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Margaux Resources

Margaux Resources Reports Additional High…...

Margaux Resources Reports Additional High Grade Gold Samples from the Company’s Bayonne Property

Uncategorized / September 18, 2017

 

 

NEWS RELEASE                                                                                                                   

 

Margaux Resources Reports Additional High Grade Gold Samples from the Company’s Bayonne Property

 

CALGARY, ALBERTA -- (The Newswire – September 18, 2017)

Margaux Resources Ltd. (TSX VENTURE:MRL, OTCQB:MARFF) ("Margaux" or the "Company") is pleased to provide an update on the Company’s Bayonne property, part of Margaux’s Kootenay Arc project in southern British Columbia.

 

Key Highlights

  • High gold results including 51.6 g/t Au and 46.6 g/t Au from the Maggie Aikens vein.
  • 6 holes totaling 475 metres completed at the Maggie Aikens target.
  • Drilling currently targeting the Bayonne Main and A vein splays.

 

“These results continue Margaux’s exciting run of high grade gold samples on the Bayonne property” commented Tyler Rice, President and CEO of Margaux. “The potential of the Bayonne is being revealed and the upcoming drill results should provide a greater understanding of the extent of mineralization and the potential for new vein discoveries.”

 

Margaux is pleased to report high gold rock sample results from the Maggie Aikens vein including 51.6 g/t Au. Results, as seen in the table below, were returned from 6 rock samples collected from the dumps of several sloughed historic exploration pits, and from the dump of a short exploration adit. 

 


 


The historic workings explore a zone of quartz veining within granodiorite, over a strike length of approximately 100 metres. The Maggie Aikens target is untested by any recent work and, prior to Margaux’s current drill program, had not been tested by drilling.

 

As part of Margaux’s current diamond drill program at Bayonne, 6 holes (totaling 475 m) have now been drilled to test the Maggie Aikens vein at depth below samples 8773-8778. Logging and core sampling is underway. The drill rig has now been mobilized to the western part of the Bayonne property, where drilling will test the at-depth continuation of the Bayonne Main and A vein splays.

 

Notes

Samples reported in this were grab samples collected from the dumps of historic workings.  Samples were shipped to ActLabs’ Kamloops, B.C. laboratory (ISO 9001:2008, ISO 17025, CAN-P-1579 certification) for preparation and analysis. Samples were crushed at the lab to 80% passing a 10 mesh (2 mm) screen, then a 250 g split of the crushed sample was pulverized to 95% passing 105 microns. All samples were analysed for gold by FA/AA finish on a 30 g sample of pulverized material, and for a multi-element suite by ICP-MS following aqua regia digestion.  For samples returning > 10 g/t Au by FA/AA methods, gold was assayed by FA/gravimetric methods on a 30 gm sample.

Qualified Person

Linda Caron, M.Sc., P.Eng, Margaux’s Vice President of Exploration, is the Company’s Qualified Person as defined by NI 43-101 who has reviewed and approved the technical information contained within this press release.

 

About Margaux Resources Ltd.

Margaux Resources Ltd. (TSX.V: MRL, OTCQB: MARFF) is a mineral acquisition and exploration Company focused on the development of zinc, gold and tungsten deposits in the Kootenay Arc, in the southeastern region of British Columbia. The Company is directed by a group of highly successful Canadian business executives and has a fast-growing portfolio of previously producing properties that include the Jersey-Emerald mine, which at one point was the 2nd largest historic zinc-lead mine in B.C. and the 2nd largest tungsten mine in North America.

 

Forward Looking Statements

This press release may contain forward looking statements including those describing Margaux's future plans and the expectations of management that a stated result or condition will occur. Any statement addressing future events or conditions necessarily involves inherent risk and uncertainty. Actual results can differ materially from those anticipated by management at the time of writing due to many factors, the majority of which are beyond the control of Margaux and its management. In particular, this news release contains forward-looking statements pertaining, directly or indirectly, to the following: Margaux's exploration plans and work commitments, the potential of mineral resources and potential for recovery thereof, as well as other market conditions and economic factors, business and operations strategies. Readers are cautioned that the foregoing list of risk factors should not be construed as exhaustive. These statements speak only as of the date of this release or as of the date specified in the documents accompanying this release, as the case may be. The Company undertakes no obligation to publicly update or revise any forward-looking statements except as expressly required by applicable securities laws.

 

Neither the 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.

 

 

CONTACT INFORMATION

 

Margaux Resources Ltd.

Tyler Rice

President, CEO and a Director

(403) 537-5590

Tyler@margauxresources.com



© 2017 Margaux Resources Ltd. | Legal
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The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this website. Statements in this presentation other than purely historical information including statements relating to the Company's future plans and objectives or expected results, are forward-looking statements. This website contains certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in the Company's business, including risks inherent in resource exploration and development. As a result, actual results might vary materially from those described in this website. Readers should verify any & all claims and do their due diligence before investing in any securities mentioned. Investing in securities is speculative and carries a high degree of risk.
Linda Caron , P.Eng., VP Exploration  is a “Qualified Person” as defined under NI 43-101 has reviewed and approved the technical content of this website