July 9, 2007
Calgary, Alberta - Boxxer Gold Corp. (TSXV-“BXX”) is pleased to announce an update on exploration activities for the Buena Vista and Boyer Ranch projects both of which are located in Nevada, USA.
Boyer Ranch Project:
The Boyer Ranch property consists of eleven (11) patented and 62 unpatented lode claims (the “Property”) located in the Table Mountain mining district, Churchill County, Nevada. (see release dated February 19, 2007). The Property controls at least 2,200 metres of strike length along an erosional contact between a mineralized section of altered Jurassic andesites and overlying Tertiary tuffs and sediments. Copper mineralization is reported to have a minimum thickness of 100 feet along portions of this contact. The proposed 2007 exploration program (budgeted at $150,000) consisting of mapping and systematic channel sampling to determine the extent and average grade of copper mineralization reported in underground workings, trenching of known mineralized outcrops, surface mapping and geophysical (induced polarization [IP] / magnetic) surveys are schedule to commence in mid-late July. Depending on the results of the surface and underground work an initial (2,000 feet in 6 to10 shallow holes) diamond drilling program is planned. Road work that is required to access the Property is underway.
Analytical results of samples representative of the various lithologies, alteration and mineralization collected by Boxxer’s independent consulting geologist from the shaft, adit, pits and outcrops around Treasure Box Hill is set out below.
Gold values in the above samples were less than 5 ppb (parts per billion).
Buena Vista Project:
The Buena Vista Joint Venture is an Iron Oxide-Copper-Gold (IOCG) exploration project. The project area is characterized by a large zone (12,000 feet long by 1,000 - 2,300 feet wide) of pervasive albite-iron carbonate-hematite alteration which hosts at least 50 showings of copper +/- gold mineralization and associated hematitic “leached caps”. The large alteration zone and copper showings is interpreted to be the upper portion of an IOCG hydrothermal system developed in a Jurassic-age volcanic complex referred to as the Humboldt mafic complex.
Diamond drill testing of a 1,700 feet long and up to 300 feet wide induced polarization (“IP”) anomaly commenced in mid-June One diamond drill hole has been completed to a depth of 1,127 feet and the second drill hole is in progress. The objective of the second hole is to test the IP target a distance of 250 feet from the first hole. The IP anomaly is interpreted to represent disseminated copper sulphide mineralization which is hosted by a gently dipping, strata-bound alteration zone (i.e. manto-type copper mineralization).
Surface exploration consisting of mapping and additional IP / magnetic surveys are underway on the west and northeast portions of the property to test numerous showings of copper mineralization in altered volcanic units and coincident Cu-in-soil geochemical anomalies. The IP survey has located a weak (deep) anomaly in the northwest portion of the property. Upon completion of the drilling, electrical probes will be set in both drill holes to conduct an additional deep penetrating IP survey. Mapping has located one additional zone of surface copper mineralizarion. The zone which consists of disseminated chalcopyrite and bornite in a flow breccia is at least 13 feet thick. The zone has been channel sampled and results will be reported on receipt thereof.
Nalesbitan Project:
Taiga Consultants Ltd. from Calgary, Alberta has been retained to complete a National Instrument 43-101 compliant report on the Nalesbitan project. The site visit is planned for mid-July and the 43-101 report is expected in early August, 2007
Theodore A. DeMatties is an independent geologist consulting to Boxxer and is the Qualified Person who has reviewed and verified the technical information detailed in this release.
For further information please contact:
Colin Christensen, President
Telephone: (403) 264-4811
Fax: (403) 503-0822
Email: colin@boxxergold.com
CHF Investor Relations
Jeanny So, Broker Relations Specialist
Phone: (416) 868-1079 x225
jeanny@chfir.com ; www.chfir.com
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The Tsx Venture Exchange Does Not Accept Responsibility for the Adequacy or Accuracy of this Release
FORWARD-LOOKING STATEMENTS: Except for statements of historical fact, all statements in this news release – including, without limitation, statements regarding resource estimates, reserve estimates, production estimates and future plans and objectives of Boxxer – are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from those anticipated in such statements. |
