Boxxer Provides Project Overview and Expands Area of Copper Mineralization
Thu Apr 23, 6:00 AM
ca.news.finance.yahoo.com
CALGARY, April 23 /CNW/ - Boxxer Gold Corp (TSXV - "BXX") is pleased to announce additional channel sampling results from its 100% owned Boss copper-gold project located in the Goodsprings Mining District of southern Nevada. The sampling outlined significant zones of copper mineralization including the following intervals:
- 2.56% copper, 0.20% cobalt and 0.09 g/t gold over 12.60 metres, and
- 1.40% copper, 0.40g/t gold and 5.08 g/t silver over 18.50 metres.
Mr. Elmer Stewart, President and CEO of Boxxer stated, "These analytical results have significantly expanded the known area of copper-gold mineralization within the Boss Project. The significant concentrations of cobalt and absence of platinum group elements is the fourth style of mineralization located to date on the project. The multiple mineralizing events could explain the size of the skarn and widespread copper-gold mineralization in this part of the Goodsprings Mining District."
Project Overview:
Over the past 12 months Boxxer has focused its exploration efforts on the copper-gold zone part of the Goodsprings Mineral District. This exploration effort has identified the following features that support a skarn/porphyry hosted copper-gold exploration model for the Boss project.
a) A skarn assemblage (consisting of the marble front and retrograde
skarn) has been identified over a horizontal distance of 4 km and a
width of up to 2 km;
b) Extensive copper-gold mineralization is exposed in numerous old
underground workings and in outcrop over the entire 4 kms strike
length of the skarn;
c) The intrusives exposed within the Goodsprings Mineral District
comprise a suite of monzonitic rocks and thin, late post mineral
alkali ultramafic dikes;
d) Four chemically different styles of copper (and associated metal)
mineralization has been identified;
e) A strong arsenic-bismuth-lead-zinc-nickel-molybdenum-stibnite
geochemical association with the copper-gold mineralization; and
f) The areal extent of the copper-gold zone of the Goodsprings Mineral
District is approximately 12 long and averages 3 wide.
The above listed features from the Boss Project are all characteristic of skarn hosted copper-gold mineralization.
Recent sampling of two news large zones of copper mineralization has expanded the area to be explored and returned preliminary analytical results, outlined below.
Copperside Mine:
The copper mineralization is exposed in outcrop over an area of 25m by 50m around the portal of this zone. The mineralization is exposed over a vertical interval of at least 25m. Mapping of underground workings have been completed and sampling is in progress. Analytical results for the samples collected from a portion of the underground workings are listed in Table-1 below:
Table-1: Summary of Analytical Results - Copperside Mine:
-------------------------------------------------------------------------
gold silver cobalt
Copperside Distance (m) copper (%) (g/t) (g/t) (ppm)
-------------------------------------------------------------------------
length 12.60 2.56 0.09 1.89 2000
width 23.10 0.31 0.05 1.13 200
-------------------------------------------------------------------------
The distribution of the copper mineralization within this zone is highly variable yet similar to the other 17 mineralized zones sampled to date on the Boss project. This zone shows extensive post mineralization brecciation. This zone contains lower gold and higher cobalt values than the other zones sampled to date which suggests a different style of mineralization possibly a separate mineralizing event. This zone exhibits a strong arsenic-bismuth-lead-zinc-nickel-molybdenum-stibnite geochemical signature. Channel sampling results are shown in Table-2:
Table-2 Channel Sample Results Copperside Mine:
-------------------------------------------------------------------------
gold silver cobalt
Sample No. Interval (m) copper (%) (g/t) (g/t) (ppm)
-------------------------------------------------------------------------
TJ-01-09 3.30 0.02 0.01 0.40 34
TJ-02-09 4.20 0.01 0.01 0.50 7
TJ-03-09 1.90 0.03 0.01 0.40 31
TJ-04-09 3.10 0.20 0.04 0.50 148
TJ-05-09 3.00 0.51 0.11 1.40 558
TJ-06-09 1.50 1.47 0.21 4.90 373
TJ-07-09 3.20 0.76 0.04 2.20 401
TJ-08-09 2.90 0.03 0.02 0.60 98
TJ-09-09 2.70 0.93 0.03 1.10 979
TJ-10-09 1.70 3.05 0.03 4.20 1005
TJ-11-09 3.40 4.25 0.15 2.20 2110
TJ-12-09 4.80 2.11 0.09 1.30 2980
-------------------------------------------------------------------------
Boss No. 10 Zone:
This zone consists of both an Upper and Lower adit separated by a vertical
interval of 8m. Mapping of the underground workings has been completed.
Limited sampling of this zone has yielded the results listed below in Table-3:
Table-3: Summary of Analytical Results - Boss No.10 Zone
-------------------------------------------------------------------------
gold silver cobalt
Boss No. 10 interval (m) copper (%) (g/t) (g/t) (ppm)
-------------------------------------------------------------------------
Upper portal 4.80 0.98 0.04 1.27 130
Lower Portal 18.50 1.40 0.40 5.08 361
-------------------------------------------------------------------------
The copper-gold-silver-cobalt values are distinctly less in the Upper Portal than in the Lower Portal possibly due to either leaching or post-mineralization faulting. The concentration of the metal values in the Lower Portal is consistent with some of the other zones of copper-gold mineralization sampled within the Boss project. A significant arsenic-bismuth-lead-zinc-nickel-stibnite geochemical signature occurs with the mineralization. Channel sampling results are shown in Table-4:
Table - 4: Channel Sample Results Boss No.10 Zone:
-------------------------------------------------------------------------
gold silver cobalt
Sample No. Interval (m) copper (%) (g/t) (g/t) (ppm)
-------------------------------------------------------------------------
CS-01-09 4.80 0.96 0.04 1.30 116
CS-02-09 1.70 1.06 0.03 1.20 172
CS-03-09 2.50 0.03 0.01 1.00 361
CS-04-09 3.50 0.86 0.27 2.90 337
CS-05-09 7.00 0.19 0.32 1.70 314
CS-06-09 5.50 4.18 0.85 13.60 485
CS-07-09 0.80 0.26 0.04 1.20 139
CS-08-09 0.40 2.01 0.25 5.30 606
CS-09-09 0.60 0.06 0.02 1.10 40
-------------------------------------------------------------------------
Future Plans:
Concurrent with Phase II of the diamond drilling planned for the Boss Extension, systematic sampling of the balance of the underground workings of the Copperside mine and the Boss No. 10 Zone is planned. Sampling of the Ironside Northeast zone, detailed prospecting, mapping and more systematic sampling of the large copper-gold bedrock anomalies is planned.
Sample Preparation and Analysis:
All channel samples were collected with a hammer and chisel and represent continuous sampling of the material within the sample interval. Sample weights ranged from 1.3 to 9.6 kilograms and sample intervals ranged from 0.4 to 7.0 metres. All samples were prepared 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 system complies with the requirements for the International Standards ISO 9001:2000 and ISO 17025:1999. Analytical accuracy and precision are monitored by the use of international and in-house standards.
Quality Control:
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 No.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 gold project located 110 kilometres 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) accept
responsibility for the adequacy or accuracy of this release.
Forward Looking Statements: This news release contains forward - looking information including but not limited to comments regarding the timing and content of upcoming work programs and geological interpretations. Forward - looking information includes disclosure regarding possible future events and therefore, involves inherent risks and uncertainties. For any forward looking information given, management has assumed that the analytical results it has received are reliable, and has applied geological 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, we claim the safe harbour for future.
Contacts
on Boxxer please visit our website at www.boxxergold.com or contact: Boxxer Gold Corp.
Elmer B. Stewart
President & Chief Executive Officer
Tel: (403) 264-4811
e-mail: elmerbstewart@hotmail.com
Boxxer Gold Corp.
Colin Christensen
Vice-President
Tel: (403) 264-4811
Fax: (403) 237-6292
e-mail: colin@boxxergold.com
CHF Investor Relations
Alison Tullis
Senior Account Manager
Tel: (416) 868-1079 ext. 233
Fax: (416) 868-6198
e-mail: alison@chfir.com |
