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Boxxer Provides Exploration Update for Boss and Buena Vista Projects
Boxxer Provides Exploration Update for Boss and Buena Vista Projects
About this update from Exgen Resources Inc.
[{"type":"text","content":"\nBoxxer Provides Exploration Update for Boss and Buena Vista Projects\n\n\n Oct. 4, 2010 (Filing Services Canada) -- Boxxer Gold Corp. (BXX - TSX Venture, BXXRF - OTCBB_Pink_Sheets), is pleased to provide an operational update on exploration activities scheduled for Q4-2010 through Q1-2011 at its Boss and Buena Vista copper-gold projects located in Nevada. Highlights include:* $2.7M cash on hand to complete the planned exploration work programs at the Boss and Buena Vista projects;* The 8,000m diamond drilling program on the Boss Property (100% owned)will commence upon mobilization and final staging of the contracteddrill rig;* Quantec's Titan-24 DCIP & MT survey on Boss completes extensive geophysical work; pending results from the Rose Mine may reveal additional drill targets; and,* DCIP & MT program set to begin on the Buena Vista Property (80% owned) early November.Commenting on the update, Boxxer Gold's President and CEO, Elmer B. Stewart, stated, \"The Company is in a strong financial position as we enter the next stage of our exploration program at both the Boss and Buena Vista projects.  At Buena Vista, the recognition of mineralized hydrothermal breccias puts a clearly different slant on the potential and methods required to explore this well mineralized Iron Oxide Copper Gold (IOCG) style property. Following the successful interpretation using the Titan-24 system on the Boss project, we believe this next survey will identify zones of interpreted buried sulphide mineralization to provide a much better understanding of the significance of the 57 zones of copper mineralization.  On the Boss Property, the forthcoming drilling program has the flexibility to accommodate pending results from the DCIP & MT survey on the Rose Mine, in the event the data reveals new targets that warrant confirmation drilling.\"Cash Position:Boxxer's current cash position is approximately $2.7 million due to the exercise of warrants issued in previous financings.  These funds are sufficient to complete Boxxer's 2010 exploration program consisting of diamond drilling and geophysical surveys on the Boss porphyry copper project, and deep penetrating geophysical surveys, trenching, mapping and sampling on the Buena Vista IOCG project.  Boss Project:As all permitting issues have been cleared, Boxxer is now awai...