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Margaux Resources

Jackpot / Oxide

The Jackpot/Oxide Property is located in the Kootenay Arc belt, approximately 2 kilometres north of Margaux’s Jersey-Emerald Property. The Property consists of mineral claims and crown grants, covering 1,326 hectares in the Nelson Mining Division, and is prospective for zinc, lead and silver.

The property complements the exploration & development activity, currently taking place on the Jersey-Emerald.


Jackpot prospects reports reserves of 3,000,000 tonnes @ 5% combined zinc-lead (1). A nominal drill program required to make the resource NI 43-101 compliant.

Drill results from 2008 (2) on the Property confirmed the presence of zinc mineralization similar in grade to that mined from a number of mines in the region, including:

Since the 1940s at the Oxide prospect, the zinc oxide mineralization occurring in a steeply dipping fault has been the target of exploration by adits, drill holes and trenches, by several operators. Locally showing zinc grades greater than 16% over widths in excess of 5 meters (3) and zinc grades up to 23% reported for narrower intersections (4).

Margaux has not completed any exploration work on the Property and the mineralization that is reported to occur therein is known only from the abundant underground and surface work completed largely between the 1940s and 2000 and from reports by third parties. Acquiring the option to purchase the Property provides Margaux time to further evaluate and explore the historic production and future potential of the Property.

The Company plans to utilize the data mining process established on the Jersey-Emerald to assist with the vetting of the Jackpot/Oxide property. By applying this modern and methodical approach to the Jackpot/Oxide Property, Margaux will move the historical data into the 21st century, utilizing the best of industry technology to gain the most accurate understanding of the resource.

(1) Government of B.C. Minifile website summary
(2) April 7, 2008 Dajin Resources Corp. press release "Dajin Reports Silver Zinc Lead Results at Jackpot"
(3) 1948 assay results, by Fyles and Hewlett 1959
(4) Grab bag sample from the Cominco trench, by McLeod 1999.

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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.