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Kootenay Arc Zinc District

Kootenay Arc Zinc District

Margaux’s project straddles the deformation zone at the boundary between sediments deposited off the western margin of ancestral North America and the accreted Quesnel terrane. That deformation zone is known regionally as the Kootenay Arc. It hosts numerous carbonate-hosted lead-zinc deposits, including the past-producing Jersey mine on Margaux’s property, and the Pend Oreille mine in northern Washington, currently in production by Teck.

The Jersey Mine produced 8 million tonnes of lead-zinc mineralization, at a combined grade of 5.8% Pb+Zn. Mining, which ceased in the early 1970’s, was from a near continuous zone of mineralization that extended for 1800 m by 600 m. Mineralization consists of multiple metre-scale horizons of flat-lying stratabound mineralization hosted within lower Cambrian Laib Formation dolomite and limestone, on the upper limb of a large overturned anticline. Historically-mined areas of lead-zinc mineralization ranged up to 30 m in true thickness.

A 43-101 compliant lead-zinc resource exists for the Jersey property, as listed below. Further details are contained in the 2010 43-101 Report.

Low-grade potentially open-pittable Jersey lead-zinc resource (see 2010 NI 43-101 Report):

Kootenay-Arc-Low-Grade-Drill-Table

Higher-grade Jersey lead-zinc resource (see 2010 NI 43-101 Report):

Kootenay-Arc-High-Grade-Drill-Table

At the Jersey mine, Cretaceous skarn, with local tungsten and gold mineralization, overprints the earlier lead-zinc mineralization. Historically, tungsten was mined from skarn in the footwall to the Jersey lead-zinc horizon.

Margaux added the Jackpot property to its Kootenay Arc Zinc project in late 2016, and completed a 9 hole (1397 m) drill program on the property in 2017. Stratabound, carbonate-hosted lead-zinc mineralization, similar to the Jersey mine, occurs at Jackpot. Unlike Jersey, there has been no historic mining at Jackpot. Numerous high-grade zinc intercepts were intersected in 2017, as shown below.

Drill Hole Tbale

As with Jersey, the Jackpot also hosts near-surface, lower-grade, potentially open-pittable zinc mineralization, as listed below:

Jackpot_drill_table_2

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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