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Boxxer Gold Announces Titan-24 Survey Identifies Numerous Geophysical Targets at Buena Vista: Additional Work Underway at Gordon Lake Gold Project
Feb. 23, 2011 (Filing Services Canada) -- Boxxer Gold Corp. (BXX - TSX Venture, BXXRF - OTCBB_P...
About this update from Exgen Resources Inc.
[{"type":"text","content":"\nBoxxer Gold Announces Titan-24 Survey Identifies Numerous Geophysical Targets at Buena Vista: Additional Work Underway at Gordon Lake Gold Project\n\n\n Feb. 23, 2011 (Filing Services Canada) -- Boxxer Gold Corp. (BXX - TSX Venture, BXXRF - OTCBB_Pink_Sheets), is very pleased to announce the results of the Quantec Titan-24 DCIP & MT survey completed on the Buena Vista copper project located in west-central Nevada, and new exploration activity is underway at the Gordon Lake gold project.HIGHLIGHTS:- Two large areas of Induced Polarization anomalies (18 targets) outlined at Buena Vista,- Large circular feature outlined in large mineralized iron-carbonate alteration zone at Buena Vista; and - Ohm Mapper geophysical survey underway on Gordon Lake gold project. Boxxer's President and CEO, Elmer B. Stewart, explained, \"The Titan-24 survey has produced considerable insight as to the possible control on the high-grade copper mineralization previously outlined on the Buena Vista property. Eight circular shaped chargeability anomalies suggest a series of breccia pipes as possible feeders to the copper mineralization on surface.  In addition, the geophysical program at Gordon Lake is designed to map the silicification in the area of previously identified high-grade gold mineralization outlined in December 2010 and along the 7 kilometre long shear zone that hosts 17 other zones of gold mineralization, most notably the South, Syn, and Union Zones. The Gordon Lake property is currently being explored under the terms of an Option Agreement with Champlain Resources Ltd. (\"Champlain - TSX-V:CPL\") whereby Champlain can earn a 55% interest in the project by spending $2mm over a period of three years.Buena Vista Project:The DCIP & MT survey located a total of 18 targets including i) four first priority targets (high chargeability and low resistivity), ii) three second priority targets (high chargeability, low resistivity and variable MT resistivity), and iii)  11 third priority (weak to strong chargeability and low to moderate resistivity).  Only half of the property has been surveyed with the Quantec system at this point. First Target:The first area of chargeability (1,000m by 600m) is located at the south part of the project and correlates well with the DC and MT resistivity results. This zone is interpreted to ...