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Margaux Resources Announces Cassiar Drill Data Review and Addition of Mr. James Maxwell to Advisory Committee
Calgary, Alberta--(Newsfile Corp. - July 3, 2019) - Margaux Resources Ltd. (TSXV: MRL) (OTC...
About this update from Cassiar Gold Corp
[{"type":"text","content":"Margaux Resources Announces Cassiar Drill Data Review and Addition of Mr. James Maxwell to Advisory CommitteeCalgary, Alberta--(Newsfile Corp. - July 3, 2019) - Margaux Resources Ltd. (TSXV: MRL) (OTCQB: MARFF) (\"Margaux\" or the \"Company\") is undertaking a compilation and analysis of data from the recently acquired Cassiar Gold Project in northern British Columbia (see the Company's news release dated June 24, 2019). Highlights include the following historic drill intercepts from the Taurus prospect:ddh 07TC-01                    116.3 m @ 2.23 grams per tonne (g/t) goldddh T95-29                       118.0 m @ 1.87 grams per tonne (g/t) gold, including                                          86.0 m @ 2.47 grams per tonne (g/t) goldThe Cassiar Gold Project is a 56,000 hectare, road-accessible, orogenic gold project that hosts a historical Inferred Resource of 1.04 million ounces gold at the Taurus prospect (32.4 million tonnes at an average grade of 1.0 g/t gold using a cut-off grade of 0.5 g/t gold). The Taurus resource is supported by a technical report entitled \"Technical Report on the Taurus Project, Liard Mining District, B.C. for Cusac Gold Mines Ltd.,\" dated May 15, 2009, and prepared by Wardrop Engineering Inc. Margaux is now in the process of incorporating the results of 2009 and 2012 drilling within the resource area to update the Taurus technical report. Once this report has been updated, Margaux will be furthering its economic assessment of the Cassiar property with more field work. Tyler Rice, President and CEO said \"Our very experienced team believes that the significant gold endowment of the Cassiar Gold Project supports an excellent opportunity for further unlocking 'in the ground value'. Once the 43-101 report has been updated, Margaux will be leveraging significantly enhanced geological data and drilling information to develop targeted exploration programs.\" Since 1993, 294 diamond drill holes have been drilled at Taurus, for a cumulate total of 35,000 m. Drilling has tested the zone within an area of 2000 x 900m. Select drill results are tabulated below. Intervals listed in the table are drille...