Boxxer Gold (BXX-V) 410m intersected visible occurrences of chalcopyrite mineralization from a core length of 22m to 410m.
Aug 18, '14 - NR
Boxxer Gold is pleased to provide an update on the diamond drilling program currently underway on the DOK copper-gold-molybdenum-silver project located in northwest BC. Continental Precious Minerals ("Continental") pursuant to an option agreement has the right to earn up to a 75% interest in the DOK Property if certain conditions are met (see Press Release on April 14, 2014). The diamond drilling program is currently underway. Highlight of the drilling program are set out below:Highlights:
Diamond drill hole (DDH) DOK-2014-01 with a core length of 410m intersected visible occurrences of chalcopyrite mineralization from a core length of 22m to 410m. Trace bornite is also reported to occur over a 23m section of the core. From a core length of 389m to 410m, chalcopyrite with trace molybdenite mineralization occurs to the end of the hole at 410m hosted in hydrothermal breccia. The reported mineralization remains open at depth.The mineralization observed in DDH DOK-2014-01 is hosted in alternating strongly potassic and phyllic altered volcanics of the Stuhini Group.DDH DOK-2014-02 is located approximately 400m along strike and 100m to the west of DOK 2014-01 is continuing to test the same target as DDH DOK-2014-01. This hole is expected to be drilled to a core length of a 500m. Final core length of the hole will be determined based on budget and weather conditions as well as the observation of the core from this hole.
Mr. Riley, President of Boxxer, stated that "The reported visible copper mineralization and strong potassic and phyllic alteration from this drill hole is encouraging. These combined with the large surface dimensions of the mineralization, alteration, geophysical signatures and historical exploration results are encouraging and suggest the presence of a porphyry copper system on the DOK project. The final assays for the samples from this drill hole will be required before any assessment of the significance of the reported mineralization in the drill hole can be completed".
The objectives of the current diamond drilling program are to test the large, strong and coincident multi-element geochemical anomaly, chargeability signature, and mineralized and altered volcanic host rocks that underlie the target area (see Press Release on April 14, 2014).
Diamond drill hole (DDH) DOK-2014-01 is a vertical, HQ diameter hole completed to a core length of 410m. This hole intersected variable concentrations of visible chalcopyrite (and malachite) with several occurrences of bornite and molybdenite from a core depth of 22m to the end of the drill hole at a core length of 410m. The chalcopyrite mineralization occurs as disseminations and in thin veinlets and in thin quartz veinlets in variably potassic and phyllic altered volcanic rocks. Abundant gypsum veining was also noted throughout the drill hole. Several late granodioritic/dioritic dykes have also been observed in the core. The reported molybdenite occurs in a hydrothermal breccia that occurs from a core length of 389m to the end of the hole at a core length of 410m.
The reader is cautioned that visible chalcopyrite and molybdenite mineralization does not necessarily equate to significant concentrations of either copper or molybdenum and there is no assurance that the assay results of the samples from this drill hole will yield significant copper or molybdenum grades.
Elmer B. Stewart, MSc. P. Geol., COO 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.
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