SOURCE: BOXXER GOLD CORP.

Boxxer Gold Corp.

September 17, 2014 08:56 ET

Boxxer Announces Update on DOK Drilling Program

CALGARY, AB--(Marketwired - September 17, 2014) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Boxxer Gold Corp. (TSX VENTURE: BXX) (PINKSHEETS: BXXRF) (the "Company", or "Boxxer") is pleased to provide an update on the second diamond drill hole completed 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 2014 diamond drilling program consisting of 2 holes totalling 834.9m has been completed. Highlights of the second diamond drill hole (DDH) DOK-2014-02 are set out below:

Highlights:

  • Diamond drill hole (DDH) DOK-2104-02, with a core length of 424.9m, intersected visible occurrences of chalcopyrite mineralization from a core depth of 36.6m to 389.5m.
  • Trace bornite was noted to occur in the core from 57.3m to 110.3m and from 389.5m to 424.9m (end of hole).
  • The mineralization observed in DDH DOK-2014-02 is hosted in alternating strongly potassic and phyllic altered volcanics of the Stuhini Group and multiple quartz monzonite intrusives.
  • Hydrothermal biotite and gypsum veining as well as disseminated and fracture controlled pyrite and magnetite occur in variable concentration throughout the core, and
  • Assays for the drill core from DDH DOK-2014-01are expected to be received within the next few weeks.

Mr. Riley, President of Boxxer stated that "The reported visible copper mineralization hosted in strong potassic and phyllic alteration from this drill hole is encouraging as it suggests continuity to the mineralization and alteration observed in DDH DOK-2014-01 (see Press Release on August 18, 2014). The location of the DOK property between the large copper deposits to the south and the active exploration currently underway north of the Stikine River combined with the large dimensions of the surface mineralization, geochemistry, alteration, and geophysical signatures support the presence of a porphyry copper system on the DOK project. The assays for the core samples from the two drill holes will be required before any assessment of the significance of the reported mineralization in both drill holes can be completed."

DDH DOK-2014-02 was designed to test a >10 mRad portion of a chargeability signature outlined by a Quantec Titan-24 DCIP-MT geophysical survey completed in 2012. DDH DOK-2014-01 tested the >20 mRad portion of the same chargeability signature approximately 400m along strike.

Drill hole DDH DOK-2014-02 was an inclined, HQ diameter hole completed to a core length of 424.9m, and intersected variable concentrations of visible chalcopyrite (and malachite) with two intervals containing trace bornite mineralization. The copper mineralization occurs as disseminations and in thin veinlets in variably potassic and phyllic altered volcanic rocks and quartz monzonite intrusives.

Abundant gypsum as well as hydrothermal biotite veining and matrix-replacement occurs in several sections of the core. Variable concentrations of pyrite and magnetite were also noted throughout the drill hole. Several late dioritic dykes and a thin hydrothermal breccia were intersected by the drill hole.

The reader is cautioned that visible chalcopyrite and bornite mineralization does not necessarily equate to significant concentrations of copper and there is no assurance that the assay results of the samples from this drill hole will yield significant copper 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.

About Boxxer Gold Corp.

Boxxer is a Canadian junior resource company involved in the exploration for large poly metallic copper deposits in North America. Boxxer's active projects include the Boss and Buena Vista copper projects in the state of Nevada, the Empire copper-gold-silver property in Idaho, the DOK copper-gold porphyry property in Northwest B.C., and the East Breccia copper-silver-molybdenum property in Ontario. Boxxer also has the Gordon Lake gold project located 110 kilometres north of Yellowknife NWT, Canada.

Neither the 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 Information: 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. In particular, this news release contains forward-looking information regarding: the observations made on drill core from the diamond drilling program on the DOK project. There can be no assurance that such forward-looking information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such forward-looking information. In the forward looking information contained in this news release, Boxxer has made numerous assumptions, based upon practices and methodologies which are consistent with the mineral industry. While, Boxxer considers these assumptions to be reasonable, these assumptions are inherently subject to significant uncertainties and contingencies. Additionally, there are known and unknown risk factors which could cause Boxxer's observations, actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein. Known risk factors include, among others: the possibility that the analytical results from the core sampling does not return significant grades of copper; uncertainties relating to interpretation of drill results and the geology; continuity and grade of mineralization; and uncertainty as to the availability and terms of future financing; uncertainty as to timely availability of permits and other governmental approvals; Boxxer may not be able to comply with its ongoing obligations regarding the DOK Property;

A description of additional assumptions and risk factors used to develop such forward-looking information that may cause actual results to differ materially from forward-looking information can be found in Boxxer's disclosure documents on the SEDAR website at www.sedar.com. Although Boxxer has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. Boxxer does not undertake to update any forward-looking information except in accordance with applicable securities laws.

Contact Information

  • For more information on Boxxer please visit our website at www.boxxergold.com or contact Boxxer Gold Corp.

    Jason Riley
    403-264-4811
    President and Chief Executive Officer
    Email: jason@boxxergold.com