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Boxxer Options Large Copper-Gold Porphyry Property in Northwest British Columbia
May 26, 2011 (Filing Services Canada) -- Boxxer Gold Corp. (BXX - TSX Venture, BXXRF - OTCBB_Pi...
About this update from Exgen Resources Inc.
[{"type":"text","content":"\nBoxxer Options Large Copper-Gold Porphyry Property in Northwest British Columbia\n\n May 26, 2011 (Filing Services Canada) -- Boxxer Gold Corp. (BXX - TSX Venture, BXXRF - OTCBB_Pink_Sheets), is pleased to announce that it has signed an Option Agreement with two private property owners to earn a 100% interest in the DOK copper-gold porphyry property located approximately 40 kilometres southwest of Telegraph Creek, in northwest British Columbia, Canada. The property consists of seventeen contiguous mineral claims covering approximately 18,500 acres.  The addition of the DOK property is part of Boxxer's strategy to acquire up to four early-stage, essentially un-explored, poly-metallic porphyry projects with large tonnage potential. The majority of the exploration on the DOK property was completed in the early 1970's.  Since that time very little exploration has been completed. Technical Highlights of the work performed on the property are:a) 81 copper occurrences have been located within the property, the majority of which occur within two large soil geochemical anomalies.b) Two large, copper-gold-molybdenum-silver soil geochemical anomalies have been outlined over a five kilometre strike length on the property.  The first zone measures 2,000 metres long by 1,400 metres wide.  The second zone measures 1,500 metres long by 900 metres wide.  Both anomalies are open along strike.c) Copper concentrations in the soil geochemical anomalies range from 200 to 9,820 parts per million (\"ppm\"); as well as 0.03g/t to 2.2 g/t gold; 14 to 135ppm molybdenum; and 0.6g/t to 84.5g/t silver.d) Chip sampling of copper mineralization in bedrock during the early 1970s returned 0.66% copper over 38 metres, 0.73% copper over 16 metres, and 0.32% copper over 25 metres. The gold-silver-molybdenum concentrations for these mineralized intervals have not been reported, ande) The two soil geochemical anomalies and the copper-gold-silver mineralization in outcrop are associated with of andesite of the Stuhini Group and potassic altered quartz monzonite, quartz diorite, and granodiorite intrusives.Option Agreement HighlightsUnder the terms of the Option Agreement, Boxxer has the right to earn a 100% interest in the DOK property (subject to the NSR payable to the vendors) by making the following payments and e...