Margaux Resources Ltd. is pleased to announce it has granted an aggregate of 3,975,000 Common Share purchase options in accordance with the Company's shareholder approved stock option plan. These stock options include 1,500,000 options to directors, being Messrs. James Letwin, Robert Derkitt, Douglas Foster and Chris Stewart; 825,000 to officers, being Messrs. Tyler Rice and Don Nguyen; 625,000 to the advisory committee [...]
Margaux Resources Ltd. is pleased to announce that the shareholders of Wildsky Resources Inc. approved the sale of its 100% interest in the Cassiar Gold Project in northern British Columbia by way of an all-share option agreement with Margaux . The Cassiar Property is a road-accessible, advanced-stage orogenic gold system, with a historical Inferred Resource of 1.04 million ounces gold . The resource is supported by a [...]
Margaux Resources Ltd. is pleased to announce that further to its press release dated May 14, 2019, and subject to receiving final regulatory approvals, it has closed the first tranche of its non-brokered private placement by issuing: 1,645,345 units of the Company at a price of $0.07; and 375,000 flow-through units at a price of $0.08 per Flow-Through Unit, for aggregate gross proceeds of $145,174. Each Unit consists of [...]
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; and 18,750,000 flow-through units of the Company at a price of $0.08 per Flow-Through Unit, for aggregate gross proceeds of up to $2.5 Million . Each Unit will consist of one common share in the [...]
Margaux Resources Ltd. is pleased to announce the issuances of: 2,375,000 units of the Company at a price of $0.08; and 3,000,000 flow-through units at a price of $0.10 per Flow-Through Unit a $210,000 principal sum unsecured promissory note , for aggregate gross proceeds of $700,000. Units and Flow-Through Units The previously announced non-brokered private placement is subject to receiving final regulatory approvals [...]
Margaux Resources Ltd. is pleased to announce that it has executed the definitive agreement with Wildsky Resources Inc. for an option to acquire a 100% interest in the Cassiar Gold Project in northern British Columbia by way of an all-share agreement. The Cassiar Gold Project is a road-accessible, advanced-stage orogenic gold system, with a historical Inferred Resource of 1.04 million ounces gold . The resource is [...]
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: 3,125,000 units of the Company at a price of $0.08 per Unit; and 2,500,000 flow-through units of the Company at a price of $0.10 per Flow-Through Unit, for aggregate gross proceeds of up to $500,000 . Each Unit will consist of one common share in the capital [...]
Margaux Resources Ltd. is pleased to announce that it has entered into a non-binding Letter of Intent with Wildsky Resources Inc. for an option to acquire the Cassiar Gold Project in northern British Columbia by way of an all-share agreement. The Cassiar Gold Project is an advanced-stage orogenic gold system, with past-production of approximately 920,000 tonnes at an average grade of 11.9 grams per tonne gold, or a total [...]
Calgary, Alberta-- - Margaux Resources Ltd. is pleased to announce that it has entered into an option agreement with a third party to option the Old Timer gold property , near Salmo in southern British Columbia. The Old Timer Property is a road-accessible property, located 10 km north of the Company's Jackpot property, at the north end of the historic Ymir gold belt. It is comprised of 16 mineral claims, totalling [...]
Margaux Resources Ltd. is pleased to announce that it received in excess of the previously announced $850,000 non-brokered private placement , and subject to receiving final regulatory approvals, has increased and closed the second tranche of its non-brokered private placement by issuing: 3,550,000 units of the Company at a price of $0.08; and 250,000 common shares of the Company issued on a "CEE flow-through" basis [...]
Margaux Resources Ltd. is pleased to announce that follow-up drilling on the Company's Bayonne gold property in southern BC is complete. Two holes were drilled to follow up the Company's recent 12 hole drill program on the property. Previously released highlights from the 12 hole program include: Vein intercepts from drilling: 1.40 m @ 39.43 g/t gold, 131.2 g/t silver 0.88 m @ 16.88 g/t gold, 60.2 g/t silver 1.14 m [...]
Margaux Resources Ltd. is pleased to announce that results have been received for the 12 hole drill program recently completed on the Bayonne gold property, part of the Company's Sheep Creek Gold District in southern B.C. Based on these results, a drill has been mobilized to the property for follow-up drilling. Highlights All of the 2018 drill holes intersected veining; Vein intercepts from drilling include: 1.40 m [...]
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