CALGARY,
April 4, 2013 /CNW/ - Boxxer Gold
Corp. (TSXV: BXX) (OTC: BXXRF) ("Boxxer" or the
"Company") is pleased to announce the results of two
airborne surveys completed over the East Breccia project by Fugro
Airborne Surveys. The East Breccia project is located in the
Batchawana Greenstone Belt approximately 60 kilometres north of
Sault Ste Marie, Ontario.
The Batchawana Greenstone Belt is located adjacent to the Mid
Continent Rift, a regional scale structural feature that hosts
numerous base and precious metal mines in Canada and the
United States. The surveys also covered the Tribag and
Mountain Breccia mineral claims acquired by Boxxer in 2012.
The exploration target for the East Breccia
project is Iron Oxide Copper Gold ("IOCG") style
copper-molybdenum-silver hosted within explosive breccia pipes
similar to that mined at the former Tribag copper mine.
Boxxer controls approximately 11,300 acres of land surrounding the
former Tribag copper mine. Preliminary interpretation of the
data has yielded the following highlights.
Highlights:
a) The geophysical surveys has
identified a 12 kilometer long by 6 kilometre wide area inside the
East Breccia project within which all conductivity, magnetic and
electromagnetic targets as well as all known mineralized breccias
occur,
b) The surveys suggests that the 9
breccias clustered around the former Tribag mine (4 of which are
held by Boxxer and 4 of which are partially held by Boxxer due to
claim line locations) is related to a conductive positive magnetic
signature, possibly a buried intrusive,
c) The electromagnetic survey has
indicated 10 targets (4 of which coincide with areas of known
copper mineralization) within Boxxer property, the largest of which
measures 3.0 kilometres by 2.5 kilometres,
d) The magnetic survey has identified
an interpreted intrusive that measures 3.0 kilometres by 3.0
kilometres that exhibits conductivity at several frequencies, the
Mountain Breccia zone of copper-molybdenum mineralization is
located on the flank of this interpreted intrusive, and
e) The combined surveys outlined an
area of positive topography that is structurally bound and contains
all the known mineralized zones and exploration targets outlined by
the magnetic and electromagnetic surveys.
Boxxer's President and CEO, Elmer B. Stewart, explained; "The results of the
recent surveys have not only outlined a large, well defined area
that contains all known significant zones of mineralization and
potential targets for future exploration; it has also changed our
interpretation and significantly enhanced the exploration potential
of this district. The East Breccia property is interpreted to be
associated with the Mid Continent Rift, as suggested by the
Batchawana Greenstone Belt. The combination of the large
target area and its interpreted structural setting enhances the
potential of the East Breccia property to host Iron Oxide Copper
Gold mineralization."
Future Activities:
The recent survey results strongly suggest that a detailed ground
geophysical survey should be performed over the 12 kilometer long
by 6 kilometre wide target area to located diamond drill
targets. This proposed survey would in addition to locating
possible new drill targets, better define the dimensions of known
mineralized zones such as the East Breccia. The conductivity
and magnetic signatures associated with the
copper-molybdenum-silver mineralization in the East Breccia zone
suggest that this zone could extend 500 metres further to the north
and 700 metres to the southwest beyond its currently known
boundaries.
About Boxxer Gold Corp.
Boxxer is a Canadian junior resource company involved in the
exploration for large polymetallic copper deposits in North America. Boxxer's active projects
include 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, and 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 additional
exploration will identify additional exploration targets or expand
the dimensions of known zones of mineralization. There is no
certainty and that additional exploration of the Properties would
result in the discovery of additional mineralization or that the
reported historical diamond drilling results can be verified.
For any forward-looking information given, Management has assumed
that a standard definitive agreement can be negotiated with the
Vendors and 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
additional 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.