Margaux Resources Announces Non-Brokered Private Placement of Units

Margaux Resources Announces Non-Brokered Private Placement of Units

CALGARY, ALBERTA — (March 5, 2020)

Margaux Resources Ltd. (TSX VENTURE:MRL, OTCQB:MARFF) (“Margaux” or the “Company”) is pleased to announce that subject to TSX Venture Exchange (“TSXV”) approval, it intends to issue, pursuant to a non-brokered private placement, up to 14,285,714 units (“Units”) of the Company at a price of $0.07 per Unit for gross proceeds of up to $1,000,000 (the “Offering”).

Each Unit will consist of one common share in the capital of the Company (“Common Share”) and one Common Share purchase warrant (“Common Warrant”). Each Common Warrant will entitle the holder to acquire one Common Share (each a “Warrant Share”) at an exercise price of $0.12 per Warrant Share until 4:30 pm (Mountain Standard time) on that date that is 24 months from the closing date of the Offering, subject to accelerated expiry, if the 20-day volume weighted average price of the Common Shares on the TSXV exceeds $0.20 per Common Share.

Closing of the Offering is expected to occur on or before March 31, 2020.

Proceeds of the Offering will be used to pursue the Company’s ongoing exploration and drilling programs and for general working capital. The securities issued pursuant to the Offering will be subject to a four month hold period under applicable securities laws. In connection with the Offering, certain finders may receive a cash fee and/or non-transferable finder warrants.

About Margaux Resources Ltd.
Margaux Resources Ltd. is a junior exploration company with two district-scale assets in the eastern Cordilleran gold belt, Canada. The Cassiar Property in northernmost British Columbia is the Company’s flagship property, with a decades-long mining history and a recently announced near-surface 1 Moz gold inferred resource (MRL press release 11 Sep. 2019). The Company’s Sheep Creek Property in southernmost British Columbia comprises gold and base metal prospects in an area with a long history of exploration and mining.

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, market conditions and the Company’s reasonable commercial efforts regarding financing activities, the ability to close the Offering in the amount anticipated or at all, the use of proceeds of the Offering 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
[email protected]

Margaux Resources Ltd. Announces Stephen JJ Letwin as Director

Margaux Resources Ltd. Announces Stephen JJ Letwin as Director

CALGARY, ALBERTA — February 11, 2020

Margaux Resources Ltd. (TSX VENTURE:MRL, OTCQB:MARFF) (“Margaux” or the “Company”) is pleased to announce the appointment of Mr. Stephen J.J. Letwin to the Company’s Board of Directors effective March 2, 2020.

Mr. Letwin, who has been a member of Margaux’s Advisory Committee since November 2016, is looking forward to taking on the Director role. “I am excited about joining the Margaux Resources Board because I am a very strong believer in the company’s current assets and financial potential”, said Mr. Letwin.

A hard-working and well respected gold miner specializing in corporate finance, operational management and merger and acquisitions, Mr. Letwin also brings over 30 years of experience from the highly competitive resource sector. Prior to his 10 year role as president and CEO of IAMGOLD, Mr. Letwin was previously with Enbridge Inc. in Houston, Texas, as Executive Vice President, Gas Transportation & International. He was responsible for natural gas operations including overall responsibility for Enbridge Energy Partners as Managing Director. Before Enbridge, he was President & CEO of TransCanada Energy and CFO, TransCanada Pipelines, Numac (Westcoast Energy) and Encor Energy. Mr. Letwin has been a director of Precision Drilling Inc. since 2006.
Stephen holds an MBA from the University of Windsor, is a Certified General Accountant, a graduate of McMaster University (B.Sc., Honours), and a graduate of the Harvard Advanced Management Program.

About Margaux Resources Ltd.
Margaux Resources Ltd. is a junior exploration company with two district-scale assets in the eastern Cordilleran gold belt, Canada. The Cassiar Property in northernmost British Columbia is the Company’s flagship property, with a decades-long mining history and a recently announced near-surface 1 Moz gold inferred resource (MRL press release 11 Sep. 2019). The Company’s Sheep Creek Property in southernmost British Columbia comprises gold and base metal prospects in an area with a long history of exploration and mining.

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. Although Margaux believes that the expectations reflected in these forward-looking statements are reasonably, undue reliance should not be placed on them because Margaux can give no assurance that they will prove to be correct. 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 referenced by 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
[email protected]

Margaux Resources announces results of 2019 exploration program at Cassiar Gold Property

Margaux Resources announces results of 2019 exploration program at Cassiar Gold Property

  • Drill core resampling confirms bulk tonnage target potential at Backyard prospect
  • Rock grab samples return multi-ounce assay results at Taurus and Lucky
  • New data supplements ongoing compilation work for drill target generation at Cassiar

CALGARY, ALBERTA — February 4, 2020)

Margaux Resources Ltd. (TSX VENTURE:MRL, OTCQB:MARFF) (“Margaux” or the “Company”) is pleased to share analytical results from the 2019 field season at its Cassiar Gold Property in northern British Columbia. The 2019 exploration program was an efficient and successful effort to assess and characterize the recently acquired Cassiar Gold Property. The program included rock and chip sampling of documented and previously unknown prospects, as well as select resampling of historic drill core. Exploration efforts were guided by the Margaux corporate strategy which prioritizes near-surface, bulk-tonnage gold resource discoveries.

“With an existing million-ounce resource base and demonstrated exploration potential across the property, we see numerous opportunities for potential resource growth at Cassiar through extension and exploration,” stated CEO and president Tyler Rice. “This optionality will be a key driver in evolving this district-scale project.”

Rock samples
A total of 373 rock samples were collected by Margaux geologists from prospects across the Cassiar Gold Property. Samples were taken on traverses and spot-checks of historically documented showings, in a program intended to confirm historical data and to familiarize Margaux geologists with property geology and prospects. The majority of samples taken were from outcrop, but float or subcrop samples were taken locally where outcrop was not available but source was inferred to be proximal. 290 grab samples and 75 chip samples were sent for gold and multielement analysis. Eight rock samples were submitted for lithogeochemical characterization.

Samples were taken from four regions of the Cassiar Gold Property, shown in Figure 1, as well as some regional exploration samples. Gold assays returned encouraging results, including numerous high-grade quartz vein samples, and lower grades from altered and mineralized basalt. Selected high-grade samples from the program, returning greater than 5 g/t Au, are summarized in Table 1. Most are from mineralized quartz veins with pyrite. High-grade gold mineralization in quartz veins is well-known at the Cassiar Gold Property, from showings and through historic underground mining at Table Mountain and at Taurus. Newcoast and Taurus areas have similar character to the Taurus bulk-tonnage resource, with strong iron carbonate and sericite-altered basalt associated mainly with extensional quartz veining. The Lucky showing (Figure 2), 3 km northwest of Taurus, is an alpine ridge characterized by talus and subcrop, 50 m east of the Boomerang-Lyla fault zone, a subvertical dextral-offset regional structure. True outcrop is scarce at Lucky, which is dominated by angular basalt talus of cm- to m-scale, and quartz vein fragments which commonly host specks of visible gold; angular blocks suggest proximal source for mineralized and altered basalt and quartz vein material.

 

All rock samples were assayed for gold by 50 g fire assay with atomic absorption (AA) finish. Samples returning >10 g/t Au were re-analyzed by screen fire assay with gravimetric finish, except for sample A0019272 which was analyzed by 50 g fire assay with gravimetric finish and was not re-analyzed by screen fire assay. Standards were inserted in each shipment to the lab.

Drill core resampling
The 2019 exploration program included resampling of historical core from drillhole 05BY-01, originally drilled and selectively sampled in 2005 on the Backyard target, within the Newcoast region along Highway 37 (Figure 2). The Backyard prospect is 3 km southeast of the Taurus deposit, 50 m north of Highway 37. Six drillholes were completed in 2005, testing a strike length of 300 m and a width of 40 m.

Drillhole 05BY-01 was selected for resampling due to its similarity in lithology, alteration, and mineralization to the Taurus deposit (see Margaux news release 11 September 2019). Original sampling had gaps through low-alteration intervals, and some gold-bearing samples did not have shoulder samples. Margaux geologists sampled the remaining core from the drillhole from top to bottom, using standard QAQC procedures, to gain a better understanding of gold and trace element distribution in the Backyard system.

Results from the resampled core compared closely with historical values, confirming that gold mineralization at Backyard comprises both low-grade bulk-tonnage values and high-grade vein values. Gold mineralization is restricted to sericite-pyrite-Fe carbonate alteration zones centred on quartz veins. Arsenic values show a consistent positive correlation with the altered and gold-mineralized zones (Figure 3), and may thus provide a useful vectoring tool for exploration.

Grab samples taken at Backyard returned peak values of 9.78 g/t Au from an extensional quartz vein, and 1.99 g/t Au and 2.41 g/t Au from altered basalt wall rock, providing additional confirmation of the grades and distribution of gold mineralization.

In addition to confirming the prospectivity of the Backyard target, and the validity of historical data, the resampling effort illustrates the value of the available core record on the property. Unsampled and half core for many historical deposit and exploration drillholes is available for review and, if warranted, resampling. This core record is a valuable asset, as Margaux continues to develop and assess bulk-tonnage gold prospects on a property that was historically explored for high-grade veins.

2020 Exploration program development
The Margaux exploration team continues its data compilation and verification work as it works to develop high-quality drill targets for the upcoming field season. “Margaux has the benefit of decades of accumulated geological data, across a large contiguous property with a demonstrated production history,” stated Kaesy Gladwin, Margaux VP Exploration. “We will leverage this asset to refine deposit models and develop targets that we can use to advance the Cassiar project through diamond drilling in 2020.”

Drill core samples reported in this release were taken from previously logged drill core. Original sample intervals were used where possible. For intervals which had been sampled previously, the remaining half of the drill core was placed in bags for sampling. Intervals which had not been previously sampled were placed in bags as whole core. No drill core was retained for drillhole 05BY-01.

All drill core and rock samples were transported by Margaux personnel to ALS Geochemistry, Whitehorse, Yukon, for preparation and analysis. At the lab, samples were crushed to 70% passing a 10 mesh (2 mm) screen, then a 1000 g split of the crushed sample was pulverized to 85% passing 75 microns. Prepared samples were transported to ALS Geochemistry facility in North Vancouver, British Columbia. All drill core and rock samples were analysed for gold by method Au-AA24 (fire assay with atomic absorption finish of a 50 g sample). For drill core samples returning > 10 ppm Au by Au-AA24, subsequent gold assay was done by method Au-SCR24 (screen fire assay/gravimetric finish of a 1000 g sample). For rock samples returning > 10 ppm Au by Au-AA24, subsequent gold assay was done by method Au-GRA22 (fire assay with gravimetric finish of a 50 g sample). For both rock and drill core samples, a multi-element suite was analyzed by method ME-ICP-61 (ICP-AES analysis following four-acid digestion of a 0.25 g sample of pulverized material).

Margaux Resources follows a rigorous QA/QC procedure for all drill core samples, including the insertion of analytical blanks and standards at regular intervals. Core size was NQ2. Intervals reported in this news release are core intervals. Additional drilling is required to fully understand the difference between core intercept and true width. Rock grab and chip samples are selective in nature, and may not represent the overall grade or extent of mineralization in an area.

Qualified Person
Kaesy Gladwin, M. Sc., P. Geo., 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.

Margaux Resources Ltd.
Margaux Resources Ltd. is a junior exploration company with two district-scale assets in the eastern Cordilleran gold belt, Canada. The Cassiar Property in northernmost British Columbia is the Company’s flagship property, with a decades-long mining history and a recently announced near-surface 1 Moz gold inferred resource (MRL press release 11 Sep. 2019). The Company’s Sheep Creek Property in southernmost British Columbia comprises gold and base metal prospects in an area with a long history of exploration and mining.

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, and economic factors, business and operations strategies. Although Margaux believes that the expectations reflected in these forward-looking statements are reasonably, undue reliance should not be placed on them because Margaux can give no assurance that they will prove to be correct. 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 referenced by 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
[email protected]

Margaux Resources Ltd. Terminates its Jackpot and Old Timer Option Agreements

Margaux Resources Ltd. Terminates its Jackpot and Old Timer Option
Agreements

CALGARY, ALBERTA — January 24, 2020)

Margaux Resources Ltd. (TSX VENTURE:MRL, OTCQB:MARFF) (“Margaux” or the “Company”) has elected to terminate the option agreements on the Jackpot and Old Timer properties in southern British Columbia.

Margaux entered into an option agreement with a third party in 2016 giving the Company the exclusive option to acquire the Jackpot Property by making payments to the third party of an aggregate $340,000 cash and aggregate issuance of 500,000 shares, paid in several installments over 6 years.

Margaux entered into an option agreement with a third party in 2019 giving the Company the exclusive option to acquire 100% interest in the Old Timer Property by making payments to the third party of an aggregate $50,000 cash and 500,000 shares, paid in several installments over a 4-year period.

The remaining payments on the Jackpot and Old Timer properties were determined by Margaux’s board of directors to be unjustifiable in light of current market conditions and metal prices, and no longer in the best interest of the Company’s shareholders. As a result of the terminations, Margaux will forfeit the aggregate payments of $100,000 and 350,000 shares issued pursuant to the Jackpot option agreement, and the aggregate payments of $5,000 and 50,000 shares issued pursuant to the Old Timer option agreement.

Going forward, the Company will focus on gold exploration at targets identified on the Cassiar Gold Project and the Sheep Creek Gold District.

About Margaux Resources Ltd.
Margaux Resources Ltd. (TSX.V: MRL, OTCQB: MARFF) is a mineral acquisition and exploration company focused on gold exploration within British Columbia. The Company has two important assets, the Cassiar Gold Project and the Sheep Creek Gold Project. Both are orogenic gold projects.

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, and economic factors, business and operations strategies. Although Margaux believes that the expectations reflected in these forward-looking statements are reasonably, undue reliance should not be placed on them because Margaux can give no assurance that they will prove to be correct. 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 referenced by 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
[email protected]

Margaux Resources Ltd. Implements Technical Database, Continues Compilation and Targeting Work on Cassiar Gold Property and Retains Market Maker

Margaux Resources Ltd. Implements Technical Database, Continues Compilation and Targeting Work on Cassiar Gold Property and Retains Market Maker

CALGARY, ALBERTA — (January 3, 2020)

Calgary, Alberta – (Newsfile Corp. – January 3, 2020) –

    • 1MM oz gold Inferred Resource at 0.7 g/t Au cut-off for past-producing Taurus Property

Margaux Resources Ltd. (TSX VENTURE:MRL, OTCQB:MARFF) (“Margaux” or the “Company”) recently filed a National Instrument 43-101 Technical Report to support its maiden mineral resource estimate for the Taurus Deposit on the Cassiar Gold property (the “Cassiar Property”) in British Columbia, Canada (see Margaux press release November 13, 2019). Details of the 1 MM oz gold inferred resource at 1.43 g/t Au (0.7 g/t Au cut-off) were announced in the Company’s news release dated September 11, 2019.

The Margaux technical team continues to compile and verify historical technical data in preparation for the upcoming exploration season. Implementation of a database system to house all technical data is underway. Existing digital data is being vetted and transferred, while additional data from historical work on the property is being incorporated. The Cassiar Project has an extensive exploration history, with data collected by many operators and explorers. Compilation and analysis of this data was a recommendation in the recent 43-101 technical report. The database will provide a robust foundation for geological model and target development and ranking at Taurus and across the entire Property.

In addition to technical work, Margaux is advancing reporting, permitting, and logistical planning to support the 2020 exploration program, which will include drilling, and is expected to commence in May. The program will focus on quality infill, extension, and exploration targets, primarily near the 1 MM oz Taurus resource area. Margaux is committed to delivering results, with a cost-effective and efficient program.

“With a history of gold mining on high-grade vein deposits across the Property, and a recently-confirmed million-ounce bulk tonnage resource at surface, we see a lot of upside at Cassiar, and look forward to further exploring and developing the Cassiar Property in 2020, “ stated Tyler Rice, President and CEO of Margaux.

Background
The Cassiar Property is a road-accessible, advanced-stage orogenic gold system located in northern British Columbia, Canada. In June 2019, Margaux Resources Ltd. announced that the shareholders of Wildsky Resources Inc. approved the sale of its 100% interest in the Cassiar Property by way of an all-share option agreement with Margaux (see Margaux news release dated June 24, 2019). Final approval of the transaction was granted by the TSX Venture Exchange (“TSXV”) in November (see Margaux news release dated November 13, 2019).

On the Cassiar Property, gold mineralization occurs along a 15 km corridor. Within this structural corridor, gold occurs both as discrete high-grade veins and as near-surface low-grade style mineralization. Past production from the Cassiar Property (primarily 1979-1997) is approximately 920,000 tonnes at an average grade of 11.9 grams per tonne (g/t) gold, or a total of 350,000 ounces of hard rock gold. During this period, portions of the Cassiar Property were held by different operators, and production was from different mine operations (predominantly underground) utilizing different mill facilities.

The Cassiar Property has subsequently been amalgamated and now covers 56,000 hectares. It is bisected by Highway 37, with significant existing road access infrastructure and a 30 person camp with grid power.

Margaux believes there to be good potential for new discoveries of low-grade bulk tonnage gold mineralization on its Cassiar Property. Numerous known high-grade gold showings on the Cassiar Property have been tested by only limited drilling, and the property-wide potential for low-grade bulk tonnage deposits has only been investigated at Taurus, to date.

Retention of Market Maker
The Company is also pleased to announce that, subject to regulatory approval, it has retained Mackie Research Capital Corporation to initiate its market making service to provide market making services to the Company in compliance with the policies and guidelines of the TSXV and other applicable legislation.

Mackie will trade shares of Margaux on the TSXV for the purposes of maintaining a reasonable market and improving the liquidity of Margaux’s common shares. The agreement between Mackie and the Company is for a minimum one year term and the Company has agreed to pay Mackie $5,000 per month during the term, payable quarterly in advance. After the one year period, the engagement may be terminated by either party with written notice of 60 days. The Company and Mackie act at arm’s length, but Mackie may provide investment banking services to Margaux and Mackie and/or its clients may have an interest, directly or indirectly, in the securities of Margaux. The agreement is principally for the purposes of maintaining market stability and liquidity for the Company’s common shares and is not a formal market making agreement. There are no performance factors contained in the agreement between Mackie and the Company and Mackie will not receive any shares or options from the Company as compensation for services it will render.

About Mackie Research Capital Corporation
Mackie is one of Canada’s largest independent full service investment firms, and proudly traces its roots back to 1921. Mackie is privately owned by many of its 300 employees. As a fully integrated national investment dealer, Mackie offers a full complement of capital markets and wealth management services to private clients, institutions and growth companies

About Margaux Resources Ltd.

Margaux Resources Ltd. (TSX.V: MRL, OTCQB: MARFF) is a mineral acquisition and exploration company focused on gold exploration in British Columbia, and is directed by a group of highly successful Canadian business executives.

Kaesy Gladwin, VP Exploration for Margaux Resources Ltd., is a Qualified Person under the terms of NI 43-101, and has reviewed the technical content of this press release for the Cassiar Project and approved its dissemination.

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 size and potential of the mineral resource on the Cassiar Property, the timing and receipt of required approvals, the future liquidity of Margaux’s common shares, and economic factors, business and operations strategies. Although Margaux believes that the expectations reflected in these forward-looking statements are reasonably, undue reliance should not be placed on them because Margaux can give no assurance that they will prove to be correct. 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 referenced by 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
[email protected]

Margaux Resources Announces Closing of Non-Brokered Private Placement of Flow-Through Units and Units and Changes to Management

Margaux Resources Announces Closing of Non-Brokered Private Placement of Flow-Through Units and Units and Changes to Management

CALGARY, ALBERTA — (December 20, 2019)

Calgary, Alberta – (Newsfile Corp. – December 20, 2019) – Margaux Resources Ltd. (TSX VENTURE:MRL, OTCQB:MARFF) (“Margaux” or the “Company”) is pleased to announce that further to its press release dated October 7, 2019, and subject to receiving TSX Venture Exchange (“TSXV”) approval, it has closed its non-brokered private placement (the ”Offering”) by issuing:

      • 555,555 units (“Units”) of the Company at a price of $0.09; and
      • 5,410,000 flow-through units (“Flow-Through Units”) at a price of $0.10 per Flow-Through Unit.

The Flow-Through Units were re-priced from $0.11 to $0.10 per Flow-Through Unit to more accurately reflect the current market price of the Company’s common shares.

Gross proceeds raised under the Offering are $591,000.

Each Unit consists of one common share in the capital of the Company (“Common Share”) and one Common Share purchase warrant (“Common Warrant”). Each Flow-Through Unit consists of one Common Share issued on a “CEE flow-through” basis pursuant to the Income Tax Act (Canada) and one Flow-Through purchase warrant (“Flow-Through Warrant”). Each Common Warrant entitles the holder to acquire one Common Share (each a “Warrant Share”) at an exercise price of $0.15 per Warrant Share and each Flow-Through Warrant entitles the holder to acquire one Warrant Share at an exercise price of $0.17 per Warrant Share until 4:30 pm (Mountain Standard time) on that date that is 24 months from the closing date of the Offering, (the “Expiry Time”) subject to accelerated expiry, if the 20-day Volume Weighted Average Price of the Common Shares on the TSXV exceeds $0.25 per Common Share.

In connection with the Offering, the Company paid a finders’ fee to TD Wealth (the “Finder”) consisting of a cash payment of $19,800, equal to 6% of the aggregate proceeds raised from the sale of Flow-Through Units to subscribers introduced to the Company by the Finder.

The securities issued pursuant to the Offering are subject to a four month hold period under applicable securities laws.

As previously announced, the proceeds of the Offering will be used to pursue the Company’s ongoing exploration and drilling programs and for general working capital.

Changes to management team
Margaux is pleased to announce that Mr. Kaesy Gladwin has been appointed Vice-President of Exploration. Mr. Gladwin will be replacing Linda Caron, who has stepped down from the role for personal reasons.

Mr. Gladwin brings over 15 years of mineral exploration and project management experience to the Margaux team. In this time he has contributed to resource growth and discoveries at three major orogenic gold projects in Canada. He brings a strong technical background with focuses on brownfields exploration, deposit and exploration model development, and target generation.

Tyler Rice commented, “We would like to thank Linda for her many contributions to Margaux, and we wish her the very best. We are pleased to welcome Kaesy into this new role. His experience will help to guide the Cassiar Project through exploration and resource development advances in the coming season and beyond.”

Kaesy Gladwin stated, “I am excited to lead the Margaux exploration team. The Cassiar property is a large land package with bulk-tonnage and high-grade gold potential, a long mining history, and excellent access. I look forward to helping to advance this asset for Margaux.”

Linda Caron commented, “It has been rewarding for me to have served as Margaux’s VP of Exploration for the past few years, to have assembled and worked with a highly credible technical team, and to have been involved in the initial stages of the company’s work on the Cassiar Property. I am very pleased that Kaesy is replacing me in the role of VP of Exploration. He has a strong managerial and technical background, including structural geology, deposit modelling and exploration of advanced stage orogenic gold projects. In my opinion, he is an ideal person to lead the next phase of exploration and development on this exciting property. ”

About Margaux Resources Ltd.
Margaux Resources Ltd. (TSX.V: MRL, OTCQB: MARFF) is a mineral acquisition and exploration company focused on gold exploration in British Columbia, and is directed by a group of highly successful Canadian business executives.

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 timing and receipt of required approvals, 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
[email protected]

Margaux Resources Ltd. Announces Final Approval of Cassiar Option Agreement and issuance of Promissory Note

Margaux Resources Ltd. Announces Final Approval of Cassiar Option Agreement and issuance of Promissory Note

CALGARY, ALBERTA — (November 13, 2019)

Calgary, Alberta – (Newsfile Corp. – November 13, 2019) – Margaux Resources Ltd. (TSX VENTURE:MRL, OTCQB:MARFF) (“Margaux” or the “Company”) is pleased to announce that it has received final approval from the TSX Venture Exchange (“TSXV”) for its previously announced option agreement (the “Option Agreement”) with Wildsky Resources Inc. (“Wildsky”). The Option Agreement provides Margaux with the option to acquire a 100% interest in the Cassiar Gold Project (the “Property”) in northern British Columbia.
In addition, the TSXV has accepted Margaux’s filing of an amended NI 43-101 maiden mineral resource estimate for the Taurus Deposit on the Property (the “Report”). The report was amended to address certain comments of the TSXV in connection with granting their final approval for the Option Agreement. The Report was prepared for Margaux by Scott Zelligan P.Geo, who is a “Qualified Person” as defined in NI 43-101 – Standards of Disclosure for Mineral Projects . The Company filed the amended Report on its SEDAR profile on November 13, 2019.

Option Agreement Share Issuance

Pursuant to the Option Agreement and the TSXV approval, Margaux has issued an aggregate of 17,460,000 common shares in the capital of the Company (the “Option Shares”) to Wildsky, satisfying the first and second tranches issuable under the Option Agreement. The Option Shares are subject to a four month and one day hold period in accordance with applicable securities laws, and a subsequent contractual 8 month hold period pursuant to the terms of the Option Agreement, for an aggregate one year hold period.
In order to complete the exercise of the option, Margaux must: (i) issue 17,460,000 common shares in the capital of the Company on the date that is 12 months from the date of the Option Agreement; (ii) issue 23,280,000 common shares in the capital of the Company on the date that is 18 months from the date of the Option Agreement; and (iii) undertake certain exploration expenditures on the Property and satisfy certain other conditions. For further information, see the Company’s press release dated June 24, 2019.

Promissory Note

The Company issued a $90,000 Promissory Note (“Note”) to an arm’s length third party. Pursuant to the Note, the Company promises to pay the $90,000 on demand and pay interest on the principal sum at a rate of six percent (6%) per annum.

About Margaux Resources Ltd.

Margaux Resources Ltd. (TSX.V: MRL, OTCQB: MARFF) is a mineral acquisition and exploration company focused on gold exploration in British Columbia, and is directed by a group of highly successful Canadian business executives.

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 timing of issuance of securities, and economic factors, business and operations strategies. There can be no assurance that the Company will complete the option payments to acquire the Property on the time frame required by the Option Agreement or at all. Readers are cautioned that the foregoing list of 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
[email protected]

Margaux Resources Ltd. Announces Non-Brokered Private Placement of Flow-Through Units and Units

Margaux Resources Announces Non-Brokered Private Placement of Flow-Through Units and Units

CALGARY, ALBERTA — (October 7, 2019)

Margaux Resources Ltd. (TSX VENTURE:MRL, OTCQB:MARFF) (“Margaux” or the “Company”) is pleased to announce that subject to TSX Venture Exchange (“TSXV”) approval, it intends to issue, pursuant to a non-brokered private placement, up to:

    • 3,333,333 units (“Units”) of the Company at a price of $0.09 per Unit; and
    • 4,090,909 flow-through units (“Flow-Through Units”) of the Company at a price of $0.11 per Flow-Through Unit, for aggregate gross proceeds of up to $750,000 (the “Offering”).

Each Unit will consist of one common share in the capital of the Company (“Common Share”) and one Common Share purchase warrant (“Common Warrant”). Each Flow-Through Unit will consist of one Common Share issued on a “CEE flow-through” basis pursuant to the Income Tax Act (Canada) and one Flow-Through purchase warrant (“Flow-Through Warrant”). Each Common Warrant will entitle the holder to acquire one Common Share (each a “Warrant Share”) at an exercise price of $0.15 per Warrant Share and each Flow-Through Warrant will entitle the holder to acquire one Warrant Share at an exercise price of $0.17 per Warrant Share until 4:30 pm (Mountain Standard time) on that date that is 24 months from the closing date of the Offering, (the “Expiry Time”) subject to accelerated expiry, if the 20-day Volume Weighted Average Price of the Common Shares on the TSXV exceeds $0.25 per Common Share.

Closing of the Offering is expected to occur on or before November 21, 2019.

Proceeds of the Offering will be used to pursue the Company’s ongoing exploration and drilling programs and for general working capital. The securities issued pursuant to the Offering will be subject to a four month hold period under applicable securities laws. In connection with the Offering, certain finders may receive a cash fee and/or non-transferable finder Warrants.

About Margaux Resources Ltd.
Margaux is a mineral acquisition and exploration Company focused on the development of gold, zinc 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 is focused on exploration of the Company’s Cassiar Gold Project and Sheep Creek Gold District.

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, market conditions and the Company’s reasonable commercial efforts regarding financing activities, the ability to close the Offering in the amount anticipated or at all, the use of proceeds of the Offering 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
[email protected]

Margaux Resources Ltd. Announces 1 MM oz Gold Maiden Resource Estimate for Bulk-Tonnage Taurus Deposit, Cassiar District, British Columbia

Margaux Resources Ltd. Announces 1 MM oz Gold Maiden Resource Estimate for Bulk-Tonnage Taurus Deposit, Cassiar District, British Columbia

  • 1MM oz gold Inferred Resource at 0.7 g/t Au cut-off for past-producing Taurus Property

CALGARY, ALBERTA — (September 11, 2019)

Calgary, Alberta – (Newsfile Corp. – September 11, 2019) – Margaux Resources Ltd. (TSX VENTURE:MRL, OTCQB:MARFF) (“Margaux” or the “Company”) is pleased to announce its maiden mineral resource estimate for the Taurus Deposit on the Cassiar Gold property (the “Cassiar Property”) in British Columbia, Canada.

“The Taurus resource estimate confirms the potential for significant bulk-tonnage deposits at the Cassiar Property.  Margaux is excited to continue our evaluation of the Cassiar Property in preparation for a focused 2020 exploration program that will include drilling,” stated Tyler Rice, President and CEO of Margaux.

The mineral resource estimate was independently prepared by Scott Zelligan, P.Geo. The mineral resource estimate is based on the results from 423 drill holes completed to date on the Cassiar Property. Wireframes were prepared using the drill hole information combined with geological interpretations of the deposit and validated through a thorough literature review, historical observations, and internal modeling by several recent project stakeholders. Further details related to the current mineral resource estimate are detailed below.  Table 1 outlines the total base case Mineral Resources.

A NI 43-101 Technical Report on the updated Mineral Resource estimate for the Cassiar Property will be filed within 45 days of this release, in accordance with applicable securities laws.

Table 1 – Base Case Mineral Resource Estimates by cut-off grade


Notes:

1. The effective date for this mineral resource estimate for Taurus Deposit is September 11, 2019.   Mineral Resources are calculated assuming a cut-off grade of 0.7 g/t Au consistent with open pit mining methods.

  1. Mineral resources which are not mineral reserves do not have demonstrated economic viability.  The estimate of mineral resources may be materially affected by environmental, permitting, legal, title, socio-political, marketing, or other relevant issues.
  2. The model was domained using 38 high-grade wireframes and a modified 0.5 g/t Au grade shell to constrain the low-grade volume.
  3. Block model with parent block size of 10m x 10m x 10m with sub-blocking down to 0.625m x 0.625m x 2.5m in order to best fit the high-grade wireframe volumes.
  4. Density of 2.65 t/m3 was chosen based on a conservative value for similar deposits.
  5. Drill hole data was composited to 1.5m length based on the most common assay lengths in the dataset. Any unsampled intervals were set to 0 g/t Au.
  6. Composites were capped at 27 g/t Au in the high-grade domains, and at 7 g/t Au in the low-grade domain. These values were chosen using histogram, probability plot, and decile analyses.
  7. An iterative process was used to determine estimation parameters. Inverse-distance-cubed was chosen as the estimation method as it best reproduced the grade distribution of the input data.
  8. Maximum search distances of 50m were used in the high-grade domains, and 60m in the low-grade domain. Two search passes were used in order to prioritize closer composites and best honour the grade distribution of the input data.
  9. A minimum of 6 composites (from at least 2 separate drill holes) were required for a block to be estimated.
  10. The model was depleted in order to remove previously mined material (220,000t @ 5.14 g/t Au).
  11. All resources have been classified as inferred, according to the definitions of the Canadian Institute of Mining, Metallurgy and Petroleum (CIM), CIM Standards on Mineral Resources and Reserves, Definitions and Guidelines prepared by the CIM Standing Committee on Reserve Definitions and adopted by CIM Council May 10, 2014.
  12. The mineral resource estimate was prepared by Scott Zelligan, B.Sc., P.Geo., an independent resource geologist of Coldwater, Ontario.
  13. Figures are rounded to reflect the relative accuracy of the mineral resource estimate, therefore totals may not add correctly.

“We have had a busy and successful first field season on the Cassiar Property.  The extent and strength of the gold-bearing system on the Cassiar Property is district scale and we look forward to exciting times ahead as we drill to expand the Taurus resource and to test other quality targets on the Cassiar Property,” stated Linda Caron, VP Exploration for Margaux Resources.

Background

The Cassiar Property is a road-accessible, advanced-stage orogenic gold system located in northern British Columbia, Canada.  In June 2019, Margaux Resources Ltd. announced that the shareholders of Wildsky Resources Inc. approved the sale of its 100% interest in the Cassiar Property by way of an all-share option agreement with Margaux (see Margaux news release dated June 24, 2019).

On the Cassiar Property, gold mineralization occurs along a 15 km corridor. Within this structural corridor, gold occurs both as discrete high-grade veins and as near-surface low-grade style mineralization. Past production from the Cassiar Property (primarily 1979-1997) is approximately 920,000 tonnes at an average grade of 11.9 grams per tonne (g/t) gold, or a total of 350,000 ounces of hard rock gold. During this period, portions of the Cassiar Property were held by different operators, and production was from different mine operations (predominantly underground) utilizing different mill facilities.

The Cassiar Property has subsequently been amalgamated and now covers 56,000 hectares. It is bisected by Highway 37, with significant existing road access infrastructure and a 30 person camp with grid power.

Margaux believes there to be good potential for new discoveries of low-grade bulk tonnage gold mineralization on its Cassiar Property. Numerous known high-grade gold showings on the Cassiar Property have been tested by only limited drilling, and the property-wide potential for low-grade bulk tonnage deposits has only been investigated at Taurus, to date.

About Margaux Resources Ltd.
Margaux Resources Ltd. (TSX.V: MRL, OTCQB: MARFF) is a mineral acquisition and exploration company focused on gold exploration in British Columbia, and is directed by a group of highly successful Canadian business executives.

The Mineral Resource estimate was prepared by Scott Zelligan, P. Geo, who has approved the content of this news release, and is a Qualified Person under the terms of NI 43-101.

Kaesy Gladwin, Senior Geologist for Margaux Resources Ltd., is a Qualified Person under the terms of NI 43-101, and has reviewed the technical content of this press release for the Cassiar Project and approved its dissemination.

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 timing and receipt of required approvals, the timing of issuance of securities, and economic factors, business and operations strategies. There can be no assurance that the Company will complete the option payments to acquire the Property on the time frame required by the Cassiar option agreement or at all. The payments under the option agreement are subject to a number of conditions, including Margaux obtaining requisite TSX Venture Exchange approval to make the requisite option payments.  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
[email protected]

 

Margaux Resources Announces Cassiar Drill Data Review and Addition of Mr. James Maxwell to Advisory Committee

Margaux Resources Announces Cassiar Drill Data Review and
Addition of Mr. James Maxwell to Advisory Committee

CALGARY, ALBERTA — (July 3, 2019)

Margaux Resources Ltd. (TSX VENTURE:MRL, OTCQB:MARFF) (“Margaux” or the “Company”) is undertaking a compilation and analysis of data from the recently acquired Cassiar Gold Project in northern British Columbia (see the Company’s news release dated June 24, 2019).  Highlights include the following historic drill intercepts from the Taurus prospect:

        • ddh 07TC-01           116.3 m @ 2.23 grams per tonne (g/t) gold
        • ddh T95-29             118.0 m @ 1.87 grams per tonne (g/t) gold, including

                       86.0 m @ 2.47 grams per tonne (g/t) gold

    The Cassiar Gold Project is a 56,000 hectare, road-accessible, orogenic gold project that hosts a historical Inferred Resource of 1.04 million ounces gold at the Taurus prospect (32.4 million tonnes at an average grade of 1.0 g/t gold using a cut-off grade of 0.5 g/t gold). The Taurus resource is supported by a technical report entitled “Technical Report on the Taurus Project, Liard Mining District, B.C. for Cusac Gold Mines Ltd.,” dated May 15, 2009, and prepared by Wardrop Engineering Inc.

    Margaux is now in the process of incorporating the results of 2009 and 2012 drilling within the resource area to update the Taurus technical report.

    Once this report has been updated, Margaux will be furthering its economic assessment of the Cassiar property with more field work.  Tyler Rice, President and CEO said “Our very experienced team believes that the significant gold endowment of the Cassiar Gold Project supports an excellent opportunity for further unlocking ‘in the ground value’. Once the 43-101 report has been updated, Margaux will be leveraging significantly enhanced geological data and drilling information to develop targeted exploration programs.”

    Since 1993, 294 diamond drill holes have been drilled at Taurus, for a cumulate total of 35,000 m. Drilling has tested the zone within an area of 2000 x 900m. Select drill results are tabulated below.  Intervals listed in the table are drilled intercepts.  The relationship between drilled intercept and true width is unknown at this time.

    Drill collars and traces for these holes are shown on the accompanying figure.  Of note are the fact that most of these historic intercepts start at, or near, surface.

    Advisory Committee

    The Company is also pleased to announce that Mr. James Maxwell has joined Margaux’s Advisory Committee to advise the Company and Board of Directors. Mr. James Maxwell – Exploration Manager at Sabina Gold & Silver Corp.

    Mr. Maxwell is a professional geoscientist with over 20 years of experience, operating as a successful exploration manager and strategy leader with a direct strength in the exploration and development of orogenic gold discoveries.

    He has made considerable contributions to discovery teams at the Back River Gold Project in Nunavut and at the Rahill-Bonanza Gold Project in Red Lake, Ontario for a total of 5 major gold discoveries.

    Mr. Maxwell is the current Exploration Manager at Sabina Gold & Silver Corp. where he has helped grow a >5 Million Oz gold resource base from discovery to the feasibility study level, and now operates in the support of early stage development.

    He is a co-award winner of the Northwestern Ontario Prospectors Association Discovery of the Year Award, an acting member of the PDAC Health & Safety Committee, and an indigenous member of the Sachigo Lake First Nation of Ontario.

    With a strong track record in exploration of orogenic gold deposits focused in Northern Canada, Mr. Maxwell is a leader of modern exploration techniques, strategy, safety, environment and corporate social responsibility.

    Qualified Person

    Linda Caron, M.Sc., P.Eng., Margaux’s Vice President of Exploration, is Margaux’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 is pleased to announce the Company’s recently updated website, www.margauxresources.com, which includes details of the Cassiar Project and features an interview with Linda Caron, Margaux’s VP Exploration by CRUX Investor.

    Margaux Resources Ltd. (TSX.V: MRL, OTCQB: MARFF) is a mineral acquisition and exploration company focused on gold exploration in British Columbia, and is directed by a group of highly successful Canadian business executives.

    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: the timing for and completion of the updated technical report on the Cassiar Gold Project, sourcing of the required funds for the exploration expenditures, Margaux’s exploration plans and work commitments, the potential of mineral resources and potential for recovery thereof, the timing of reporting exploration results, 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
    [email protected]