Margaux Resources is pleased to report that it has submitted a joint application to the British Columbia Ministry of Energy, Mines & Petroleum Resources, and the Ministry of Environment & Climate Change Strategy, for a Permit under the BC Mines Act to undertake a Bulk Sample of up to 10,000 tonnes of historic tailings from the historic Jersey-Emerald mine, in southeastern BC. Bulk Sample Application The application is for [...]
Margaux Resources is pleased to announce that the Company received in excess of the previously announced $3 million non-brokered private placement , and subject to receiving final regulatory approvals, has increased and closed the second tranche of the non-brokered private placement by issuing: 1,377,600 units of the Company at a price of $0.30 per Unit; and 3,076,521 common shares of the Company issued on a "CEE [...]
Margaux Resources announces it has been granted an extension of its previously-announced non-brokered private placement for aggregate gross proceeds of up to $3 million until December 22, 2017. Additional details regarding the Offering can be found in the Company's news release dated November 2, 2017 and December 7, 2017. Subject to final TSX Venture Exchange approvals, the allocation of the Offering between the [...]
Margaux Resources Ltd. is pleased to announce that it has acquired additional claims to expand the Company's Kootenay Arc project holdings in southeastern British Columbia. In addition, the Company has received high-grade gold grab sample results from the Sheep Creek and Bayonne properties. Key Highlights 1,670 hectares of newly acquired mineral claims; orogenic gold mineralization favourable area High-grade gold sample [...]
Margaux Resources Ltd. is pleased to announce that further to its press release dated November 2, 2017 and subject to receiving final regulatory approvals, it has closed the first tranche of its previously announced non-brokered private placement by issuing: 4,399,999 units of the Company at a price of $0.30 per Unit; and 1,134,943 common shares of the Company issued on a "CEE flow-through" basis pursuant to the Income [...]
Margaux Resources Ltd. is pleased to announce it has received all the drill results from Company's 2017 drill program on the Jackpot zinc property, part of the Company's Kootenay Arc project in southern B.C. Key Highlights from the Jackpot drill program include: 8.8 m grading 7.13% zinc, 0.93% lead and 8.4 g/t silver 8.5 m grading 6.66% zinc, 0.70% lead and 6.5 g/t silver 6.0 m grading 6.52% zinc, including 2 m grading [...]
Margaux Resources is pleased to announce it has received final results from its fall 2017 diamond drill program on the Bayonne gold property, part of the Company's larger Kootenay Arc project in southern B.C. Key Highlights Drilling confirmed high-grade gold in Bayonne Main and A veins, below the limit of historic mining, including 15.31 g/t gold over 1.85m and 12.7 g/t gold over 1.0 m First ever drilling on Maggie Aikens [...]
Margaux Resources has received further results from the Company's recent drill program on the Jackpot zinc property, part of the Company's Kootenay Arc project in southern B.C., showing high grade zinc mineralization from the Jackpot East zone, as well as a further broad interval of low grade mineralization at the Lerwick zone. Key Highlights 8.5 m grading 6.66% zinc, 0.7% lead and 6.51 g/t silver ; Multiple mineralized [...]
Margaux Resources is pleased to announce that, subject to TSX Venture Exchange approval it intends to issue, pursuant to a non-brokered private placement, up to: 8,334,000 units of the Company at a price of $0.30 per Unit; and 1,389,000 common shares of the Company issued on a "CEE flow-through" basis pursuant to the Income Tax Act at a price of $0.36 per Flow-Through Share, for aggregate gross proceeds of up to $3 [...]
Margaux Resources Ltd. has received initial results from drilling showing broad intervals of zinc mineralization on the Jackpot zinc property, part of the Company's Kootenay Arc project in southern B.C. Key Highlights ● Broad Near-surface zinc mineralization intersected in drilling from two target zones; ● 61.1 m grading 1.01% zinc ; ● 49.2 m grading 1.04% zinc ; and ● Results from only two holes received to date. Nine holes, totaling 1,397 m, were drilled in the Jackpot 2017 drill program. Drilling was within a 500 x 1,000 m area; to test the Jackpot Main, Lerwick and Jackpot East zones. To date, results have been received for 2 holes only . Broad intervals of zinc mineralization were intersected in both holes, including 61.1 m grading 1.01% Zn at the... [...]
Margaux Resources Ltd. is pleased to announce partial results from the recently completed diamond drill program on the Bayonne gold property, part of the Company's Kootenay Arc project in southern B.C. Key Highlights ● 18.2 g/t gold intercept from first ever drilling on Maggie Aikens vein. ● 31.5 g/t gold intercept from drilling at Bayonne Main vein. ● 15.31 g/t gold over 1.85m from Bayonne Main vein, 20m below the limit of historic mining. ● 1 km surface trace for Bayonne Main vein. The Bayonne property hosts several high-grade, steeply dipping gold-bearing orogenic quartz veins hosted by granodiorite. Thirteen holes totaling 2,089 m were drilled on the Bayonne property during 2017, to test 3 separate vein targets; Bayonne Main, Bayonne 'A' and Maggie... [...]
Margaux Resources is pleased to announce a large gold soil anomaly at Sheep Creek, as well as provide an update on its 2017 drill program on its Kootenay Arc properties in southeastern British Columbia. Key Highlights 48 soil samples taken within anomaly zone, results include a maximum of 13.5 g/t gold and an average of 2.95 g/t gold. Thirteen holes totalling 2,089 m drilled on the Bayonne property. Rig currently being [...]