Boxxer Gold Corp. (BXX.V) has hit a year low 3.5 cents after it
announced the recommendations of an independent National Instrument
43-101 Technical Report, Standards of Disclosure for Mineral
Projects, on its 100% owned Buena Vista copper project, located in
Churchill County, North Central Nevada.
The stratigraphic, structural, geophysical and geochemical
features of the Buena Vista property suggest that it has excellent
potential to host iron-oxide-copper-gold (IOCG-style)
The encouraging results from Boxxer's 2006/07 & 2012
exploration and from the geophysical anomalies indicated in 2010,
continued surface exploration is warranted for Phase I.
Trenching is recommended for the more significant mineralized
exposures (e.g., the CS series of occurrences, and the 2006
rock-sample sites). Phase I is budgeted at US $178,000.
Phase II will follow Phase I, with up to 1,500 meters (15,000
ft) of core drilling, evidently contingent upon results from Phase
I. The objective of the drilling program will be to test the
lateral and depth continuity of the geological and geophysical
targets deemed to be of highest priority by Phase I. Of particular
interest will be the IP1, MT2-MT3, IP4/MT5 and the IP6/MT6
anomalies. A budget of US $857,000 is recommended to complete this
second phase of exploration.
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