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Bayonne

 

The Bayonne property is located 10 km east of the Sheep Creek property, and represents an orogenic gold vein occurrence similar to the Sheep Creek veins.

 

Bayonne

Historic production (mainly 1935-1951) from the Bayonne property was 82,000 tonnes at an average grade of 16 g/t Au. Production was from a single narrow, high-grade, steeply dipping quartz vein within granodiorite, and from a splay of this vein.

The Bayonne vein was mined over a strike length of 750 m and to a depth of 150 m. Little exploration has been done on strike to the east or west, although evidence suggests that veining continues in both directions beyond the limits of historic mining.

The last major work program on the Bayonne property was in the early 1980’s by Goldrich Resources. The property has had little exploration since that time. Several additional veins are known on the property, which are untested by any drilling.

The Maggie Aikens target is an undrilled vein located 3 km on strike to the east from the historic Bayonne workings. A 1995 chip sample from the Maggie Aikens returned 20.5 g/t Au over 3.4 m, while a grab sample from the dump of a historic exploration drift graded 100 g/t Au.

The Bayonne property has the following historic resource1:

 

Tonnes

Gold_g/t

Measured & Indicated

29,730

12.8

Inferred

95,000

14.9

Note: The reader is cautioned that a qualified person has not done sufficient work to classify the historical estimate as current resources and Margaux is not treating the historical estimate as current mineral resources.

1Wells, R.A. and F. O’Grady, 1984: Exploration and Development Proposal, Bayonne Mine Property, for Goldrich Resources Inc.

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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