Boxxer intersects 2.32% copper, 0.01% molybdenum and 31.2g/t silver over a core interval of 8.89m at East Breccia drilling
CALGARY, Aug. 8, 2012 /PRNewswire/ – Boxxer Gold Corp. (TSXV: BXX) (OTC
Other-BXXRF) (“Boxxer or the Company“) is pleased to announce analytical results for two diamond drill holes
from the East Breccia project located in Ontario. The objective of the
confirmation drilling was to verify the reported
copper-molybdenum-silver grades in a number of the historical drill
holes. The historical drill holes from the East Breccia zone were
broken down into three copper grade classes based on the reported
copper content in the drill holes. Six historical holes from the three
copper grade classes were selected for verification purposes. The six
drill holes completed in 2012 were located either at the collar of or
as near as possible to the historical drill hole selected for
a) Diamond drill hole (DDH) EB-02-2012 intersected 2.32% copper, 0.01% molybdenum and 31.2g/t silver and 0.25g/t rhenium (2.91% copper equivalent) over a core interval of 8.89m within a longer interval that averaged 0.49% copper, 0.01% molybdenum, 6.86g/t silver and 0.17g/t rhenium over a core interval of 67.81m starting at a core length of 89.90m, and b) DDH EB-05-2012 located 70m east of DDH EB-02-2012, intersected 0.20% copper, 0.014% molybdenum and 2.39g/t silver and 0.34g/t rhenium (0.37% copper equivalent) over an interval of 109.37m starting at a core length of 0.63m.
Boxxer’s President and CEO, Elmer B. Stewart, explained; “The results
reported in the first two holes of the 2012 drill hole verification
program confirms the mineralization reported in the two corresponding
historical hole from the East Breccia zone. The visual mineralization
intersected in the 2012 drill holes combined with the current
analytical results supports the validity of the mineralization reported
in the 55 historical drill holes reported from the East Breccia zone.
These results suggest the presence of a large polymetallic copper
deposit that could be extracted by open pit mining methods”.
Analytical results for the selected mineralized intervals in the two
drill holes are presented below.
DDH ID Dip Azimuth From To (m) Interval copper molybdenum silver rhenium CuEq (m) (m) (%) (%) (g/t) (g/t) % EB-02-2012 -90 0 3.44 187.18 183.74 0.25 0.010 3.91 0.20 0.41 including 89.90 157.61 67.81 0.49 0.011 6.86 0.17 0.70 including 89.90 98.69 8.89 2.32 0.011 31.20 0.25 2.91 EB-05-2012 -90 0 0.63 110.00 109.37 0.20 0.014 2.93 0.34 0.37 110.00 163.90 50.96 0.07 0.017 0.68 0.29 0.23 163.90 251.75 87.85 0.08 0.010 0.48 trace 0.17
The core intervals stated above are not true widths.
Diamond Drilling Analytical Results:
The weighted average grades for mineralized intervals in DDH EB-02-2012
and EB-05-2012 were estimated using a zero cut-off grade for copper.
Top cuts were not applied to the metals included in the above table.
Diamond Drill Results:
A brief description of the last four drill holes from the 2012 drilling
program intersected variable concentrations of
chalcopyrite+/-molybdenite mineralization throughout the core
intervals. Pyrite is the dominant sulfide in each drill hole. The
mineralization occurs in a sequence of altered gabbro and volcanic
DDH EB-01-2012 located at the collar of DDH EB-1 (historical drill hole) is situated
50m south of DDH EB-05-2012 and intersected two intervals of
disseminated and veinlet controlled chalcopyrite+/-molybdenite
mineralization starting at a core interval of 3.8m to 125.0m and from
168.0m to 187.0m. Below these mineralized intervals, chalcopyrite was
observed in the core from 187m to 234m and molybdenite was observed to
occur from 234m to the end of the hole at 251m.
DDH EB-03-2012 located at the collar of DDH EB-11 (historical drill hole) is situated
40m northwest of DDH EB-01-2012 and intersected chalcopyrite +/-
molybdenite mineralization from 6.7m to 167.1m and chalcopyrite
mineralization from 185.1 to 211.9m. From 230.7 to 239.8 chalcopyrite
+/- molybdenite mineralization was observed as disseminations and
DDH EB-04-2012 located at the collar of DDH EB-12 (historical drill hole) is situated
70m northeast of DDH EB-05-2012 and intersected eight intervals of
chalcopyrite +/- molybdenite mineralization that range in thickness
from 6.0m to 50.0m. The chalcopyrite +/- molybdenite mineralization was
observed as disseminations and veinlets.
DDH EB-06-2012 located at the collar of DDH EB-21 (historical drill hole) is situated
25m southeast of DDH EB-01-2012 intersected disseminated and veinlet
controlled chalcopyrite+/-molybdenite mineralization over a core
interval of 215.2m from 15.2 m to 220.4m. Fracture controlled
molybdenite mineralization was observed over a core interval of 20.5m
from 230.9 to the end of the hole at 251.4m.
The reader is cautioned that visible copper and molybdenite
mineralization does not necessarily equate to significant
concentrations of either copper or molybdenum and there is no assurance
that the assay results of the samples from these drill holes will yield
significant copper or molybdenum grades.
Contingent on receipt of the balance of the analytical results from the
East Breccia zone, Boxxer planned to complete another drilling program
on the East Breccia zone. Preliminary results of the Titan-24 DCIP &MT
survey on the DOK copper-gold-molybdenum project located in northern
British Columbia are expected around mid-August.
Sample Preparation and Analysis:
All drill core samples were prepared at the ALS Minerals in Sudbury
Ontario. The samples were prepared using prep code 31A and the ME-ICP61
package for base metals. ALS quality control system complies with the
requirements for the International Standards ISO9001:2000 and ISO
17025:1999. Analytical accuracy and precision are monitored by the use
of international standards. Additional quality control measures
included insertion of blanks and standards in all drill core sample
Copper equivalent calculations are based the assumption of recovering
100% of all metals using the following metal prices are copper
$US2.00/pound, molybdenum $17.50/pound, silver $US20.00/ounce and
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
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, 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 the remainder of the diamond
drill holes from the 2012 drilling program will contain significant
grades of either copper or molybdenum or silver. 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.