February 03, 2006 09:15 ET

Boxxer Locates New High Grade Copper-Gold Mineralization

CALGARY, ALBERTA--(CCNMatthews - Feb. 3, 2006) - Boxxer Gold Corp. (TSX VENTURE:BXX) announces that a recently completed reconnaissance sampling program has located new zones of high-grade copper-gold mineralization. These zones are referred to as the Boss #2 zone. The Boss property is located in Clark County, Nevada, approximately 90 kms west of Las Vegas.

Analytical results for five representative samples taken from the new zones are:

Sample Sample Cu Au Pt Pd Ag
ID Type Rock Description % ppm ppm ppm ppm

grab in dolomite
B2-01-06 stope alteration. 1.62% 0.060 0.008 0.021 3.9

grab in Strongly oxidized
B2-02-06 stope hematitic gossan. 2.11% 0.936 0.026 0.070 5.5

area gossan & dolomite
B2-03-06 chip alteration. 4.50% 7.180 0.229 0.290 20.3

Fe-Cu stained
area dolomite
B2-04-06 chip alteration. 4.10% 0.917 0.092 0.136 8.7

area Weakly Cu-stained,
B2-05-06 chip hematitic gossan. 0.37% 2.370 0.014 0.010 1.6

The above samples were collected from specific locations within an area that measures approximately 1500 feet long a width of 1,000 feet and a vertical extent of 450 feet. Sample # B2-01-06 and B2-02-06 were collected in an adit containing extensive copper oxide mineralization over a minimum vertical interval of approximately 160 feet. Sample # B2-03-06 was collected from an adit located approximately 160 feet above samples B2-01-06 and B2-02-06. The positions of these adits suggest these samples are from the same zone of mineralization. Sample # B2-04-06 collected from a weakly copper stained outcrop at the same elevation and approximately 400 feet north of sample B2-03-06 also contained 0.62% cobalt. Sample # B2-05-06 was collected from an adit located in the valley floor approximately 450 feet below the above noted samples.

From a compilation of all the sampling data in the area known as the Boss Mine, the Boss Mine Extension and Boss #2, it now appears that they all could be interpreted to be part of the same zone of mineralization, which suggest it occurs over a strike distance of 2,600 feet, over a minimum width of 700 feet and over a vertical interval of 450 feet. This same style of mineralization also occurs in the Ironside and Oro Amigo zones, located approximately 4,300 feet and 9,300 feet, respectively, northeast of the Boss zone of mineralization. All this ground is covered within the 149 unpatented claims or under terms of lease agreements with patented claim owners in the district.

Exploration Model:

The exploration model for the Boss property is based on the many similarities to the Robinson Mining District at Ely Nevada where from 1908 to 1963 is reported to have mined 255 million tonnes of material at average grade of 0.8% Cu. The mineralization in the Robinson Mining District also is reported to have contained gold and silver along with anomalous concentrations of Pt-Pd-Ni-Co.

Exploration Program:

Detailed chip/channel sampling of the above noted adits, mapping and prospecting of the Boss #2 zone is expected to commence by mid-February. A trenching and channel sampling program is also planned for the Yellowhorse zone located along the Keystone thrust fault to follow-up previously announced trenching results of 1.85 ppm gold over an interval of 81.5 feet. The trenching will test the mineralized and altered syenite intrusion along its strike and the footwall contact to further explore rock chip samples that returned up to 3.75 ppm gold in Goodsprings dolostone. Based on results a follow-up drilling program would be designed to test these targets.

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.

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.

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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.

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Contact Information

  • Boxxer Gold Corp.
    Colin Christensen
    (403) 410-1303
    (403) 266-4124 (FAX)
    Cavalcanti Hume Funfer Inc. - Investor Relations
    Cathy Hume
    (416) 868-1079, Ext 23
    Cavalcanti Hume Funfer Inc. - Investor Relations
    Linda Armstrong
    Vice President
    (416) 868-1079, Ext 229