March 22, 2011
Boxxer Gold Corp. (OTC Other: BXXRF; TSX-V: BXX) has intersected six intervals of visible oxide copper mineralization in drill hole DDH-05-2011, including three intervals of very fine-grained dark grey metallic sulphide mineralization. In addition, a recently completed QEMSCAN study shows that (i) both the porphyritic and basic intrusive rocks are slightly mineralized and exhibit extensive carbonatisation, seriticitisation, and kaolinisation and (ii) many of the marble samples contain significant copper (and locally cobalt) mineralization as well as trace phases including mercury silver sulphides, silver tellurides and gold.
Let’s face it, these results are encouraging in that drill hole DDH-05-2011 contains the most mineralization and alteration encountered to date in the current drill program. To this end and according to Elmer B. Stewart, the Company’s President and CEO, “The widespread alteration and multiple intervals of visible oxide copper mineralization intersected in DDH-05-2011 compared to DDH-04-2011 would suggest a source of the copper to the north toward a coincident chargeability and MT anomaly which is interpreted to represent an intrusive. The intersection of porphyritic dikes and multiple intervals of visible copper in DDH-04-2011 and DDH-05-2011 supports the potential for Boxxer’s exploration target* on the Boss project of a porphyry copper-gold deposit that ranges from 500 to 800 million tonnes grading from 0.7% to 1.0% copper and from 0.2 g/t and 0.4 g/t gold.”
Yes, drill hole DDH-05-2011 contained the most mineralization to date, but the drill program is far from finished. As you read this, drill hole DDH-06-2011 is underway, the purpose of which is to better define three interpreted intrusives located west of the visible oxide copper mineralization intersected in DDH-05-2011. As a result, look for additional positive results as the Company continues to implement its 2011 drill program.
March 1, 2011
Boxxer Gold Corp. (OTC Other: BXXRF; TSX-V: BXX) has engaged Quantec Geosciences to conduct 23 line kilometres of TITAN-24 DCIP and MT Deep Imaging Surveys on the Company’s 100% owned Boss Project, the purpose of which is to:
- Survey the western extension of the IP anomaly identified in 2010 that coincides with a magnetic anomaly and area of conductivity. This anomaly is currently being diamond drilled by DDH-05-2011. This area also covers the western extension of the former Boss copper mine and Boss Extension skarn;
- Explore the area from the current drill location east including the 200 m by 250 m high-grade zinc-lead-silver Breccia zone, the former Oro Amigo copper mine and associated copper-gold-silver-PGM mineralized jasperoids; and
- Test a significant portion of the Keystone Thrust Fault located east of the Oro Amigo mine.
February 23, 2011
Boxxer Gold Corp. (OTC Other: BXXRF; TSX-V: BXX) has completed a Titan-24 survey at Buena Vista, which identified: (i) 18 targets in two large areas stemming from IP anomalies and (ii) a large circular feature outlined in large mineralized iron-carbonate alteration zone. Of the 18 targets, four are first priority, three are second priorty, and 11 are third priority and only half of the property has been surveyed to this point.
At Gordon Lake, a geophysical survey has commenced. The survey is expected to take several weeks covering 17 zones of gold mineralization previously defined at the project.
Boxxer is “steady as she goes” at this point, advancing the Company as previously outlined. And while the Company is doing its job, we posted earlier today a copper-related article entitled High Copper Prices Make Canadian Copper Juniors Attractive Targets, which futher spotlights Boxxer’s advantages.
February 23, 2011
BANGALORE/TORONTO (Reuters) – A record run for copper prices, fuelled by Chinese industrial demand, has the world’s most prolific copper producers shopping for smaller miners capable of boosting their output almost immediately.
Dozens of Canadian-based juniors have the potential to become prime targets. The strongest candidates already have operating mines with healthy growth profiles, and their share prices are undervalued, analysts say.
The drive to acquire is especially urgent because the output at some of the world’s top producers is falling. Rio Tinto (RIO.L: Quote) sees copper demand doubling in the next 15 to 20 years but the Anglo-Australian mining giant experienced a 16 percent drop in mined production last year.
February 15, 2011
Elmer B. Stewart, President and CEO of Boxxer Gold (OTC Other: BXXRF; TSX-V: BXX), discusses the Company’s Boss and Crescent Peak properties and expectations for the next six to twelve months. This interview can be seen by clicking on the picture below.
February 14, 2011
Boxxer Gold (OTC Other: BXXRF; TSX-V: BXX) has completed four drill holes at its 100% owned Boss property, highlights of which include the following:
- Four multi-element zones of anomalous copper-gold-silver-lead-zinc-arsenic-bismuth in drill holes DDH-02-2010 and DDH-03-2010;
- Concentrations of elements within these anomalous zones significantly exceed concentrations found in unaltered rock, which demonstrates the widespread and multiple nature of the mineralizing processes that have taken place at the Boss project;
- 0.32 g/t gold and 7.80 g/t silver over a core interval of 11.2 metres (m) including 0.71 g/t gold and 18.0 g/t silver over 3.2m, in DDH-02-2010;
- Visible fracture controlled and disseminated malachite and azurite (both copper oxide minerals) and fracture controlled pyrite mineralization over core intervals of 13m and 6.7m in DDH-04-2010, assays pending.
According to Elmer B. Stewart, President and CEO of Boxxer Gold, “I am very pleased with the drilling results at the Boss project as we continue to develop the copper porphyry model for the property. The thick, multiple element geochemical anomalies as well as the visible copper mineralization related to porphyritic dikes in DDH-04-2011 suggest several mineralizing events. The concentration of the copper mineralization in DDH-04-2011 has yet to be confirmed by assays but clearly indicate that copper-bearing solution circulated through the rocks. Assay results used to guide the future direction of our drilling program are taking much longer than usual to receive.”
February 3, 2011
Newmont Mining to acquire Fronteer Gold, in a part cash and part stock transaction, valued at approximately $2.3 billion. Fronteer is a gold exploration company whose flagship project is located in Nevada.
Companies participating in gold exploration in Nevada include: