The property hosts numerous zones of known lead-zinc mineralization (Jackpot East, Jackpot Main, Jackpot West, Lerwick, Big Zinc, Oxide Fault) that have little modern exploration work.
At the Jackpot East zone, 143 historic drill holes (11,000 m) and 2 levels of underground workings explore a zone of complexly folded lead-zinc mineralization. Most of the historic work was completed by New Jersey Lead and Zinc (1949-54) and by Cominco (1975-77). Margaux has compiled the historic drill and underground data for the Jackpot East zone and completed a 3D rendering of the data.
The 3D model outlines a mineralized zone that trends roughly north-south, has been traced along strike for 600 m, and remains open in both directions. The central 160 m portion of the zone is well tested by drilling, with fans of holes drilled from underground on 50 foot centers. There has not been any historic mining from this zone. There is good potential to expand the known zone of lead-zinc mineralization at Jackpot East, leading to a 43-101 compliant resource estimate.
2017 Margaux Resources Jackpot Property
The Big Zinc target is located 3 km north of Jackpot East. It represents a boulder train of high grade zinc-oxide float boulders. Boulders weighing up to 45 kg, with grades exceeding 40% Zn, occur within this zone, which extends for up to 600 m long x 300 m wide. A large, strong zinc soil anomaly is coincident with the boulder train. Minimal drilling has been done to locate a bedrock sulfide source to the zinc boulder train and this remains a high priority target.