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Margaux Resources Announces Rock Sample Results from the Jackpot Property, Enters a Community Partnership Agreement with The Salmo Watershed Streamkeepers Society to Assess Recycling and Remediation Opportunities of Historical Tailings, and Grants of Stock Options
(via TheNewswire) CALGARY, ALBERTA / The Newswire / August 18, 2017 -...
About this update from Cassiar Gold Corp
[{"type":"text","content":"Margaux Resources Announces Rock Sample Results from the Jackpot Property, Enters a Community Partnership Agreement with The Salmo Watershed Streamkeepers Society to Assess Recycling and Remediation Opportunities of Historical Tailings, and Grants of Stock Options(via TheNewswire)\n \n \n\n\n \n \nCALGARY, ALBERTA / The Newswire / August 18, 2017 - \n\n\n \nMargaux Resources Ltd. (TSX VENTURE:MRL, OTCQB:MARFF) (\"Margaux\" or the \"Company\") is pleased to announce zinc grab sample results from its Jackpot property in southeastern British Columbia. Additionally, it has entered into a collaboration-focused partnership agreement (the \"Partnership\") with The Salmo Watershed Streamkeepers Society (\"Streamkeepers\") to assess the potential for the recycling and remediation of historical tailings, focusing initially on legacy tungsten tailings on the Canex mining claim. \n\n \n \nJackpot Grab Sample Results\n\n\n \nMargaux is pleased to announce rock sample results from its ongoing work on the Company's Jackpot property in southern British Columbia. Representative chip samples were collected from surface showings at the Jackpot West, Jackpot Main and Lerwick zones in the southern part of the property. \n\n \n \nResults shown in the table below and on the accompanying map are composite, weighted average grades across continuous chip sample intervals.\n\n \n \n\"As the zinc supply shortage intensifies and with stock inventories down significantly since the beginning of the year, zinc prices have continued to be pushed north,\" commented President and CEO Tyler Rice. \"Prices have gained over 35% through the last year and now have reached a decade high of over US$1.41 per pound. In this environment we are encouraged to progress our exploration work on our zinc properties and are working to move them forward. We look forward to the results of our current drill program to support these strong zinc grab sample results.\"\n\n \n\nZone\n\n\n\n\nInterval \n\n\n\n(m)\n\n\n\n\nZn\n\n\n\n(%)\n\n\n\n\nPb\n\n\n\n(ppm)\n\n\n\n\nAg\n\n\n\n(ppm)\n\n\n\n\nWest\n\n\n\n\n3.0\n\n\n\n\n8.97\n\n\n\n\n1,630\n\n\n\n\n1.83\n\n\n\n\nWest\n\n\n\n\n2.0\n\n\n\n\n6.72\n\n\n\n\n1,872\n\n\n\n\n1.90\n\n\n\n\nLerwick\n\n\n\n\n6.0\n\n\n\n\n5.92\n\n\n\n\n179\n\n\n\n\n3.15\n\n\n\n\nMain\n\n\n\n\n5.0\n\n\n\n\n1.99\n\n\n\n\n145\n\n\n\n\n0.54\n\n\n \n \nIn this part of th...