Margaux Resources Ltd. is pleased to announce that further to its press release dated March 5, 2020, and subject to receiving final regulatory approvals, it has closed the first tranche of its non-brokered private placement by issuing 3,571,500 units of the Company at a price of $0.07 for aggregate proceeds of $250,005. Each Unit consists of one common share in the capital of the Company and one Common Share purchase [...]
Margaux Resources Ltd. is pleased to announce that subject to TSX Venture Exchange approval, it intends to issue, pursuant to a non-brokered private placement, up to 14,285,714 units of the Company at a price of $0.07 per Unit for gross proceeds of up to $1,000,000 . Each Unit will consist of one common share in the capital of the Company and one Common Share purchase warrant . Each Common Warrant will entitle the holder [...]
Margaux Resources Ltd. is pleased to announce the appointment of Mr. Stephen J.J. Letwin to the Company's Board of Directors effective March 2, 2020. Mr. Letwin, who has been a member of Margaux's Advisory Committee since November 2016, is looking forward to taking on the Director role. "I am excited about joining the Margaux Resources Board because I am a very strong believer in the company's current assets and financial [...]
Drill core resampling confirms bulk tonnage target potential at Backyard prospect Rock grab samples return multi-ounce assay results at Taurus and Lucky New data supplements ongoing compilation work for drill target generation at Cassiar Margaux Resources Ltd. is pleased to share analytical results from the 2019 field season at its Cassiar Gold Property in northern British Columbia. The 2019 exploration program was an [...]
Margaux Resources Ltd. has elected to terminate the option agreements on the Jackpot and Old Timer properties in southern British Columbia. Margaux entered into an option agreement with a third party in 2016 giving the Company the exclusive option to acquire the Jackpot Property by making payments to the third party of an aggregate $340,000 cash and aggregate issuance of 500,000 shares, paid in several installments over 6 [...]
1MM oz gold Inferred Resource at 0.7 g/t Au cut-off for past-producing Taurus Property Margaux Resources Ltd. recently filed a National Instrument 43-101 Technical Report to support its maiden mineral resource estimate for the Taurus Deposit on the Cassiar Gold property in British Columbia, Canada . Details of the 1 MM oz gold inferred resource at 1.43 g/t Au were announced in the Company's news release dated September [...]
Margaux Resources Ltd. is pleased to announce that further to its press release dated October 7, 2019, and subject to receiving TSX Venture Exchange approval, it has closed its non-brokered private placement by issuing: 555,555 units of the Company at a price of $0.09; and 5,410,000 flow-through units at a price of $0.10 per Flow-Through Unit. The Flow-Through Units were re-priced from $0.11 to $0.10 per Flow-Through Unit [...]
Margaux Resources Ltd. is pleased to announce that it has received final approval from the TSX Venture Exchange for its previously announced option agreement with Wildsky Resources Inc. . The Option Agreement provides Margaux with the option to acquire a 100% interest in the Cassiar Gold Project in northern British Columbia. In addition, the TSXV has accepted Margaux's filing of an amended NI 43-101 maiden mineral [...]
Margaux Resources Ltd. is pleased to announce that subject to TSX Venture Exchange approval, it intends to issue, pursuant to a non-brokered private placement, up to: 3,333,333 units of the Company at a price of $0.09 per Unit; and 4,090,909 flow-through units of the Company at a price of $0.11 per Flow-Through Unit, for aggregate gross proceeds of up to $750,000 . Each Unit will consist of one common share in the capital [...]
1MM oz gold Inferred Resource at 0.7 g/t Au cut-off for past-producing Taurus Property Margaux Resources Ltd. is pleased to announce its maiden mineral resource estimate for the Taurus Deposit on the Cassiar Gold 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 [...]
Margaux Resources Ltd. is pleased to announce that further to its press release dated May 14, 2019 and June 3, 2019, and subject to receiving TSX Venture Exchange approval, it has closed the second tranche of its non-brokered private placement by issuing: 7,857,144 units of the Company at a price of $0.07; and 2,000,000 flow-through units at a price of $0.08 per Flow-Through Unit. Gross proceeds raised under the first and [...]
Margaux Resources Ltd. is undertaking a compilation and analysis of data from the recently acquired Cassiar Gold Project in northern British Columbia . Highlights include the following historic drill intercepts from the Taurus prospect: ddh 07TC-01 116.3 m @ 2.23 grams per tonne gold ddh T95-29 118.0 m @ 1.87 grams per tonne gold, including 86.0 m @ 2.47 grams per tonne gold The Cassiar Gold Project is a 56,000 hectare [...]