Margaux Announces Acquisition of Ore Hill and Aspenex Properties in Southeastern British Columbia

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[{"type":"text","content":"Margaux Announces Acquisition of Ore Hill and Aspenex Properties in Southeastern British Columbia(via TheNewswire)\n \n \n\nClick Image To View Full Size\n\n \n \nCALGARY, ALBERTA / The Newswire / March 2, 2017\n\n \n \nMargaux Resources Ltd. (TSX VENTURE:MRL, OTCQB:MARFF) (\"Margaux\" or the \"Company\") is pleased to announce that it has entered into the following agreements with third parties (the \"Vendors\"): (i) an option agreement (the \"Option Agreement\") for the acquisition of 100% of the Ore Hill property; and (ii) a purchase and sale agreement (the \"Purchase Agreement\") for the acquisition of 100% of the Aspenex property (collectively with the Ore Hill property, the \"Properties\"), located in Salmo, British Columbia.\n\n \n \n\"Margaux is excited to be consolidating the area around our Jersey-Emerald and Sheep Creek properties by adding the Properties to our portfolio. As previously stated we are pursuing a regional consolidation strategy targeted at prospective historical mining sites proximal to Margaux' core assets, where we believe there is likely to be untapped polymetallic mining opportunity,\" commented Company CEO and President, Tyler Rice. \n\n \n \nThe Ore Hill and Aspenex Properties are located in the Kootenay Arc belt in southeastern British Columbia approximately 12 kilometres southeast and 5 kilometres east, respectively, of the community of Salmo, and adjacent to Margaux's Jersey-Emerald and Sheep Creek properties. The Properties consist of two mineral claims, covering 338.13 hectares in the Nelson Mining Division, and are prospective for gold, silver, zinc and lead.\n\n \n \nOre Hill\n\n\n \nThe Ore Hill claim adjoins the southern portion of Margaux's Sheep Creek block of claims and the eastern portion of the Jersey-Emerald property. The new claim covers the historically known Ore Hill and Bonanza occurrences. \n\n \n \nThe Bonanza showing is a gold-bearing quartz vein similar to the Sheep Creek veins, with minor historical production and minimal modern exploration. The Ore Hill zone represents the northern continuation of mineralization on the Sumit claim (part of Margaux's Jersey-Emerald property). High-grade gold occurs within limestone in the Sumit-Ore Hill zone. In some cases, mineralization is confined to narrow quartz veins, but in other areas, it occurs in a crackle zone up to 10 metres wid...

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