CALGARY,
Jan. 6, 2014 /CNW/ - Boxxer Gold
Corp. (BXX-TSXV/OTC-BXXRF)) ("Boxxer or the Company") is
pleased to announce that it has completed a National Instrument
43-101 Technical Report on its Empire Mine copper-gold porphyry
project located in the Alder Creek Mining District near
Mackay, Idaho (for more detailed
information on Empire Mine Project, see news release dated
July 4, 2013). The Technical Report
is titled "Geological Assessment and Exploration Proposal
(2014/2015) for the Empire Mine Project, Alder Creek Mining
District", Custer County, Idaho,
U.S.A. The Technical Report dated December 15, 2013 was prepared by Mr. P. Van
Angren, P. Geol., and will be filed on SEDAR before January 15, 2014.
The Empire Mine property, a former
copper-gold-silver producer, consists of 23 patented mineral
claims, 21 unpatented mineral claims and five unpatented mill-site
claims covering a contiguous 301 hectares (743.7 acres).
The Empire Mine is reported to have produced
694,000 tonnes grading 3.64% copper, 1.65 g/t gold and 53.9 g/t
silver from underground workings during the period 1901 to
1942. The property is classified as a polymetallic copper
skarn. Previous exploration has encountered oxide and sulphide
copper mineralization over a strike length of 1,200m which ranged
from 6 to 70m thick, and to a depth in excess of 300m. A total of
258 drill holes (core and reverse circulation), of which 196 are
located within the AP pit area, have been completed on the
Property.
Boxxer's President and CEO, Elmer B. Stewart, explained; "We are very
pleased that the recently completed independent Technical Report
recommends additional metallurgical testwork and a preliminary
resource-modelling study aimed at generating a NI 43-101 current
mineral resource estimate for the Empire Mine Project. These
recommendations combined with the positive results of the recent
metallurgical testwork suggest the advanced nature of this
project".
Excerpts from Technical Report:
- "Preliminary column leach tests have shown very encouraging
acid-leachable copper-recovery results."
- "Cambior's assessment of this project, further supported by
third party engineers and by current drill data analysis, makes
this property attractive for the potential development of its
near-surface acid-leachable oxide copper mineralization".
- "The underlying higher grade sulphide zone, which defines the
historical Empire Mine, remains virtually unexplored".
- "Potential exists on the property to improve the current
near-surface historical resource, and to discover additional base
and precious metal mineralization".
Proposed Additional Work:
Phase I exploration is estimated to cost $200,000 and would entail the initiation of
preliminary resource-modelling study aimed at generating a NI
43-101 current mineral resource estimate for the oxide and sulphide
portions of the skarn mineralization at the Empire Mine. Phase I
would also include on-going metallurgical testwork on the oxide
portion of the property. Contingent on the preliminary resource
modelling, four RC holes (450 metres) may be needed in order to
obtain a complete picture of the distribution of oxide
mineralization in the AP Pit.
Phase II is estimated to cost $1,025,000 and would consist of 20 reverse
circulation ("RC") holes (2,700m) in the central & north
portions of mineralized skarn, along with two core holes (900m)) on
the deeper workings of the Empire Mine as well as compilation of
underground data to optimize drill hole positioning and geometry of
the mineralized zone.
About Boxxer Gold Corp.
Boxxer is a Canadian junior resource company involved in the
exploration of the Boss and Buena Vista copper projects in the
state of Nevada, the Empire Mine
copper-gold-silver project 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.
Elmer B. Stewart,
MSc. P. Geol., President of Boxxer Gold, is the Company'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.
Neither 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 Statements: 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. There can be no assurance
that such information will prove to be accurate, and actual results
and future events could differ materially from those anticipated in
such information. There is no certainty that additional
metallurgical testwork would improve metal recoveries, there is no
certainty that a mineral resource exists on the Property or that
additional exploration on the Empire Mine project would locate or
extend the dimensions of the known zones of copper mineralization
or that additional mineralization would be found. For any
forward-looking information given, Management has assumed that the
results it has received and the interpretation thereof are
reliable, and has applied geological and geophysical interpretation
methodologies which are consistent with industry standards.
Although Management has a reasonable basis for the conclusions
drawn, actual results may differ materially from those currently
anticipated in such statements. A description of assumptions used
to develop such forward-looking information and a description of
risk factors 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. Boxxer does not undertake to update any
forward-looking information except in accordance with applicable
securities laws.
SOURCE Boxxer Gold Corp.