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Boxxer Completes Airborne Geophysical Survey at Gordon Lake Gold Project
Boxxer Completes Airborne Geophysical Survey at Gordon Lake Gold Project
About this update from Exgen Resources Inc.
[{"type":"text","content":"\nBoxxer Completes Airborne Geophysical Survey at Gordon Lake Gold Project\n\n\n Aug. 27, 2010 (Filing Services Canada) -- Boxxer Gold Corp. (BXX - TSX Venture), is pleased to announce that MPX Geophysics Ltd. has completed a high sensitivity aeromagnetic survey over the Gordon Lake Gold Project located approximately 110 kilometres northwest of Yellowknife NWT.  The purpose of the survey was to map the surface extent of the two parallel gold bearing shear zones that host 17 large zones of gold mineralization. These zones of mineralization are open along strike and at depth.  Results of the airborne survey including total field magnetic, calculated vertical gradient and magnetic susceptibility maps are expected to be received in mid-September.Boxxer's President and CEO, Elmer B. Stewart, explained, \"The airborne magnetic survey is the first step in locating the extensions of the gold bearing shear zones identified to date.  The characteristics of the mineralization including structural controls, nature and dimensions of the mineralized zones, alteration and the geochemical signature indicate a large shear hosted gold system similar to that which hosted the gold deposits in the Yellowknife Mining District.\"Prior work on the property has revealed the following highlights which have been disclosed in previous news releases:Project Highlights:* 16 zones of medium to high grade gold mineralization located within a 1  km strike length;* Gold mineralization hosted in two, wide, sericite-quartz-carbonate  altered shear zones;* 59 mineralized diamond drill holes in four zones, of which includes the  following;     * 19.40 g/t over 7.40 metres     * 21.00 g/t over 7.20 metres     * 34.10 g/t over 4.80 metres      * 11.30 g/t over 6.45 metres* Historical estimation* 179,200 t @ 13.47 g/t Au (4.0 g/t Au cut-off) in  two zones*The historical estimation was completed using the longitudinal sections of the mineralized zones and a polygonal block method. Polygons included all material to the midpoint between adjacent holes. Polygons occurring on the edge of the longitudinal sections and having no adjacent holes were extrapolated a maximum of 15 metres. The historical estimation was completed usin...