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TITAN-24 Shows Strong Chargeability Associated With Large Copper in Soil Anomaly and Mineralized Altered Intrusive and Volcanic Rocks
CALGARY, Oct. 1, 2012 /CNW/ - Boxxer Gold Corp. ( TSXV: BXX ) ("Boxxer" or the "Corporation...
About this update from Exgen Resources Inc.
[{"type":"text","content":"\n\n\n\n\n\nCALGARY, Oct. 1, 2012 /CNW/ - Boxxer Gold Corp. (TSXV: BXX) (\"Boxxer\" or the \"Corporation\") is very pleased to provide positive\n results from the TITAN-24 DCIP/MT survey completed by Quantec\n Geoscience over two large copper-gold-molybdenum-silver in-soil\n anomalies on Boxxer's DOK project located in northwest British\n Columbia.\n\n\nBoxxer's President and CEO, Elmer B. Stewart, explained, \"Based on these\n results, the DOK property is at the drill-ready stage.  The combination\n of Titan-24 results, airborne magnetic data, geology and copper\n mineralization exposed in bedrock strongly suggests two excellent\n porphyry style targets have been identified on this part of the DOK\n property. The chargeability anomalies outlined by the survey cross the\n interpreted contact between potassic altered and mineralized intrusive\n rocks and Stuhini volcanics underlying the two large polymetallic\n copper in soil anomalies with positive magnetic signatures are very\n compelling targets that suggest large porphyry targets\".\n\n\nThe Titan-24 survey completed over two previously identified in-soil\n anomalies which contain the following historical results (see news\n release dated May 26, 2011):\n\n \n \n \n\na)     \n\n\n81 areas of copper mineralization have been located on the property; the\n majority of these occur within the two large polymetallic copper in\n soil geochemical anomalies,\n\n \n \n \n\nb)     \n\n\nThe copper-gold-molybdenum-silver in soil geochemical anomalies occur\n over a five kilometre strike length.  The northwest (see highlights) zone measures 2,000 metres long by up to 1,400 metres\n wide.  The southeast (see highlights) zone measures 1,500 metres long and up to 900 metres\n wide.  Both anomalies are open along strike,\n\n \n \n \n\nc)     \n\n\nCopper concentrations within both soil geochemical anomalies range from\n 200 to 9,820 parts per million (0.02% to 0.98%) (\"ppm\") as well as\n 0.03g/t to 2.2 g/t gold; 14 to 135ppm molybdenum; and 0.6g/t to 84.5g/t\n silver, and\n\n \n \n \n\nd)     \n\n\nChip samples of mineralized bedrock in the northwest anomaly returned\n 0.66% copper over 38 metres, 0.73% copper ove...