CALGARY, Feb. 27 /CNW/ - Boxxer Gold Corp (TSXV - "BXX") is pleased to announce the discovery of a large new zone of disseminated copper mineralization in an unexplored portion of its 100% owned Boss project located in the Goodsprings Mining District, southern Nevada, representing a new style of copper mineralization. To accommodate the new discovery, Boxxer announces new land acquisition.
Mr. Elmer Stewart, President and CEO of Boxxer stated, "This new discovery combined with the skarn/marble hosted copper-gold mineralization clearly indicates multiple mineralizing events in this portion of the Goodsprings Mineral district. The analytical results from the Ironside Northeast zone are consistent with our skarn-related porphyry intrusion model, thus, substantially extending the potential for copper-gold mineralization in this unexplored portion of the Boss project. We have reason to believe that the district is host to a large, complex mineralizing system as evidenced through the recently identified areas of anomalous copper-gold mineralization in bedrock, the four distinct styles of copper mineralization, the 14,000-foot long skarn/marble alteration zone and the 17 large zones of copper-gold mineralization located to date."
Highlights:
- Staking new mineral claims to cover the recently discovered
disseminated stratiform copper mineralization in fine to medium
grained partially silicified carbonates,
- Identification of three large areas of anomalous copper-gold values
in bedrock with up to 55,300 ppm (5.53%) copper and 4.36 g/t gold in
portions of the Boss project, and
- Copper-gold concentrations found in preliminary channel sampling of
the Ironside Northeast zone located 400 m south of the Oro Amigo
mine, warranting the detailed systematic channel sampling and mapping
of this zone.
Stratiform Copper Mineralization:
Recent exploration has located disseminated and streaks of copper-oxide mineralization in fine to medium grained partially decalcified and silicified carbonate over a minimum horizontal distance of 50 m and a vertical distance of 15 m. The mineralization appears to extend beyond these dimensions. Two samples have been collected and submitted for 42 element ICP analysis including copper-gold-silver and PGM.
Land Acquisition:
A total of 22 new mineral claims have been located primarily to cover the extensions of the recently discovered stratiform copper mineralization. Mineral claims were also located to cover three zones of copper mineralization exposed in outcrop south and east of the Boss No.5 and Boss No.6 zones and covering the Copperside mine and two adits into zones of copper-gold mineralization. A grab sample by Boxxer from one of the adits returned 1.24% copper, 0.07 g/t gold and 3.8 g/t silver. The second adit has not been sampled. The Copperside mine is reported to have produced 621 tons of high-grade mineralization between 1917 and 1920 that ranged between 13.8% and 36.5% copper per ton, trace to 0.18 ounces gold per ton and 0.10 to 1.20 ounces silver per ton based on smelter results. The underground workings on the Copperside mine consist of 80 m (250 ft) of drifts on two levels.
Geochemical Anomalies:
From 2005 to 2008 a total of 477 wide spaced grab and area chip samples were collected as part of a preliminary reconnaissance exploration of the property. A total of 95 of the 477 rock samples contain anomalous (greater than 63 ppm) concentrations of copper, based on geostatistical analysis of the database. A significant number of the 95 samples also contain anomalous concentrations of gold, silver, platinum and palladium. In the anomalous samples, copper values ranged from 63 to 244,300 ppm (24.4%), 0.05 to 12.5 g/t gold, 1.0 to 61.6 g/t silver and 0.02 to 2.53 g/t combined platinum and palladium. This study has extended the potential area of mineralization around former mines, underground workings and previously announced mineralized outcrop from within the Boss Project.
The grab sample not located within these anomalies that assayed 244,300 ppm (24.4%) copper was described to contain trace malachite, suggesting copper also occurs in other forms, such as chalcocite. Jasperoid outcrop is common in the vicinity of the former Oro Amigo mine workings and samples from these outcrops contain anomalous concentrations of copper-gold-silver-platinum-palladium.
Anomaly No.1 - is located in a relatively unexplored portion of the Boss project and measures 3,000 m long by 200 m wide that includes the Northeast Ironside zone. A total of 41 samples occur within this anomaly with copper values ranging from 65 to 5,800 ppm (0.58%) and the gold values ranging from 0.011 g/t to 4.36 g/t.
Anomaly No.2 - is located in the recently acquired mineral claims and measures 1,000 m long by 200 m wide. A total of 15 rock samples occur within this anomaly with copper values ranging from 66 to 55,300 ppm (5.5%) and the gold values ranging from 0.013 g/t to 0.326 g/t.
Anomaly No.3 - is mainly located in the recently acquired mineral claims, measures 800 m long by 100 m wide and is defined by 8 samples with copper values ranging from 68 to 237 ppm.
Ironside Northeast Zone:
Two of the three channel samples from underground workings on this zone located approximately 400 m southeast of the former Oro Amigo mine returned up to 0.23% copper and 0.192 g/t gold over a 1 m interval.
Future Plans
Systematic sampling of the underground workings on the Ironside Northeast zone, the Copperside mine and the two adits are expected to commence in March, concurrent with the proposed diamond drilling program. On completion of the work planned for the Ironside Northeast zone, detailed prospecting, mapping and more systematic sampling of the bedrock anomalies and the area around the stratiform copper mineralization is planned.
Sample Preparation and Analysis
The channel samples from the Ironside Northeast zone were collected with a hammer and chisel and represent continuous sampling of the material within the sample interval. Channel sample weights ranged from two to four kilograms and sample intervals ranged from 1.0 to 1.8 m. The grab and area chip samples weigh typically less than 1.0 kg whereas the channel samples weighed between two and four kilograms. All samples were prepared by ALS Chemex laboratory in Winnemucca, Nevada, and were analyzed by ALS Chemex in Vancouver, British Columbia, using PGM-ICP 23 for gold, platinum and palladium and ME-ICP41 for silver and copper and other metals. ALS Chemex's quality control system complies with the requirements for the International Standards ISO9001:2000 and ISO 17025:1999. Analytical accuracy and precision are monitored by the use of international and in-house standards.
QA/QC
Boxxer follows a rigorous Quality Assurance/Quality Control program consisting of inserting blanks and duplicates into the sample stream submitted to the laboratory for analysis.
Elmer B. Stewart, MSc. P. Geol., President of Boxxer, is the Corporation's nominated Qualified Person pursuant to National Instrument (NI) 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 three copper-gold projects in the state of Nevada, and a shear hosted medium to high grade gold project located 110 km north of Yellowknife NWT, Canada.
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 such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. 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 company's disclosure documents on the SEDAR website at www.sedar.com. The company does not undertake to update any forward-looking information except in accordance with applicable securities laws.
For Boss Project - Copper-Gold Bedrock Anomalies see http://files.newswire.ca/758/BossProject0227.doc
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