Dec. 9, 2010 (Filing Services Canada) -- Champlain Resources Inc. (CPL - TSX Venture), and Boxxer Gold Corp. (TSX Venture: BXX) ("Boxxer" or the "Corporation") are pleased to announce assay results from a preliminary mapping and sampling program completed on the Gordon Lake gold project. The program was completed between the SYN zone and the UNION zone located at the southern end of the 6,000 acre property as a follow-up the results of an airborne geophysical survey completed in August 2010. The samples contain significant gold mineralization occurred within an area that measured approximately 160 metres by 50 metres and is open along strike.
Highlights:
- Seven of the 15 samples collected returned significant gold values ranging from 0.16 g/t to 34.8 g/t gold,
- Gold mineralization occurs in silicified and sericitized argillites that contain quartz veining and quartz veinlets,
- The gold mineralization exhibits a strong arsenic-antimony geochemical signature, and
- The mineralized samples exhibit a strong increase in silica-potassium-sulfur along with a decrease in sodium, similar to the mineralization located in the Yellowknife gold district.
Mr. Troy Mochoruk, President and CEO of Champlain Resources commented, "We are very pleased with the sampling results received so far to date. Although preliminary in nature, the high grade samples obtained, and the new zone identified are very encouraging. The property is very much under explored and we see exceptional opportunity and look forward to follow up work in 2011."
Boxxer's President and CEO, Elmer B. Stewart, explained, "The mapping and sampling program, although preliminary in nature, has identified a new zone of gold mineralization and a number of previously unknown areas of silicification. This new zone and the other 17 zones of gold mineralization on the Gordon Lake property are interpreted to be part of a large shear hosted gold system similar to that which hosted the Giant and Con gold deposits in the Yellowknife Mining District."
Exploration Target:
The exploration target on the Gordon Lake property is gold deposits similar to the Giant and Con mines which produced approximately 13 million ounces. The 17 zones of gold mineralization identified to date on the Gordon Lake project occur within two steeply dipping sericite-quartz-carbonate altered shear zones. The dimensions of these mineralized zones are up to 140 metres long and range from 1metres to 11 metres in width. One zone has been drill tested to 215 metres below surface and is open at depth. The gold mineralization exhibited a strong arsenic geochemical signature and a pyrite-pyrrhotite-arsenopyrite-spalerite-galena-chalcopyrite mineral association. Only three of the 17 mineralized zones have been drilled to date.
Mapping and Sampling program:
The mapping and sampling was completed in an un-explored area between the SYN zone and the UNION zone, a distance of approximately 1,400 metres. The program (five days of mapping and sampling) located numerous areas of pervasive silicification and quartz veining in argillite and siltstones. The silicification was noted to occur over lengths of a few hundred metres and widths of up to 25 metres. Logistical difficulties and weather conditions limited the duration of the program and prevented the samples of most of these zones.
Future Exploration:
Approximately 140 kilometres of cutting and brushing out of grid lines has been completed in advance of an Ohm Mapper resistivity survey. The survey is expected to commence in mid-December with the objective of surveying the entire Gordon Lake project to delineate and trace the strike extensions of the numerous areas of pervasive silicification located during the reconnaissance mapping and sampling program. Based on the results of this survey additional geophysical surveys may be completed.
Assay data pertaining to this release has been reviewed and approved by Champlain's R. Dean Fraser, P.Geo, a "qualified person" person under National Instrument 43-101. Champlain relies on the project operator and Joint Venture Partner, Boxxer Gold Corp, for validity of geological information pertaining to this release.
Elmer B. Stewart, MSc. P. Geol., President of Boxxer, is 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 Champlain Resources Inc.
Champlain is a Canadian junior resource company with an earn-in interest in the Gordon Lake project and with interests in 23 mineral claims known as the Medicine Stone and Laird Lake mineral claims located in the Madsen area of Red Lake, Ontario. Champlain and Boxxer are parties to an Earn-in Option Agreement where among other things, Champlain has an option to earn a 55% interest in the Gordon Lake Gold Project over a three year period.
For further information on Champlain contact:
Mr. Troy Mochoruk
Chairman and CEO:
#1614, 246 Stewart Green SW
Calgary, AB T3H 3C8
Tel: (403) 618-8989
[email protected]
About Boxxer Gold Corp.
Boxxer Gold is a Canadian junior resource company involved in the exploration of two copper-gold projects in the state of Nevada, and a shear hosted medium to high grade 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: [email protected]
Boxxer Gold Corp
John L. Maslanyk
Vice President & Chief Information Officer
Tel: 1-403-804-2251
Toll Free: 1-888-479-3596
e-mail: [email protected]
CHF Investor Relations
Jeanny So
Director of Operations
Tel: 1-416-868-1079 ext. 233
Fax: 1-416-868-6198
e-mail: [email protected]
Torrey Hills Capital
James Macdonald
Senior Account Manager
Tel: 1-858-456-7300
Fax: 1-858-481-4306
e-mail: [email protected]
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. There can be no assurance that the mapping and sampling programs described in this news release would lead to the discovery of larger zones of gold mineralization. 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.
Source: Champlain Resources Inc. (CPL - TSX-V)
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