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Boxxer Options Second Canadian Copper-Molybdenum-Silver Property
Jun. 16, 2011 (Filing Services Canada) -- Boxxer Gold Corp. (BXX - TSX Venture, BXXRF - OTCBB_P...
About this update from Exgen Resources Inc.
[{"type":"text","content":"\nBoxxer Options Second Canadian Copper-Molybdenum-Silver Property\n\n Jun. 16, 2011 (Filing Services Canada) -- Boxxer Gold Corp. (BXX - TSX Venture, BXXRF - OTCBB_Pink_Sheets), is pleased to announce that subject to regulatory approval, it has executed an option agreement whereby it has the right to earn a 100% working interest in the East Breccia copper-molybdenum-silver exploration property located in south-central Ontario, subject to a 3% Net Smelter Return (\"NSR) held by the Optionors of the property. The East Breccia property is located in the Sault Ste. Marie Mining Division in south-central Ontario, approximately 65 kilometres north of Sault Ste. Marie, Ontario. The property consists of 11 contiguous mineral claims covering approximately 4,300 acres.  The addition of the East Breccia property is part of Boxxer's strategy to acquire a selective inventory of early stage, essentially under-explored, poly-metallic copper projects with large tonnage potential. The majority of the exploration on the East Breccia property was completed between 1961 and 1982, and since that time very little systematic exploration has been completed. Technical Highlights of the work performed on the property are:* The reported copper-molybdenum-silver mineralization is hosted in the East Breccia and the south half of the West Breccia, located near the former Tribag Copper Mine site,  * A total of 55 drill holes have been completed in the East Breccia, where historical drill hole intersections of 0.25% copper, 0.042% MoS2 and 7.2 g/t silver over 142.4m*, and 0.31% copper, 0.038% MoS2, and 4.8 g/t silver over 143.2m* being reported,* The East Breccia has a surface dimension of approximately 550m by 700m and has been explored to a depth of 750m below surface, and* The West Breccia has a surface dimension of 200m by 650 m and has been explored to a depth of 850m.  Note: The above quoted mineralized intervals have not been verified by Boxxer. The analytical methods used to measure the copper-molybdenum-silver concentrations in the core is not known.  Boxxer believes that the above quoted mineralized intervals are correct and significant, however until the mineralized intervals are verified by additional exploration, these mineralized intervals should be considered speculative. Option Agreement HighlightsUnder ...