Margaux Resources Ltd. is pleased to announce that further to its press release dated September 20, 2018, and subject to receiving final regulatory approvals, it has closed the first tranche of its non-brokered private placement by issuing: 7,033,100 units of the Company at a price of $0.08; and 2,379,566 common shares of the Company issued on a "CEE flow-through" basis pursuant to the Income Tax Act at a price of $0.10 [...]
Margaux Resources Ltd. has elected to terminate the option agreement on the Jersey-Emerald property in southern British Columbia. Margaux entered into the option agreement with Apex Resources Inc. in 2013. The ongoing monthly option payments to Apex of $50,000 were determined by Margaux's board of directors to be unjustifiable in light of current market conditions and metal prices, and no longer in the best interest 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: 4,375,000 units of the Company at a price of $0.08 per Unit; and 5,000,000 common shares of the Company issued on a "CEE flow-through" basis pursuant to the Income Tax Act at a price of $0.10 per Flow-Through Share, for aggregate gross proceeds of up to [...]
Margaux Resources Ltd. is pleased to announce that further to its press release dated August 15, 2018, the Company received final regulatory approval on September 12, 2018 and has closed its previously announced non-brokered private placement by issuing 1,486,020 common shares of the Company issued on a "CEE flow-through" basis pursuant to the Income Tax Act at a price of $0.23 per Flow-Through Share, for gross proceeds [...]
Margaux Resources Ltd. is pleased to announce that further to its press release dated July 23, 2018 and subject to receiving final regulatory approvals, it has closed the first tranche of its previously announced non-brokered private placement by issuing: 1,486,020 common shares of the Company issued on a "CEE flow-through" basis pursuant to the Income Tax Act at a price of $0.23 per Flow-Through Share, for gross proceeds [...]
Margaux Resources Ltd. is pleased to announce that it has commenced drilling on the Company's Sheep Creek Gold District and, subject to TSX Venture Exchange approval, it intends to issue, pursuant to a non-brokered private placement, up to: 833,333 units of the Company at a price of $0.18 per Unit; and 3,260,869 common shares of the Company issued on a "CEE flow-through" basis pursuant to the Income Tax Act at a price of [...]
Margaux Resources is pleased to announce it has commenced its 2018 drill program; has initiated testing of Sheep Creek Gold District historic mine dumps for potential gold recovery; and provides an update on the Company's tungsten tailings metal recovery and remediation initiative. Highlights 2018 drill program has commenced. Testing of Reno and Nugget mine dumps initiated for gold recovery potential. Tungsten tailings [...]
Margaux Resources is pleased to provide an update on the 2018 work program for the Company's Sheep Creek Gold District, in southeastern BC. Approximately 6,000 m of diamond drilling is planned to test gold targets within the Sheep Creek Gold District in 2018; drilling is expected to commence in June. Key Highlights 6,000 m of diamond drilling to test gold targets to commence in June 2018. Drilling on recently consolidated [...]
Margaux Resources is preparing for exploration work on its Wilson Creek property, part of the Company's Kootenay Arc Zinc District in southern B.C. Key Highlights Exploration to target Sedex-style zinc mineralization on the Wilson Creek property Strong zinc soil anomaly, approximately 2,500 m x 600 m in size; and Soil anomaly defined by zinc values 1,000 ppm to a maximum of 9,000 ppm zinc. The Wilson Creek property is an [...]
Margaux Resources is commencing a ground-based geophysical survey on the Company's Kootenay Arc Zinc District in southern B.C. The 17-line kilometer survey will better characterize a near mine conductive horizon, as identified from a 2009 airborne HeliGEOTEM survey, for subsequent drill testing. The horizon of interest is 750 m in length and located less than one kilometer from the Company's past producing Jersey-Emerald [...]
Margaux Resources is pleased to provide highlights of its 2017 exploration activities on its southern British Columbia Sheep Creek Gold District and Kootenay Arc Zinc District. A new video which summarizes the 2017 work program is available at the following link, , and is posted on the Company's website, www.margauxresources.com. Funding is in place for Margaux's 2018 exploration program, which will focus primarily on the [...]
Margaux Resources is pleased to report that it has completed two significant consolidations of lands, projects and mineral tenures, to establish the Margaux Sheep Creek Gold District, and the Margaux Kootenay Arc Zinc District . The Sheep Creek Gold District and Kootenay Arc Zinc District are adjoining Margaux projects, which together cover over 24,000 hectares of mineral tenure. For the first time ever, Margaux has [...]