BC’s NEXT OROGENIC GOLD BULK COMPANY, WITH HIGH-GRADE UPSIDE
Agreements in place on 2 important Orogenic Gold districts in British Columbia
Margaux Resources Ltd. signed a Definitive Agreement with Wildsky Resources in March 2019 to acquire the Cassiar Gold Project in northern British Columbia. The all-share agreement received Wildsky shareholder approval in June 2019, and TSX-V approval in November 2019.
The Cassiar Gold Project is a large, advanced stage, road-accessible gold property. A NI 43-101-compliant resource estimate of 1M oz at 1.43 g/t Au for the Taurus bulk-tonnage gold deposit was completed in September 2019. The Property hosts several past-producing high-grade gold mines. There is upside potential for both bulk-tonnage and high-grade gold targets at the Property.
The Sheep Creek Gold District is an orogenic gold district with historical gold production of almost 800,000 ounces at an average gold grade of 14.4 g/t. Margaux Resources has consolidated the claims in this district for the first time ever, to allow systematic, modern exploration of the 10 km long prospective belt.
A recent Geoscience BC Report has shown that veining at Sheep Creek is analogous to that in the Barkerville area. In contrast to Barkerville, the Sheep Creek Gold District has had minimal modern exploration since mining ceased in the early 1950’s.