Boxxer enters letter of intent to acquire 23 mineral claims contiguous to East Breccia copper-molybdenum-silver property

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[{"type":"text","content":"\n\n\n\n\n\nCALGARY, Aug. 3, 2012 /CNW/ - Boxxer Gold Corp. (BXX-TSXV; OTC -BXXRF)\n (\"Boxxer\" or the \"Company\") is pleased to announce that it has entered into an arm's length,\n non-binding letter of intent with a partnership of three Ontario\n individuals (the \"Vendors\") to acquire 23 mineral claims covering 6,997.9 acres (the \"Properties\") contiguous to its East Breccia copper-molybdenum-silver property\n located approximately 60 kilometres north of Sault St Marie, Ontario\n (the \"Transaction\"). The proposed Transaction is subject to regulatory approval and other\n conditions, including, the execution of a definitive agreement.\n\n\nHighlights: \n\n\nMountain Breccia Property (4,269.9 acres):\n\n\n\n\n\n \n\n\na)     \n\n\n \n\n\nExploration target is copper-molybdenum mineralization hosted in a\n breccia pipe,\n\n\n \n\n\nb)     \n\n\n \n\n\nHistorical drilling focused on delineating high grade copper-gold-silver\n mineralization such as DDH 97-35 returned 0.64% Cu and 1.71 g/t gold\n over 3.8 m. DDH 98-04 returned 213.6 g/t silver and 8.7% Cu over 0.15\n m. and 44.3 g/t silver, 0.64% Cu and 0.54 g/t gold over 8.6 m. DDH\n 98-08 returned 256.0 g/t silver, 0.78% Cu and 1.0 g/t gold over 6.8 m,\n\n\n \n\n\nc)     \n\n\n \n\n\nWidespread copper+/-molybdenite mineralization reported in historical\n drill logs, and\n\n\n \n\n\nd)     \n\n\n \n\n\nSix similar anomalies defined by 2009 VTEM survey.\n\n\n\n\n\nTribag Property (2,728.0 acres):\n\n\n\n\n\n \n\n\na)     \n\n\n \n\n\nHosts the South Breton Breccia immediately adjacent to the former Tribag\n copper mine,\n\n\n \n\n\nb)     \n\n\n \n\n\nThe exploration target is copper-molybdenum mineralization hosted in\n breccia pipes,\n\n\n \n\n\nc)     \n\n\n \n\n\nThe property covers the northeast extension of the West Breccia zone of\n mineralization,\n\n\n \n\n\nd)     \n\n\n \n\n\nMineral claims surround the former Tribag copper mine, and\n\n\n \n\n\ne)     \n\n\n \n\n\nThe area is still prospective for discovery of additional breccia pipes.\n\n\n\n\n\nBoxxer's...

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