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Margaux Resources Ltd.
Summary
| Project: | Jersey Emerald | |
|---|---|---|
| Deposit: | Jersey Emerald | |
| Location: | Canada | |
| Commodities: | Lead-Zinc | |
| Date: | 7/18/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 18-7-2017: Margaux Resources Ltd. announces an Exploration/Drilling Update report for its Jersey Emerald deposit at the Jersey Emerald project. Drilling results incl. 6.10m @ 2.61% Pb, 0.44% Zn from 59.74m. Margaux Resources Ltd. (TSX VENTURE:MRL, OTCQB:M | |
| 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 announce that permit approval has been granted by the Ministry of Energy and Mines of British Columbia for drilling on the Company’s Sheep Creek, Jackpot and Jersey properties near Salmo in southern British Columbia. Drilling is planned on each of these properties later in the 2017 season, commencing mid-August, once preparatory work is complete. “The granting of these permits allows us to move forward with Phase 2 of our 2017 Drilling Program, with the aim of gaining a greater in depth understanding of our Kootenay Arc properties,” said Tyler Rice, President & CEO of Margaux. The granted permits are multi-year area-based (“MYAB”) permits that authorize up to 20 drill sites on each of the three properties over a period of up to 5 years. Under the terms of these permits, Margaux has the flexibility regarding specific drill hole locations, providing that all disturbance occurs within the permitted area and that total disturbance does not exceed the capped permitted amount. Similar permits have been submitted to the Ministry of Energy and Mines for the Company’s Bayonne and Ore Hill properties. Approval is pending for these additional permits. The Company has also received final results for the Spring 2017 drill program on the Jersey property. Results from holes JE17-01 and JE17-02 have been previously released (refer to Company news release dated June 28, 2017). Highlights from holes JE17-05 and JE17-06 are listed in the table below. There were no significant results from holes JE17-03 or JE17-04. | |
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