Boxxer encouraged by discovery at Boss

Vancouver — Recent sampling and trenching by Boxxer Gold (BXX-V) have generated a new gold discovery at the Boss property in southern Nevada.

The wholly owned project is situated about 90 miles west of Las Vegas, in the Goodsprings mining district of Clark County. The land package includes past-producing mines, such as Keystone where historic grades of 1 oz. gold per ton were reportedly mined. The known mines and mineralization are hosted by a major regional-scale structure known as the Keystone thrust fault.

Boxxer’s recent program was aimed at following up gold values of up to 12.5 grams gold per tonne (with anomalous arsenic concentrations) over 1.3 metres in rock-chip samples collected over a small cut south of the Keystone mine workings and along the Keystone Thrust fault system.

Boxxer notes that this work outlined a significant zone of gold mineralization in argillic-altered syenite porphyry. Assays of 1.85 grams gold per tonne over 24.8 metres were returned from the rock-chip and trenching program.

The company says the known lithology, structural setting and geochemical signatures associated with the gold mineralization indicate potential for the discovery of a bulk-minable gold deposit.

Some higher-grade samples were also reported from the recent program, notably from Trench B, where assays of up to 151 grams gold were reported.

Encouraged by the early-stage results, Boxxer added 20 acres to the Boss property by signing a 15-year lease agreement with the owners of the adjacent Yellowhorse claims. These claims can be acquired, subject to a 5% net smelter royalty, by a series of annual lease payments totaling US$40,000. Boxxer can buy the NSR for US$500,000.