May 19, 2009
CALGARY, Alberta - Boxxer Gold Corp (TSXV - "BXX") is pleased to announce the analytical results for the recently completed first phase of a diamond drilling program on its 100% owned Boss copper-gold project located in the Goodsprings Mining District, southwest, Nevada. Diamond drill results include 1.05% copper and 0.15 g/t gold over an interval of 20.0 metres including 3.53% copper, 0.43 g/t gold, 0.53 g/t PGE and 1.13 g/t silver over 5.46 m.
Boxxer expects to commence the second phase of the diamond drilling program upon receipt of approval of the Notice of Intent from the Bureau of Land Management ("BLM").
Mr. Elmer Stewart, President and CEO of Boxxer stated, "We are very pleased with the results of the first drilling program completed on the Boss Project. This round of drilling has tested mineralization at both ends of the project separated by a strike length of 14,000 feet. Boxxer expects to commence drilling on the Boss Extension, its main drilling target, upon approval of the Notice of Intent from the BLM."
Phase II Drilling Program, Boss Extension
Boxxer plans to complete two 300 metre deep holes to test the copper-gold mineralized skarn exposed in the Boss Extension. The Boss Extension is the most advanced target on the Boss property and is the primary focus of the 2009 diamond drilling program.
Exploration Model:
The Boss Extension is approximately 650 metre long by 550 metre wide where extensive, disseminated and fracture controlled skarn hosted copper-gold mineralization is exposed on surface, in adits, pits and trenches. The copper-gold mineralization exhibits a strong bismuth-cobalt-nickel-lead-zinc geochemical signature. The Boss Extension, the focus of the next drilling program, occurs within a 4,000 metre long skarn (interpreted to be the marble front) related to porphyritic monzonite dikes exposed in outcrop and in underground workings and an oval shaped 500 metre long by 400 metre wide positive magnetic feature located under the Boss Extension.
Highlights of the Current Drilling Program:
- Drilling at the Oro Amigo mine intersected copper-gold mineralization similar to that identified in the three levels of the underground workings;
- Additional diamond drilling is required to test the dimensions of the mineralized zone at Oro Amigo;
- Drilling at the Boss Mine has intersected a broad zone of anomalous copper-gold values that appear to have been cut off by extensive post mineral faulting to the west of the underground workings; and
- The post mineral faulting appears to have displaced the copper-gold mineralization in the Boss Mine.
Diamond Drilling Results:
The average grade of the mineralized intervals for the diamond drill holes ("DDH") completed on the Boss Mine and Oro Amigo zones are set out below. Copper and gold concentration in the anomalous areas averages 10 times higher than in the surrounding rock. The mineralized and anomalous intervals all occur in marble. Results are set out in the table below.
Oro Amigo Drilling:
DDH-B-05-09 tested the extension of the copper-gold mineralization outlined in the underground workings and intersected copper-gold mineralization a similar grade exposed in the three levels sampled to date. Core recovery averaged approximately 70% in the upper 6.7 metres of this hole due to the broken and rotted nature of the core. DDM-B-04-09 was completed to test the down-dip extension of the copper-gold mineralization exposed in an inclined adit located approximately 250 metres along strike of DDH-B-05-09. This drill hole intersected a 10 metre interval of fractured, hematitic, limestone. The amount of hematite contained in this drill hole is substantially less than that exposed in the inclined adit suggesting that washing may have removed a portion of the mineralization contained with the hematite.
Boss Mine Drilling:
The three holes completed on the Boss Mine were drilled from the same location approximately 50 metres west of the fifth level adit and were designed to test the westward extension of the copper-gold mineralization outlined in the four levels sampled to date (see News Release dated March 23, 2009). DDH-B-01-09 was collared 15 metres west of copper mineralization exposed in outcrop and drilled toward the fifth level portal. DDH-B-02-09 and DDH-B-03-09 were drilled to test the northward extension of the mineralization based on the underground sampling program. DDH-B-02-09 was terminated early when it intersected a drift that has not been previously mapped in these workings. DDH-B-03-09 was terminated when it passed through a fault which separates the marble and limestone.
Diamond Drilling and Sampling Procedures:
The diamond drilling is completed using HQ size core. Core recovery is estimated to be greater than 97% in all holes except DDH-B-05-09. After cutting with a diamond saw, one half of the core is collected for sample preparation and analysis and the other half is retained for future reference. Sample intervals were selected based on lithologies and intensity of alteration. Sample weights ranged from 1.5 to 7.6 kilograms and sample intervals ranged from 0.66 to 2.00 metres. All samples were prepared ALS Chemex laboratory in Winnemucca, Nevada, and were analyzed by ALS Chemex in Vancouver, British Columbia, using PGM-ICP 23 for gold, platinum and palladium and ME-ICP41 for silver and copper and other metals. ALS Chemex’s quality system complies with the requirements for the International Standards ISO 9001:2000 and ISO 17025:1999. Analytical accuracy and precision are monitored by the use of international and in-house standards.
Quality Control
Boxxer follows a rigorous Quality Assurance/Quality Control program consisting of inserting standards, blanks and duplicates into the sample stream submitted to the laboratory for analysis.
Future Plans:
Boxxer plans to drilling on the Boss Extension on receipt of approval from the Bureau of Land Management. Surface exploration will include completion of the channel sampling of the Copperside Mine, the Boss #10 adit, the Ironside Northeast underground workings and a surface mapping and sampling program to further define the three large copper-gold in bedrock anomalies.
Elmer B. Stewart, MSc. P. Geol., President of Boxxer, is the Corporation’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.
About Boxxer Gold Corp.
Boxxer Gold is a Canadian junior resource company involved in the exploration of three copper-gold projects in the state of Nevada, and a shear hosted medium to high grade gold project located 110 kilometres north of Yellowknife NWT, Canada.
For more information on Boxxer please visit our website at www.boxxergold.com or contact:
Boxxer Gold Corp.
Elmer B. Stewart
President & Chief Executive Officer
Tel: 1-403-264-4811
Fax: 1-403-237-6292
e-mail: elmerbstewart@hotmail.com
Boxxer Gold Corp.
Colin Christensen
Vice-President
Tel: 1-403-264-4811
Fax: 1-403-237-6292
e-mail: colin@boxxergold.com
CHF Investor Relations
Alison Tullis
Senior Account Manager
Tel: 1-416-868-1079 ext. 233
Fax: 1-416-868-6198
e-mail: alison@chfir.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release
Forward-Looking Statement: This news release contains forward-looking information including but not limited to comments regarding the timing and content of upcoming work programs and geological interpretations. Forward-looking information includes disclosure regarding possible future events and therefore, involves inherent risks and uncertainties. For any forward-looking information given, management has assumed that the analytical results it has received are reliable, and has applied geological 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. For such statements, we claim the safe harbour for future releases
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