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Margaux Resources announces results of 2019 exploration program at Cassiar Gold Property
Drill core resampling confirms bulk tonnage target potential at Backyard prospect Rock gr...
About this update from Cassiar Gold Corp
[{"type":"text","content":"Margaux Resources announces results of 2019 exploration program at Cassiar Gold PropertyDrill core resampling confirms bulk tonnage target potential at Backyard prospectRock grab samples return multi-ounce assay results at Taurus and LuckyNew data supplements ongoing compilation work for drill target generation at Cassiar Calgary, Alberta--(Newsfile Corp. - February 4, 2020) - Margaux Resources Ltd. (TSXV: MRL) (OTCQB: MARFF) (\"Margaux\" or the \"Company\") is pleased to share analytical results from the 2019 field season at its Cassiar Gold Property in northern British Columbia. The 2019 exploration program was an efficient and successful effort to assess and characterize the recently acquired Cassiar Gold Property. The program included rock and chip sampling of documented and previously unknown prospects, as well as select resampling of historic drill core. Exploration efforts were guided by the Margaux corporate strategy which prioritizes near-surface, bulk-tonnage gold resource discoveries.\"With an existing million-ounce resource base and demonstrated exploration potential across the property, we see numerous opportunities for potential resource growth at Cassiar through extension and exploration,\" stated CEO and president Tyler Rice. \"This optionality will be a key driver in evolving this district-scale project.\"Rock samplesA total of 373 rock samples were collected by Margaux geologists from prospects across the Cassiar Gold Property. Samples were taken on traverses and spot-checks of historically documented showings, in a program intended to confirm historical data and to familiarize Margaux geologists with property geology and prospects. The majority of samples taken were from outcrop, but float or subcrop samples were taken locally where outcrop was not available but source was inferred to be proximal. 290 grab samples and 75 chip samples were sent for gold and multielement analysis. Eight rock samples were submitted for lithogeochemical characterization. Samples were taken from four regions of the Cassiar Gold Property, shown in Figure 1, as well as some regional exploration samples. Gold assays returned encouraging results, including numerous high-grade quartz vein samples, and lower grades from altered and mineralized basalt. Selected high-grade samples from the program, returning greater than 5 g/t Au, are summ...