Business
Boxxer Announces Update on Exploration Activities
Jul. 12, 2011 (Filing Services Canada) -- Boxxer Gold Corp. (BXX - TSX Venture, BXXRF - OTC Pin...
About this update from Exgen Resources Inc.
[{"type":"text","content":"\nBoxxer Announces Update on Exploration Activities\n\n Jul. 12, 2011 (Filing Services Canada) -- Boxxer Gold Corp. (BXX - TSX Venture, BXXRF - OTC Pink),  is pleased to provide an update on the Company's activities, including; i)  exploration results from 3D modelling of the three Titan-24 DCIP & MT surveys completed over the northern end of the Boss project, (ii) exploration plans for the DOK and East Breccia properties, and (iii) grant of 3.65 million stock options..  A plan map showing the chargeability signature for the Boss project can be viewed on the Company's website at www.boxxergold.com.Exploration Highlights: a) The 3D solids model has outlined three areas of positive chargeability and low resistivity that extend to depths in excess of 500m below surface.  These signatures are typical of a porphyry system,b) The 3D solids model shows that the diamond drill holes completed to date are either on the side or immediately adjacent to the chargeability targets, c) The contract for a high resolution airborne magnetic survey of the DOK copper-gold-molybdenum-silver project located in northwest British Columbia has been awarded and is set to commence mid-July,d) Conditional regulatory approval for the option to earn a 100% working interest in the East Breccia copper-molybdenum-silver project in Ontario has been received, and Boxxer's President and CEO, Elmer B. Stewart, explained, \"Boxxer is making excellent progress in implementing its corporate strategy of acquiring a portfolio of large poly-metallic copper projects in North America.  The 3D solids model for the northern portion of the Boss project suggests that the anomalous copper-gold-silver geochemisty and oxide copper mineralization intersected in the first 6 holes of the current drilling program, are located on the edge of areas of stronger positive chargeability, but not in the optimal locations, a typical situation encountered in the early stage exploration of previously unexplored districts, essentially part of the \"learning curve\".  Both the intensity and style (both disseminated and fracture controlled) of oxide copper mineralization intersected in DDH-07-2011 is completely different from the disseminated oxide copper mineralization intersected in the previous 6 holes. DDH-07-2011 appears to have inte...