Oct. 8, 2010 (Filing Services Canada) -- Boxxer Gold Corp. (BXX - TSX Venture, BXXRF - OTCBB_Pink_Sheets), is pleased to announce the results of the high sensitivity aeromagnetic survey over the Gordon Lake Gold Project located approximately 110 kilometres northwest of Yellowknife, NWT. The survey traced along strike, the previously identified gold bearing shear zones to establish regional structural control on the 17 large zones of gold mineralization identified to date.
Champlain Resources Ltd. has the option to earn a 55% interest in the Gordon Lake gold project over a three year period by making $2mm in expenditures. Boxxer is the operator of the project.
Survey Highlights:
* The gold mineralization located between the Main and South zone is
located within a strong north trending interpreted fault zone;
* The gold mineralization located between the S2 zone and the Syn zone
is hosted in a strong northeast trending interpreted fault zone;
* A strong, 400 metre wide circular magnetic low occurs along the
northeast trending fault that hosts the S2 to Syn zones of gold
mineralization; and
* The zones of gold mineralization are associated with positive
irregular magnetic features that are interpreted to be buried
intrusives.
Boxxer's President and CEO, Elmer B. Stewart, explained, "The airborne survey has identified a number of previously unknown structural and intrusive features. The zones of gold mineralization are interpreted to occur along north-south and north-east trending interpreted fault/shear zones associated with positive magnetic features. The circular magnetic low was never previously identified and is of considerable interest as a possible pipe like intrusive body. The characteristics of the mineralization identified to date, including structural controls, alteration, geochemical signature and the nature and dimension of the mineralized zones, all indicate a large shear-hosted gold system similar to that which hosted the gold deposits in the Yellowknife Mining District."
2010 Exploration Program:
Phase one of the 2010 exploration program is well underway on the Gordon Lake property. The program consists of line cutting and resistivity surveys over the interpreted fault zones, to locate zones of higher resistivity indicating silicification associated with gold mineralization, mapping, prospecting and channel sampling of the gold mineralization previously identified in the Syn zone.
The program is expected to be completed by the end of October, and the results will be released shortly after its receipt. Additional exploration is planned after freeze up. Exploration activities include a potential diamond drilling program, to be determined by the results of phase one.
Elmer B. Stewart, MSc. P. Geol., President of Boxxer, the Corporation's nominated Qualified Person pursuant to National Instrument #43-101, Standards for Disclosure for Mineral Projects, has reviewed the technical information disclosed in this news release.
About Boxxer Gold Corp.
Boxxer Gold is a Canadian junior resource company involved in the exploration of two copper projects in the state of Nevada, and a shear hosted gold project located 110 kilometres north of Yellowknife NWT, Canada. For more information on Boxxer please visit our website at www.boxxergold.com or contact:
Boxxer Gold Corp.
Elmer B. Stewart
President & Chief Executive Officer
Tel: 1-403-264-4811
Cel: 1-403-680-9584
Email: elmerbstewart@hotmail.com
Boxxer Gold Corp
John L. Maslanyk
Vice President & Chief Information Officer
Tel: 1-403-804-2251
Toll Free: 1-888-479-3696
e-mail: jmaslanyk@yahoo.ca
CHF Investor Relations
Alison Tullis
Senior Account Manager
Tel: 1-416-868-1079 ext. 233
Fax: 1-416-868-6198
e-mail: alison@chfir.com
Torrey Hills Capital
James Macdonald
Senior Account Manager
Tel: 1-858-456-7300
Fax: 1-858-481-4306
e-mail: jmacdonald@torreyhillscapital.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements: This news release may contain certain forward-looking information. All statements included herein, other than statements of historical fact are forward-looking information and such information involves various risks and uncertainties. There can be no assurance that the airborne geophysical survey will identify targets or be able to demonstrate the continuity of the shear zones or the gold mineralization, the actual results and future events could differ materially from those anticipated in this news release. There can be no assurance that the zones of gold mineralization mentioned in this news release can be extended or that the structural control or interpreted intrusive rocks will be found. For any forward-looking information given, Management has assumed that the time frame provided to completed surveys and other activities may vary significantly from actual completion of the proposed work programs. Management assumed that the results it receives from its independent contractors and the interpretation thereof are reliable, and applied geological and geophysical interpretation methodologies which are consistent with industry standards. Although Management has a reasonable basis for the conclusions drawn, actual results may differ materially from those currently anticipated in such statements. For such statements, the Corporation claim safe harbour for future releases. A description of assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward-looking information can be found in the Corporation's disclosure documents on the SEDAR website at www.sedar.com. The Corporation does not undertake to update any forward-looking information except in accordance with applicable securities laws.
Source: Boxxer Gold Corp. (TSX-V: BXX) http://www.boxxergold.com
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