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Mapping and geophysical surveys locate two new copper bearing breccias on East Breccia copper-molybdenum-silver property
CALGARY , Nov. 15, 2013 /CNW/ - Boxxer Gold Corp. (BXX-TSXV; OTC -BXXRF) (" Boxxer " o...
About this update from Exgen Resources Inc.
[{"type":"text","content":"\n\n\nCALGARY, Nov. 15, 2013 /CNW/ - Boxxer Gold Corp. (BXX-TSXV; OTC -BXXRF)\n (\"Boxxer\" or the \"Company\") is pleased to announce the results of a recently completed mapping\n and VLF-EM geophysical survey completed over a portion of its 11,300\n acre East Breccia copper-molybdenum-silver project in September 2013. A\n significant number of copper-silver +/- molybdenite bearing breccia\n pipes have been located by historical and current exploration in the\n Batchawana Greenstone Belt, some of which have been mined (i.e. Tribag\n Copper mine) in the past.\n\n\nThe East Breccia project is located approximately 60 kilometres north of\n Sault Ste Marie, Ontario in the Batchawana Greenstone Belt. This\n Greenstone Belt is interpreted to be a part of the Mid Continent Rift,\n a regional scale structural feature that hosts numerous large base and\n precious metal mines in Canada and the United States.  Results are\n highlighted below:\n\n\nHighlights: \n\n\na)     \n\n\nTwo previously unknown breccias with significant copper-silver\n mineralization have been located approximately 2 kms east of the\n previously acquired Mountain Breccia,\n\n\nb)     \n\n\nThese breccias are located within the 12 kilometer long by 6 kilometre\n wide area that hosts all conductivity, magnetic and electromagnetic\n targets as well as all known mineralized breccias (see news release\n dated April 4th, 2013),\n\n\nc)     \n\n\nThese mineralized breccias contain significant copper-silver +/-\n molybdenite-rhenium mineralization and have an associated positive\n magnetic signature, and\n\n\nd)     \n\n\nThe VLF-EM survey has located zones of conductivity that range from 100\n to 200m wide and up to 500m long associated with these mineralized\n breccia and positive magnetic signatures.\n\n\n\n\nBoxxer's President and CEO, Elmer B. Stewart, explained; \"The recent\n exploration brings the total number of mineralized breccias within the\n property to 10 and suggests that the breccia hosted copper-silver\n mineralization is more widespread than previously known. A large\n portion of the East Breccia project remains to be explored using modern\n technology. The combination of the large target area and multiple large\n mineralized breccias enhances the poten...