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Boxxer announces airborne survey outlines five large magnetic targets on DOK copper-gold porphyry property
CALGARY, Oct. 14, 2011 /CNW/ - Boxxer Gold Corp. ( TSXV:BXX) (OTC Other:BXXRF ) ("Boxxer" ...
About this update from Exgen Resources Inc.
[{"type":"text","content":"\n\n\n\n\n\n\n\n\nCALGARY, Oct. 14, 2011 /CNW/ - Boxxer Gold Corp. (TSXV:BXX) (OTC Other:BXXRF) (\"Boxxer\" or the \"Corporation\") is pleased to announce the results of\n a high resolution aeromagnetic survey completed over the 18,500 acre\n DOK copper-gold porphyry property, located approximately 40 kilometres\n southwest of Telegraph Creek, in northwest British Columbia, Canada.\n Boxxer is earning a 100% interest in the DOK property.\n\n\nThe geology and mineralization on the DOK property exhibits many\n similarities with other large alkalic porphyry copper-gold deposits\n located in this area of northern British Columbia, such as the Galore\n Creek and Red Chris deposits. The majority of the exploration on the\n DOK property was completed in the early 1970's. To view a map showing\n the results of the historical exploration data and the airborne\n magnetic data please visit Boxxer's website at www.boxxergold.com.\n\n\nTechnical Highlights of the high resolution magnetic survey are:\n\n\nThe Total Field (TF) and Calculated Vertical Gradient (CVG) magnetic\n data has defined five large, strong, positive magnetic signatures\n within the property,\n\n\nTwo of the TF and CVG magnetic anomalies correlate with the two large\n previously identified copper-gold-molybdenum-silver in soil geochemical\n anomalies,\n\n\nThe TF and CVG data has outlined a large, semi-circular, strong magnetic\n signature in a previously unexplored area of the property,\n\n\nThe TF and CVG magnetic signatures that coincide with the larger of the\n two geochemical anomalies suggest that this anomaly could extend at\n least an additional 1,000m to the northwest.\n\n\nBoxxer's President and CEO, Elmer B. Stewart, explained; \"The geology,\n historical soil geochemical anomalies, alteration, mineralization, and\n the widespread gossans combined with the recently identified strong\n positive magnetic signatures are all features typical of a large\n alkalic type porphyry copper-gold-silver environment. The three\n previously unknown intense positive magnetic signatures represent new\n exploration targets, especially the two that are associated with the\n large semi-circular intense magnetic low\".\n\n\nDOK Property Highlights;\nThe exploration completed on the DOK property has provided some\n excellent results all consistent with an alkalic copper-gold por...