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Margaux Resources and CRONIMET Agree to Assess the Historic Jersey Tailings for the Economic Recovery of Tungsten
(via TheNewswire) CALGARY, ALBERTA / The Newswire / September 13, 2017 - ...
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[{"type":"text","content":"Margaux Resources and CRONIMET Agree to Assess the Historic Jersey Tailings for the Economic Recovery of Tungsten(via TheNewswire)\n \n \nCALGARY, ALBERTA / The Newswire / September 13, 2017 - Margaux Resources Ltd. (TSX VENTURE:MRL, OTCQB:MARFF) (\"Margaux\" or the \"Company\") is pleased to announce it has signed a term sheet with CRONIMET Mining Processing AG (\"CRONIMET\"), a business unit of the CRONIMET Mining Group. The parties have agreed to perform a preliminary assessment towards determining the potential economic feasibility of recovering minerals from the historic tungsten tailings from the Jersey-Emerald mine (\"Tailings\"). Subject to receiving positive results from the preliminary assessment, project funding, regulatory approvals and permitting funding, the Jersey-Emerald Tailings Project (\"JET Project\") will advance to the next stage of assessment by expanding the operations to the pilot scale as further described below.\n\n \n \n\"With the price of tungsten increasing more than 50% since July, it is an exciting time to be progressing our tungsten Tailings project. We look forward to working with CRONIMET in the assessment of the Tailings. CRONIMET brings specialized, global experience in tailings recycling and this assessment will provide us with the precise analysis required to make the appropriate decisions regarding the economic recovery of the minerals,\" commented Tyler Rice, President and CEO of Margaux. \"We're already working with the Salmo Watershed Streamkeepers Society with their Rapid Assessment Rapid Remediation approach to better characterize the tailings. And the Jersey-Emerald Tailings Project will be a first step in consideration of wider potential opportunities to evaluate and pursue recycling and remediation of similar legacy sites in our operating area, benefitting the Company, our communities, and the protection of the environment in the Kootenay region.\"\n\n \n \n\"We see this extended partnership as a positive move in bringing industry into closer alignment with environmental interests, in the hope that we can eliminate the potential pollution from historical tailings\" said Gerry Nellestijn, coordinator of the Salmo Watershed Streamkeepers Society (\"Streamkeepers\").\n\n \n \nThe Tailings originated from what was once the second most productive tungsten mine in North America. Approxim...