and
iridium were also recovered. The majority of the production from
the district occurred between 1886 and 1937.
Excerpts from Technical Report:
"The geological, structural, geophysical and geochemical features
of the Boss property suggest that it has excellent potential to
host copper porphyry mineralization given the encouraging results
from Boxxer's 2002-2012 exploration campaigns"
"The following features are strongly suggestive that a buried
alkalic porphyry-copper environment may be the cause and source of
most of the mineralization on the Boss property.
a) Association with monzonite to granodiorite intrusive host rocks
with late basic dikes,
b) Structurally-controlled, skarn-hosted, copper-gold-silver ± PGE
mineralization,
c) Occurrence along deep-seated faults near the intersection of two
major mineralized belts,
d) As-Bi-Co-Ni±Mo,V geochemical signature,
e) Metal zonation from copper-gold in center, to base metals on
outside of district,
f) Multi-source, multi-aged hydrothermal activity; evolving from
skarn to epithermal",
"This author further concludes that the
mineralized skarns at Boss represent the upper portion of cap-like
thermal alteration zones sitting above the volatile-rich apophyses
of an underlying plutonic complex. He also believes that the
marble-hosted mineralization represents fracture-controlled
"leakage" from an underlying copper-bearing porphyry±skarn
environment; the marble-hosted mineralization is highly indicative
of the presence of underlying larger-scale copper
mineralization".
The Boss Property has the characteristic style,
alteration and mineralization to justify its classification as a
porphyry (+ associated skarn) copper-gold project. Certain portions
of the property also have epithermal characteristics (which are
also a common, though distal, feature of copper porphyries). All
geologic, geochemical and geophysical data compiled to date has
resulted in identification of a number of prospective porphyry
targets on the property.
"Boxxer's exhaustive work has shown that this
highly disrupted, altered and mineralized marble has all of the
characteristics of skarns which are typically affiliated with
porphyry copper deposits. Four categories of mineralization are
well represented on the Boss property:
a) Cu-Au-Ag-PGE (Boss, Ironside, Oro
Amigo and Boss#2),
b) Cu-Au-Ag (occurrences in the Columbia, Copperside, Rose and Boss
Extension skarns),
c) Zn-Pb-Ag (Boss#3, #7 and #11), and
d) Au-Ag (Ironside-NE and Clementina)'.
"Phase I exploration is budgeted at US
$200,000. Phase II exploration would
be largely contingent upon the results of the first phase, it is
forecasted to include up to 3,000 meters (10,000 ft) of core
drilling. The objective of this drilling program will be to test
surface exposures and geophysical anomalies at depth. A budget of
$1,700,000 is recommended to complete
this phase of exploration. Taken together, Phases I and II amount
to $1,900,000".
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
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.
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
surface work on the Boss project would 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.