>

 

Home Corporate properties News Investors Contact
  • 2009
  • 2008
  • 2007
  • 2006
  • 2005

  •  
    map
     
     
     
     
     



    Boxxer Intersects broad Intervals of Copper Mineralization at Buena Vista

    March 5, 2007

    Calgary, Alberta - Boxxer Gold Corp. (TSXV-“BXX”) is pleased to provide an update on its current diamond drilling program on the Buena Vista Joint Venture project located approximately 90 miles east of Reno. These holes were designed to test the exploration (IOCG) model and several mineralized showings on the property.  A total of 1,778 feet of drilling in four holes has been completed to date.  One additional drill hole is planned in this phase of the exploration program.
      
    Conclusions:   
    1) The IOCG exploration model has been confirmed. The property exhibits characteristics comparable to other Jurassic – Early Cretaceous - age IOCG deposits that occur in the Coastal Cordillera Belt of northern Chile and southern Peru (e.g, Mantos Blancos and Candelaria -Punta del Corbe district).

    2) In the Feeder Zone, the mineralized magnetite replacement body exposed on surface and the 140 foot interval of fracture-controlled stockwork copper mineralization intersected in DDH BV07-2 are interpreted to be part of a low grade copper halo that may grade at depth into significant stockwork copper mineralization. Several targets in this zone remain to be tested.      

    Feeder Zone Drilling Results:

    DDH # Azimuth Dip From (ft) To (ft) Interval (ft) % Copper Silver (ppm)
    BV06-1 270 -70.00 310.50 338.00 27.50 0.05 2.30
        including 334.00 338.00 4.00 0.19 6.30
    BV07-2 90 -55.00 16.00 38.50 22.50 0.06 trace
        including 20.20 25.50 5.30 0.12 trace
          146.80 271.80 125.00 0.03 trace
        including 173.70 177.30 3.60 0.07 0.20
    BV07-3 330 -60 237.7 241.9 4.2 0.13 0.2
        including 237.7 238.2 0.5 0.56 0.7
    BV07-3A 330 -67 no significant results

    Drill Hole BV06-1, was drilled to a total depth of 431 feet and tested the down dip extension of a large copper-bearing (assayed 0.75% Cu over 3 feet) magnetite replacement body exposed on surface.  This hole intersected the magnetite body in the interval from 310.5 to 338 feet (approximately 24 feet true thickness) which assayed 0.052% copper and 2.3 ppm silver. This interval exhibits intense chlorite alteration, 1%-10% specular hematite as replacement blebs, disseminated chalcopyrite mineralization and anomalous values of cobalt (up to 126 ppm), lanthanum (up to 50 ppm), arsenic (up to 168 ppm), molybdenum (up to 175 ppm) and lead (up to 120 ppm).

    Drill hole BV07-2, located 650 feet north of DDH BV06-1 was drilled to a total depth of 642.7 feet to test coincident geophysical (IP and magnetic) and copper-in-soil geochemical anomalies. The zone of sulfide mineralization intersected in this hole is at least 400  feet wide (true thickness) and 450-feet deep.  The background copper values outside the two mineralized intervals averaged 35 parts per million (“ppm”). In the interval from 146.8 to 271.8 feet the copper values ranged from 333 ppm (0.033%) to 715 ppm (0.071%)  Further down hole, the interval from 534.2 to 577 feet exhibits anomalous concentrations of copper (up to 224 ppm), cobalt (up to 121 ppm) and arsenic (up to 415 ppm). The mineralized intervals exhibit stockwork pyrite (1%-7%) – chalcopyrite (< 1%) – hematite – specular hematite (1% -10%; locally semi-massive) mineralization and intense chlorite-epidote-albite alteration.

    An interpretation of the previously completed induced polarization– resistivity survey indicates that the stockwork sulfide zone is at least 1300 feet long. Additional drilling will be necessary to fully evaluate the zone.

    Strata Bound Drill results:
    Drill hole BV07-3, located approximately 600 feet northwest of DDH-BV07-2 was drilled to a depth of 428 feet before being lost; target depth was 800 feet. The hole was designed to test the down dip extension of a hematite replacement body and associated Cu-Au showings (up to 15% Cu and 0.82g/t Au) host by an altered strata-bound unit. The hole intersected a major fault-shear structure (at least 80 feet wide) which appears to have truncated the dip extension of the hematite replacement body. The structure was mineralized from 211.5 to 254 feet (42.5feet) and contained <1% - 3% stockwork pyrite + chalcopyrite and hematite. Within this interval a thin stockwork chalcopyrite zone from (237.7’ – 238.2’) assayed 0.56% Cu; 0.7g/t Ag over 0.5 feet. At a depth of 401 feet, intense argillic (clay-sericite) alteration with accompanying coarse-size pyrite replacement blebs was encountered. The hole was lost in the fault zone. A second hole BV070-3A was attempted but also lost at 275.7 feet in the fault-shear zone.  Boxxer is planning on redrilling this target during the next drilling program once a short road has been built to allow the drilling of a more vertically oriented hole.

    Drill hole BV07-4 is currently being drilled at a depth of 520 feet and has a projected depth of 1000 feet. When this hole is finished, the drilling program will be suspended to allow completion of a detailed downhole induced polarization/resistivity survey over the Feeder Zone and Strata-bound alteration units to provide better define the mineralized zone intersected by diamond drilling and/or establish new targets within the identified IOCG system. Targets generated by the geophysical survey will be tested by drilling during the next drilling campaign. 

    Sample Preparation and Analysis:
    All drill core samples were prepared at the ALS Chemex laboratory in Winnemucca, Nevada. Prepared sample pulps were shipped to ALS Chemex in Vancouver, British Columbia for geochemical analysis (atomic absorption and ICP-AES methods). ALS Chemex’s quality 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 and in-house standards. Additional quality control measures included insertion of blanks in all drill core sample batches submitted and requests for duplicate check assays from selected pulp or coarse-reject samples.

    Mr. 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.

    About Boxxer Gold Corp.
    Boxxer Gold is a Canadian junior resource company involved in the exploration of four copper-gold porphyry and Iron-Oxide-Copper-Gold projects in the state of Nevada.   On completion the drilling program at the Buena Vista project, diamond drilling is planned for the Boss copper porphyry project.

    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 ext. 225
    jeanny@chfir.com         www.chfir.com

    If you wish to receive company press releases via email, please send a message to ana@chfir.com. 

    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 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.


    Home   |   Corporate   |   Properties   |   News   |   Investors   |   Contact

    © Boxxer Gold Corp. 2003 All Rights Reserved
    Site Designed and Powered by Blender Media