CALGARY, Alberta –Boxxer Gold Corp (TSXV – “BXX”) is very pleased to announce that recent exploration has located five new areas of copper oxide mineralization on its 100% owned Boss property located in southern Nevada. As a result, copper-gold mineralization within the Boss Extension occurs over a minimum horizontal distance of 650 metres (“m”), approximately 500m wide and a vertical distance of 175m.
The locations of the samples and approximate extent of copper oxide mineralization exposed in outcrop discussed in this news release are shown on Figure-1 and the analytical results are listed in the tables set out below.
Mr. Elmer Stewart, President and CEO of Boxxer stated, “The recent discoveries have considerably expanded the potential for copper-gold mineralization in the Boss Extension area. The size of this target combined with the three geochemically distinct styles of mineralization in a skarn related porphyry environment makes this a primary drill target”.
Boss Extension:
The Boss Extension consists of 10 large zones of copper-gold mineralization exposed in former mine workings, adits, pits and outcrops over a minimum horizontal distance of 650m by 500m wide and a vertical distance of 175m. Marble containing up to 15% chlorite occurs over the entire length of the Boss Extension and is the host rock for the mineralization. Disseminated chalcopyrite has been identified in thin sections and hand specimens of the marble. The Boss Extension extends from the Boss # 2 zone that yielded 5.41% copper and 0.93 g/t gold over an interval of 14.5 m (see news release dated April 22, 2008) on the northeast side to the Boss # 5 zone that yielded 2.11% copper, 0.22 g/t gold and 26.93 g/t silver over an interval of 13.90 m (see news release dated October 20, 2008) at the southwest end. The other 8 zones (including the Boss #4, Boss #5, Boss#6 and Boss#7) of mineralization are located between the Boss#2 and Boss#5 zones within the Boss Extension.
Boss # 4:
Boss #4 is located approximately 40m east and 60m north of the Boss #5 zone. Disseminations and veinlets of copper oxide mineralization are exposed on surface over a minimum area of 25m by 40m. The recently collected area chip samples (samples BM4-02 to BM4-04 see below) were collected from within this area and have returned the analytical results and estimated copper equivalent percentage shown in Table -1:
Table-1: Area chip and channel sampling results Boss # 4 zone:
| Sample # |
Interval (m) |
copper (%) |
gold (g/t) |
silver (g/t) |
copper eqv (%) |
| BM4-01-08 |
1.80 |
1.18 |
0.06 |
13.8 |
1.31 |
| BM4-02-08 |
1.0 X 1.0 m |
1.16 |
0.18 |
3.00 |
1.31 |
| BM4-03-08 |
1.0 X 1.0 m |
0.65 |
0.11 |
3.10 |
0.74 |
| BM4-04-08 |
1.5 X 1.0 m |
0.63 |
0.31 |
7.00 |
0.86 |
The analytical results for sample BM4-01-08 were previously reported.
Boss #4 contains low concentrations of lead-zinc and no platinum group elements. This style of mineralization is distinctly different than the mineralization exposed on other parts of the Boss Extension such as the Boss #2 zone and the Boss #3 zone.
Boss #5:
Boss #5 consists of disseminated and veinlets of copper oxide mineralization in marble on surface and in underground workings over a minimum area of 40m by 15m. Sample BM5-04-08 was collected from a Secondary adit (4.5m long) located approximately 25m from the Main adit (see table-2 below). Trace concentrations of copper oxide mineralization were observed on the walls of this adit during sampling. The results for all channel samples, the average grade of the continuous sampling from the portal to the end of the drift and the recent sampling in 2008 are set out in Table –2.
Table-2: Channel sampling results Boss #5 zone including copper equivalent calculations are shown below:
| Adit |
Sample # |
Interval (m) |
copper (%) |
gold (g/t) |
silver (g/t) |
copper eqv (%) |
| Main |
BM5-01-08 |
4.70 |
1.55 |
0.34 |
15.60 |
1.86 |
| Main |
BM5-02-08 |
4.10 |
2.84 |
0.34 |
38.30 |
3.31 |
| Main |
BM5-03-08 |
5.10 |
2.04 |
0.00 |
28.23 |
2.24 |
| |
Average |
13.90 |
2.11 |
0.22 |
26.93 |
2.43 |
| Secondary |
BM5-04-08 |
4.50 |
0.32 |
0.04 |
5.60 |
0.49 |
The analytical results for sample BM5-01-08 to BM5-03-08 from the Main adit were previously reported.
Boss #5 contains significant concentrations of lead-zinc-cobalt-nickel. This mineralization is distinctly different than the mineralization exposed in other parts of the Boss Extension such as the Boss #2 and the Boss #3.
Boss #6:
Boss #6 is located approximately 50m southwest of and 10m below the Boss #5. Disseminations and veinlets of copper oxide mineralization are exposed on surface in marble over a minimum area of 15m by 10m and in a 2m vertical pit. A vertical channel sample from the pit returned the results shown in Table -4:
Table-3: Channel sampling results Boss #6 zone including the estimate copper equivalent percentage is shown below:
| Sample # |
Interval (m) |
copper (%) |
gold (g/t) |
silver (g/t) |
copper eqv (%) |
| BM6-01-08 |
1.80 |
1.56 |
0.08 |
2.30 |
1.62 |
The mineralization in this zone is similar to that exposed in Boss #4 and Boss#5.
Boss #7:
Boss #7 is located approximately 60m southwest of Boss #3. Trace concentrations of copper oxide mineralization are exposed in a shallow pit hosted in marble. The analytical results for an area chip sample from this pit are shown in Table -4:
Table-4: Area chip sample results Boss #7 zone:
| Zone |
Sample # |
Interval (m) |
copper (%) |
gold (g/t) |
PGE (g/t) |
silver (g/t) |
lead (%) |
zinc (%) |
| Boss # 7 |
BM7-01-08 |
1.5 X 1.0 |
0.19 |
0.11 |
0.14 |
19.30 |
0.09 |
5.43 |
PGE = is the sum of the platinum and palladium concentrations in the samples with a ratio of 1 to 4.
The polymetallic nature and high concentration of zinc suggests that Boss #7 is similar to the Boss #3 zone. If the Boss #7 and Boss #3 are parts of the same zone, then this would significantly expand the mineralized area to a minimum of 70m long by 21m wide and 50m thick.
Future Plans:
Diamond drilling of this Boss Mine, Oro Amigo and Boss Extension is planned to commence in late February 2009. In addition to the diamond drilling, surface exploration including mapping and sampling of the southwest side of the project is planned.
Sample Preparation and Analysis:
All channel and area chip samples were collected with a hammer and chisel and for channel samples represent continuous sampling of the material within the sample interval. For area chip samples representative material was collected on a systematic grid pattern within the area sampled. Sample weights ranged from 3 to 8 kilograms and sample intervals ranged from 1.50 to 4.50 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.
The input parameters for estimating the copper equivalent of the other metals present is set out below:
| Data Inputs For Copper Equivalent Calculation |
| Metal |
copper |
gold |
PGE |
silver |
| Price $US |
1.25 |
500.00 |
|
6.00 |
| Per Unit |
lb |
oz |
oz |
oz |
| Grade |
% |
g/t |
g/t |
g/t |
| Recovery |
100% |
100% |
100% |
100% |
| PGE is the sum of platinum and palladiumin the ratio of 1 platinum and 4 palladium |
Quality Control
Boxxer follows a rigorous Quality Assurance/Quality Control program consisting of inserting blanks and duplicates into the sample stream submitted to the laboratory for analysis.
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 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:
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 Statements: 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.
