BOXXER GOLD CORP.
TSX VENTURE : BXX

BOXXER GOLD CORP.

March 23, 2006 09:00 ET

Boxxer Locates Additional High Grade Copper Mineralization at Boss

CALGARY, ALBERTA--(CCNMatthews - March 23, 2006) - Boxxer Gold Corp. (TSX VENTURE:BXX) announces that a recently completed mapping and sampling program has located additional high-grade copper mineralization in the Boss#2 area of the property (see February 3 news release). The Boss property is located in Clark County, Nevada, approximately 90 kms west of Las Vegas.

Ten representative chip/channel samples were taken from the Boss # 2 zone. This zone is an extensive series of underground workings and has the following minimum dimension that is 350 feet long, 70 feet wide and has a vertical height of up to 20 feet. Assay results from the Boss #2 zone are:



Boss#2 Workings

Sample Interval Cu Au Pt Pd Ag
---------------------------------------------------
Number (ft) % g/t g/t g/t g/t
---------------------------------------------------
40601 4 5.24 0.931 0.033 0.161 5.9
40602 3 1.46 0.33 0.248 0.283 2.4
40603 4 3.21 1.79 0.021 0.128 13.2
40604 6 5.08 0.965 0.052 0.095 11.1
40605 6 3.00 1.015 2.96 4.42 15.1
40606 5 3.11 0.201 0.036 0.067 7.5
40607 4.5 1.48 0.265 0.033 0.049 2.8
40608 5 0.04 0.023 0.012 0.032 0.4
40609 4.5 3.48 0.912 0.009 0.031 6.5
less than less than
40610 4.5 0.006 0.007 0.005 0.002 0.2


Channel sampling from other mineral showings in the area around the Boss #2 area returned the following results:



Sample Interval Cu Au Pt Pd Ag
---------------------------------------------------
Number (ft) % g/t g/t g/t g/t
---------------------------------------------------
Showing #1
40612 8 4.62 0.263 0.005 0.028 8.3
less than
40613 5.5 0.68 0.086 0.005 0.004 4.7
40614 4 0.65 0.072 0.012 0.016 3.3
Showing #2
less than
40615 3 0.45% 0.235 0.005 0.016 1.2
Showing #3
40616 4 3.93% 0.278 0.014 0.027 7.2
Showing #4
less than
40617 3.5 0.41 0.117 0.005 0.015 0.9
less than
40618 5 2.08 0.412 0.005 0.015 5.5
less than
40619 1.5 0.04 0.01 0.005 0.003 0.4
40620 5 0.28 0.051 0.021 0.022 1.4
Showing #5
less than
40621 9 0.13 0.628 0.005 0.009 1.10
less than
40622 3 0.14 0.08 0.005 0.007 0.5


Summary of Results

These chip-channel samples were collected from a cluster of 6 showings located approximately 1,500 feet east of the original Boss mine, and 300 feet east of the Boss Extension showings. The showings consist of strongly oxidized, massive to semi-massive limonite - malachite replacement bodies and vein stockworks. Widespread fracture-controlled malachite and limonite staining containing significant copper-gold-silver values (e.g. sample 40614) with low but important platinum-palladium values occur in a dolomite alteration halo. This area of the property is considered a prime exploration target.

To date, at least eleven Cu-Au-Pt-Pd-Ag showings have been identified in the dolomite alteration halo that covers an area of approximately 2600 feet long and 700-1000 feet wide. Similar style mineralization occurs in the Ironside and Oro Amigo zones, located approximately 4,300 feet and 9,300 feet, respectively to the northeast. Geological evidence appears to support the concept that the Oro Amigo and Ironside areas could be part of the same hydrothermal system that hosts the Boss and Boss#2 occurrences.

Geological/Geophysical Interpretation

A magnetic survey conducted in 2004 partially defined a 4,000 foot diameter, donut -shaped (annular) magnetic anomaly that extends under the copper-gold showings, Boss#2 and the Boss zone. Potential for a deep porphyry system in this area is supported by the annular magnetic anomaly and the presence of argillically altered quartz-feldspar porphyry (QFP), by a very thin (1" - 3") copper mineralized felsic dike in the area, and by the dolomite alteration halo that could be interpreted as a thermal contact metamorphic effect (marblization) generated by an intrusion.

Exploration Model:

The intrusion (porphyry)-related carbonate replacement exploration model for the Boss property is based on the many similarities to the Robinson mining district at Ely Nevada. From 1908 to 1963 this district was reported to have mined 255 million tonnes of material from stockwork porphyry copper deposits with an average grade of 0.80% copper, 0.24 g/t gold, 0.003 g/t platinum and 0.01 g/t palladium.

Exploration Program:

Detailed surface mapping, rock chip sampling, and a magnetic survey are planned through area of the property.

Sample Preparation and Analysis:

All samples were prepared at the ALS Chemex laboratory in Elko Nevada. Prepared sample pulps for the rock samples were shipped to ALS Chemex in Vancouver, British Columbia for geochemical analysis (atomic absorption and ICP-AES methods). ALS Chemex's quality system complies with the requirements for the International Standards ISO9001:2000 and ISO 17025:1999. Analytical accuracy and precision are monitored by the use of international and in-house standards. Submittal of blanks along with the collected rock chip samples was done on a routine basis by Boxxer as an additional quality control measure.

Mr. Theodore A. DeMatties is an independent geologist consulting to Boxxer and is the Qualified Person who has reviewed and verified the technical information detailed in this release.

If you wish to receive company press releases via email, please advise Alison Tullis at alison@chfir.com

FORWARD-LOOKING STATEMENTS: Except for statements of historical fact, all statements in this news release - including, without limitation, statements regarding production estimates and future plans and objectives of Boxxer - are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from those anticipated in such statements.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Boxxer Gold Corp.
    Colin Christensen
    President
    (403) 410-1303
    (403) 266-4124 (FAX)
    Email: colin@boxxergold.com
    or
    Cavalcanti Hume Funfer Inc., Investor Relations
    Cathy Hume
    CEO
    (416) 868-1079, Ext 23
    Email: cathy@chfir.com
    or
    Cavalcanti Hume Funfer Inc., Investor Relations
    Linda Armstrong
    Vice President
    (416) 868-1079, Ext 229
    Email: linda@chfir.com
    Website: www.chfir.com