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Margaux Resources Announces Large Gold Soil Anomaly at Sheep Creek and Rig Mobilization to the Sheep Creek Property Following Completion of Drilling at Bayonne
Calgary, Alberta--(Newsfile Corp. - October 4, 2017) - Margaux Resources Ltd. (TSXV: MRL) (OTC...
About this update from Cassiar Gold Corp
[{"type":"text","content":"Margaux Resources Announces Large Gold Soil Anomaly at Sheep Creek and Rig Mobilization to the Sheep Creek Property Following Completion of Drilling at BayonneCalgary, Alberta--(Newsfile Corp. - October 4, 2017) - Margaux Resources Ltd. (TSXV: MRL) (OTCQB: MARFF) (\"Margaux\" or the \"Company\") 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 Highlights48 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 mobilized to the Sheep Creek property.A large, strong gold soil anomaly was defined in the northern portion of the Sheep Creek property by Margaux's summer exploration program. The soil anomaly measures 450 m long by 50-100 m wide. 48 soil samples were taken from the anomalous area, returning an average value of 2.95 g/t gold, with 13 samples returning greater than 5 g/t gold, to a maximum of 13.5 g/t gold.\"The size and strength of this new soil anomaly within the Sheep Creek camp is remarkable. It occurs within a geologically prospective area that lacks outcrop and is unexplored by any historic drilling or underground work. This is an exciting target that will be tested as part of our upcoming drill program,\" stated Linda Caron, VP Exploration for Margaux Resources.The Sheep Creek camp represents the third largest orogenic gold vein camp in British Columbia (1), with total historic production of 736,000 ounces of gold (22.9 million grams of gold) at an average grade of 0.43 oz/t gold (14.7 g/t gold). Margaux's property, which includes 85% of the historic gold production from the camp, covers an area of approximately 7 km by 2 km. Historic mining was primarily during the period 1900 — 1951. There is minimal modern exploration on the Company's property.The map below outlines the surface soil sampling program that took place at Sheep Creek:To view an enhanced version of the Sheep Creek Property, 2017 Soil Sampling, Nugget Area, please visit: http://orders.newsfilecorp.com/files/2958/29475_a1507124375924_80.jpgMargaux is currently mobilizing the drill rig to the Sheep Creek property, to test a number of different vein-related targets. Thi...