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Margaux Resources Ltd.
Summary
| Project: | Jackpot | |
|---|---|---|
| Deposit: | Jackpot | |
| Location: | Canada | |
| Commodities: | Zinc | |
| Date: | 10/25/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 25-10-2017: Margaux Resources Ltd. announces an Exploration/Drilling Update report for its Jackpot deposit at the Jackpot project. Drilling results incl. 61.1m @ 1.01% Zn from 16.7m. Calgary, Alberta--(Newsfile Corp. - October 25, 2017) - Margaux Resource | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Linda Caron (Internal) | |
| ABSTRACT: | Calgary, Alberta--(Newsfile Corp. - October 25, 2017) - Margaux Resources Ltd. (TSXV: MRL) (OTCQB: MARFF) ("Margaux" or the "Company") has received initial results from drilling showing broad intervals of zinc mineralization on the Jackpot zinc property, part of the Company's Kootenay Arc project in southern B.C. Nine holes, totaling 1,397 m, were drilled in the Jackpot 2017 drill program. Drilling was within a 500 x 1,000 m area; to test the Jackpot Main, Lerwick and Jackpot East zones. To date, results have been received for 2 holes only (JP17-02 and JP17-05). Broad intervals of zinc mineralization were intersected in both holes, including 61.1 m grading 1.01% Zn at the Main Zone and 49.2 m grading 1.04% Zn at the Lerwick Zone, as highlighted below and on the attached map. Tyler Rice, President and CEO for Margaux stated "The initial drill results showing such broad mineralization from our Jackpot property are game-changing. We are eagerly awaiting the results from the balance of the 2017 drill program." Previous exploration on the Jackpot property targeted high-grade zinc mineralization, with only selective sampling completed. Margaux's 2017 drill program suggests that, in addition to the known high-grade potential, the property has potential for a large tonnage, low-grade, near-surface zinc resource. The low-grade, bulk tonnage potential of the property has not been previously assessed. | |
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