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Boxxer Intersects 15.3 Metres Of 0.61% Copper Equivalent at Boss Porphyry Copper-Gold Project
Jul. 26, 2011 (Filing Services Canada) -- Boxxer Gold Corp. (BXX - TSX Venture, BXXRF - OTC Pin...
About this update from Exgen Resources Inc.
[{"type":"text","content":"\nBoxxer Intersects 15.3 Metres Of 0.61% Copper Equivalent at Boss Porphyry Copper-Gold Project\n\n Jul. 26, 2011 (Filing Services Canada) -- Boxxer Gold Corp. (BXX - TSX Venture, BXXRF - OTC Pink),is very pleased to announce the results of diamond drill hole (\"DDH\") DDH07-2011 on its Boss porphyry copper-gold project located in the Goodsprings District of Nevada and an update on the high resolution  airborne magnetic survey on the DOK copper-gold project located in northwest British Columbia. A plan map showing the location of DDH07-2011 can be viewed on the Company's website at www.boxxergold.com.Highlights: a) DDH07-2011 intersected 0.53% copper, 0.03 g/t gold and 5.81g/t silver (copper equivalent 0.61%) over an interval of 15.3m over a core length from 20.3m to 35.6m.  The mineralization is hosted in marble and open along strike, to the north and down dip,b) DDH07-2011 intersected 0.27% copper, 0.04 g/t gold and 3.03 g/t silver (0.31% copper equivalent) over an interval of 37.1m from surface to a depth of 37.1m, andc) Approximately 25% of the high resolution airborne magnetic survey over the DOK copper-gold porphyry project located in northwest British Columbia has been completed.Boxxer's President and CEO, Elmer B. Stewart, explained, \"The results of DDH07-2011 clearly demonstrates that wide intervals of skarn hosted copper-gold-silver mineralization do exist on the Boss project and marks a turning point in the exploration of the Boss porphyry copper-gold project.  The mineralized zone is open along strike, to the north and at depth.  Combining these results with the results of the recent 3D chargeability model strongly support our exploration target for the Boss project of a porphyry copper-gold deposit ranging from 500 to 800 million tonnes with grades ranging from 0.70% to 1.0% copper and from 0.2 to 0.4 g/t gold*\".  * The potential quantity and grades for the exploration target on the Boss project are conceptual in nature. There has been insufficient exploration to define a resource and it is uncertain if future exploration will result in the exploration target being delineated as a mineral resource. The basis for the potential quantities and grades are the 2001 to 2011 sampling results, the horizontal and vertical dimensions of the mineralized zones, the size of the...