UPDATE: Boxxer Gold Corp. Hits Yr Lows As Provides Update on Buena Vista Project

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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.

Highlights:

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) mineralization.

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.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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This article appears in: Investing , Commodities

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