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Margaux Resources Ltd.
Summary
| Project: | Jersey Emerald | |
|---|---|---|
| Deposit: | Jersey Emerald | |
| Location: | Canada | |
| Commodities: | Gold-Silver-Zinc-Tungsten | |
| Date: | 2/15/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 15-2-2017: Margaux Resources Ltd. announces an Exploration/Drilling Update report for its Jersey Emerald deposit at the Jersey Emerald project. Drilling results incl. 0.25m @ 59.10g/t Au, 31.60g/t Ag from 199.12m. Margaux Resources Ltd. (TSX VENTURE:MRL, | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Linda Caron (Internal) | |
| ABSTRACT: | Margaux Resources Ltd. (TSX VENTURE:MRL, OTCQB:MARFF) ("Margaux" or the "Company") is pleased to announces the results from the fall 2016 drill program at the Jersey Emerald property (the “Property”), located near Salmo in southeastern British Columbia. Margaux completed 894 m of drilling in 6 holes in the 2016 program. Drilling was north of the Emerald lead-zinc mine, beyond the limits of any historic mining on the Property. The first three holes were drilled to test a gold exploration target, while the final 3 holes were drilled approximately 150 m to the south, to test a lead-zinc target. “These gold intercepts, coupled with the Company’s recently announced option agreements for the nearby Sheep Creek and Bayonne properties, support Margaux’s diversification as a polymetallic lead-zinc, tungsten and gold exploration company, operating within an area rich in both mineral endowment and in infrastructure,” stated Tyler Rice, President and CEO. Margaux’s geological team has been working at compiling a unified, coherent database of the historic drill and underground information for the Jersey-Emerald property. Drilling in 2016 was designed to provide information regarding the style, orientation and continuity of gold mineralization in this area. Drilling confirmed that gold mineralization occurs in late-stage steeply-dipping siliceous dykes that cross-cut stratigraphy. Within the siliceous dykes, gold is strongly associated with bismuth and tellurium.A detailed review of historical information from the Jackpot-Oxide property is also underway, with diamond drilling planned in 2017 to confirm and expand upon historically drilled lead-zinc mineralization. | |
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