ExGen Resources Inc

Published : February 23rd, 2011

Announces Titan-24 Survey Identifies Numerous Geophysical Targets At Buena Vista:

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Barite |

BOXXER GOLD ANNOUNCES TITAN-24 SURVEY IDENTIFIES NUMEROUS GEOPHYSICAL TARGETS AT BUENA VISTA: ADDITIONAL WORK UNDERWAY AT GORDON LAKE GOLD PROJECT

Calgary, Alberta: Boxxer Gold Corp. (TSX-V:BXX/OTC Other:BXXRF)  (�Boxxer� or the �Corporation�) is very pleased to announce the results of the Quantec Titan-24 DCIP & MT survey completed on the Buena Vista copper project located in west-central Nevada, and new exploration activity is underway at the Gordon Lake gold project.    

HIGHLIGHTS:

  • Two large areas of Induced Polarization anomalies (18 targets) outlined at Buena Vista,
  • Large circular feature outlined in large mineralized iron-carbonate alteration zone at Buena Vista; and
  • Ohm Mapper geophysical survey underway on Gordon Lake gold project.

Boxxer�s President and CEO, Elmer B. Stewart, explained, �The Titan-24 survey has produced considerable insight as to the possible control on the high-grade copper mineralization previously outlined on the Buena Vista property. Eight circular shaped chargeability anomalies suggest a series of breccia pipes as possible feeders to the copper mineralization on surface.  In addition, the geophysical program at Gordon Lake is designed to map the silicification in the area of previously identified high-grade gold mineralization outlined in December 2010 and along the 7 kilometre long shear zone that hosts 17 other zones of gold mineralization, most notably the South, Syn, and Union Zones. The Gordon Lake property is currently being explored under the terms of an Option Agreement with Champlain Resources Ltd. (�Champlain � TSX-V:CPL�) whereby Champlain can earn a 55% interest in the project by spending $2mm over a period of three years.

Buena Vista Project:
The DCIP & MT survey located a total of 18 targets including i) four first priority targets (high chargeability and low resistivity), ii) three second priority targets (high chargeability, low resistivity and variable MT resistivity), and iii)  11 third priority (weak to strong chargeability and low to moderate resistivity).  Only half of the property has been surveyed with the Quantec system at this point.

First Target:
The first area of chargeability (1,000m by 600m) is located at the south part of the project and correlates well with the DC and MT resistivity results. This zone is interpreted to be an alteration zone that dips to the north.

Second Target:
The second area of chargeability (1,500m by 800m) is located at the north end of the survey area and can be mapped from a depth of 100m to 500m with chargeability increasing with depth.  This zone is also interpreted to be an alteration zone.

Iron Carbonate Alteration Zone:
The Titan-24 survey has mapped a circular feature (500m by 400m) of higher chargeability located within a large (3,000m by 1,000m) iron carbonate alteration zone.  The circular feature is located below the numerous zones of copper mineralization exposed on surface.  The Titan-24 survey also shows that the copper showings outside the circular structure are controlled by northwest trending faults. The table below shows the copper and gold grades of the various materials sampled within the circular feature and from the structural controlled mineralization within the large iron carbonate alteration zone.  These results have been set out in previous news releases and are provided to show the reader the range of materials sampled and copper and gold values on the Buena Vista project.

Sample No.

Type

Sample Description

copper (ppm)

copper (%)

gold (g/t)

49702

area chip

 Barite-quartz-iron-carb-hematite vein w/ local pyrite (1%).

439

0.044

0.001

49707

area chip

Strongly iron-carb-albite-hem altered, less than 10% malachite.

36,300

3.630

<0.001

49709

area chip

Strongly altered & gossanous volcanic, silica-lined boxwork.

5,850

0.585

1.51

49710

grab

Hematitic gossan rubble less than 5%-10% specular hematite.

1,400

0.140

0.007

49711

area chip

Massive siliceous hematitic gossan, fine grained specular hematite.  

404

0.040

0.008

49712

1' chip

Fe-carb-albite-hematite altered, less than 10% malachite.

36,700

3.670

0.004

49713

area chip

Silicious hematitic gossan.

805

0.080

0.003

49714

grab

Malachite-stained, altered volcanic rubble.

90,000

9.000

<0.001

49716

1' chip

Strong Fe-carb-albite-hem alteration, 1%-2% malachite.

2,900

2.900

0.003

49717

1'chip

Massive Fe-carb-albite-hem alteration, 2%-3% malachite.

5,020

0.502

<0.001

49719

1'chip

Massive Fe-carb-albite-hem alteration; barite veinlets locally.

21

0.002

<0.001

49720

area chip

Massive alteration, 5-10% malachite and 10% oxidized copper minerals.

156,000

15.600

0.823

49721

area chip

Massive Fe-carb-albite-hem alteration, 5%-10% malachite.

109,000

10.900

1.175

Note:  ppm is parts per million, all samples over 10,000 ppm copper were assayed


Gordon Lake Project:
The Ohm Mapper geophysical survey has commenced, and is designed to follow-up the previously announced gold values (see news release dated, December 9th, 2010) associated with extensive, widespread silicification (essentially silicified shear zones). The survey is expected to take several weeks and will be completed between the Syn Zone and the mafic volcanics to the north, a distance of approximately 7 kilometres, and will cover the 17 zones of gold mineralization previously defined within the Gordon Lake project.

Future Plans:
Work on the Crescent Peak gold-silver project is expected to commence in late February and will consist of outcrop sampling and mapping to better determine the extent and distribution of the gold-silver mineralization exposed in an interpreted silica sinter.  

Boxxer also plans to complete a trenching and mapping program at the Buena Vista project to determine the actual dimensions and average grades of the copper mineralization exposed on surface within the large iron carbonate alteration zone.  This work will be focused on determining the relationship between the IP anomalies and the large mineralized alteration zone.  Completion of this program is contingent upon receipt of approval from the BLM.

Additional work at Gordon Lake will be finalized on receipt of the results and interpretation of the Ohm Mapper survey.

Elmer B. Stewart, MSc. P. Geol., President of Boxxer, is the Corporation�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.

About Boxxer Gold Corp.
Boxxer Gold is a Canadian junior resource company involved in the exploration of three copper projects in the state of Nevada, and a shear hosted gold project located 110 kilometres north of Yellowknife NWT, Canada.

For more information on Boxxer please visit our website at www.boxxergold.com or contact:

Boxxer Gold Corp

Boxxer Gold Corp

Elmer B. Stewart

John L. Maslanyk

President & Chief Executive Officer

Vice President & Chief Information Officer

Tel: 1-403-264-4811

Tel: 1-403-804-2251

Cel: 1-403-680-9584

Toll Free:1-888-479-3596

e-mail: elmerbstewart@hotmail.com

e-mail:jmaslanyk@yahoo.ca

 

 

CHF Investor Relations

Torrey Hills Capital 

Jeanny So

James Macdonald

Senior Account Manager

Senior Account Manager

Tel: 1-416-868-1079 ext. 233

Tel: 1-858-456-7300

Fax: 1-416-868-6198

Fax: 1-858-481-4306

e-mail: alison@chfir.com

e-mail: jmacdonald@torreyhillscapital.com

 

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, is 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 the recently identified geophysical targets are meaningful or could represent significant copper style mineralization.  There is no certainty that the chargeability anomalies on the Buena Vista project or that the proposed trenching program will located significant copper mineralization. There is no certainity that the Ohm Mapper survey at Gordon Lake will identify areas of either silicification or significant god mineralization.  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. For such statements, the Corporation claim safe harbour for future releases. 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 the Corporation�s disclosure documents on the SEDAR website at www.sedar.com.  The Corporation does not undertake to update any forward-looking information except in accordance with applicable securities laws.

http://dissemination.blendermedia.com:81/db/69267/694027/1.gif

ExGen Resources Inc

EXPLORATION STAGE
CODE : EXG.V
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

ExGen Resources is a gold exploration company based in Canada.

ExGen Resources holds various exploration projects in Canada.

Its main exploration properties are GORDON LAKE, BUENA VISTA, BOSS and BOYER RANCH in Canada.

ExGen Resources is listed in Canada and in United States of America. Its market capitalisation is CA$ 26.0 millions as of today (US$ 18.1 millions, € 16.3 millions).

Its stock quote reached its lowest recent point on June 26, 2020 at CA$ 0.01, and its highest recent level on September 30, 2022 at CA$ 0.20.

ExGen Resources has 324 380 000 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Annual reports of ExGen Resources Inc
Annual Report 2007
Financings of ExGen Resources Inc
4/19/2010Closes $1,100,000 Private Placement
Project news of ExGen Resources Inc
2/23/2011(Buena Vista)Announces Titan-24 Survey Identifies Numerous Geophysical Ta...
2/21/2011(Boss)Boxxer Intersects Gold-Silver At Boss Project
4/15/2010(Boss)Outlines Multiple Strong Targets on Boss And Crystal Pass Us...
Corporate news of ExGen Resources Inc
12/2/2013announces update on corporate activities
1/18/2013Evening Presentation for Boxxer Gold Corp. Jan 24 th
10/1/2012TITAN-24 Shows Strong Chargeability Associated With Large Co...
9/18/2012confirms significant copper-molybdenum-silver mineralization...
3/24/2008 enters LOI for mineral leases in Indin Lake
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (EXG.V)
0.0800.00%
TSX-V
Prev close Open
Low High
Year l/h YTD var.
0.050 -  0.110 -100.00%
52 week l/h 52 week var.
0.050 -  0.115 -100.00%
Volume 1 month var.
-100.00%
Produces
Develops
Explores for Copper - Gold - Palladium - Platinum - Silver
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 10/8/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.05+0.43%Trend Power :
OceanaGold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 8.91-2.73%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.59-3.26%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.05+10.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.06+0.00%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
 12.67+0.88%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.34+6.25%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.18+0.00%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
 1.77-2.21%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 40.37-0.22%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.04+0.00%Trend Power :
Take advantage of rising gold stocks
  • Subscribe to our weekly mining market briefing.
  • Receive our research reports on junior mining companies
    with the strongest potential
  • Free service, your email is safe
  • Limited offer, register now !
Go to website.