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Margaux Resources Ltd.
Summary
| Project: | Cassiar | |
|---|---|---|
| Deposit: | Taurus | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 9/11/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 11-9-2019: Margaux Resources Ltd. announces a Resource Estimation report for its Taurus deposit at the Cassiar project. Initial mineral resource estimate for project. Calgary, Alberta - (Newsfile Corp. – September 11, 2019) - Margaux Resources Ltd. (TSX V | |
| Resources: | (Resource, Inf.): 21.83Mt @ 1.43g/t Au | |
| CP/QP: | [Resources]: Scott Zelligan (Independent) | |
| ABSTRACT: | Calgary, Alberta - (Newsfile Corp. – September 11, 2019) - Margaux Resources Ltd. (TSX VENTURE:MRL, OTCQB:MARFF) ("Margaux" or the "Company") is pleased to announce its maiden mineral resource estimate for the Taurus Deposit on the Cassiar Gold property (the “Cassiar Property”) in British Columbia, Canada. “The Taurus resource estimate confirms the potential for significant bulk-tonnage deposits at the Cassiar Property. Margaux is excited to continue our evaluation of the Cassiar Property in preparation for a focused 2020 exploration program that will include drilling,” stated Tyler Rice, President and CEO of Margaux. The mineral resource estimate was independently prepared by Scott Zelligan, P.Geo. The mineral resource estimate is based on the results from 423 drill holes completed to date on the Cassiar Property. Wireframes were prepared using the drill hole information combined with geological interpretations of the deposit and validated through a thorough literature review, historical observations, and internal modeling by several recent project stakeholders. Further details related to the current mineral resource estimate are detailed below. Table 1 outlines the total base case Mineral Resources. | |
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