Vancouver — Sampling and trenching by
The wholly owned project is 140 km west of Las Vegas, in the Goodsprings mining district of Clark Cty. Included in the land package are 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 chip samples collected over a small cut south of the Keystone mine workings and along the Keystone Thrust fault system.
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 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, notably from Trench B, where assays of up to 151 grams gold were reported.
Encouraged, Boxxer has added 8 hectares 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 return royalty (NSR), by a series of annual lease payments totalling US$40,000. Boxxer can buy the NSR for US$500,000.
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