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Margaux Resources Announces Significant Expansion of its Kootenay Arc Project Holdings, Plus High-Grade Gold Grab Sample Results from Sheep Creek and Bayonne
Calgary, Alberta--(Newsfile Corp. - December 12, 2017) - Margaux Resources Ltd. (TSXV: MRL) (O...
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[{"type":"text","content":"Margaux Resources Announces Significant Expansion of its Kootenay Arc Project Holdings, Plus High-Grade Gold Grab Sample Results from Sheep Creek and BayonneCalgary, Alberta--(Newsfile Corp. - December 12, 2017) - Margaux Resources Ltd. (TSXV: MRL) (OTCQB: MARFF) (\"Margaux\" or the \"Company\") is pleased to announce that it has acquired additional claims to expand the Company's Kootenay Arc project holdings in southeastern British Columbia. In addition, the Company has received high-grade gold grab sample results from the Sheep Creek and Bayonne properties.Key Highlights1,670 hectares of newly acquired mineral claims; orogenic gold mineralization favourable area High-grade gold sample at Sheep Creek including up to 15.5 g/t Au 13.0 g/t Au grab sample returned from BayonneNew vein discovered at BayonneThe new acquisitions include 13 mineral claims, totalling 1,670 hectares (an 8% increase in Margaux's mineral claims holdings), which were attained from a third party for staking costs. The claims are contiguous to the Company's Sheep Creek, Ore Hill and Jersey properties, as shown on the below map. Margaux Resources' Kootenay Arc project now includes over 24,500 hectares of mineral tenure.\"2017 is proving to be an exceptional year for exploration on the Company's Kootenay Arc Project. This year's efforts have produced significant results and contributed greatly to the identification and delineation of the mineralizing systems,\" stated Linda Caron, Vice President of Exploration for Margaux Resources. \"The newly acquired claims encompass the extension of the favourable geological setting that hosts the orogenic gold mineralization revealed to date, are highly prospective for additional discoveries and are a further step in the consolidation of a dominant land package.\"Additionally, Margaux has received rock sample results from its fall 2017 work program, as listed in the table below. At Sheep Creek, sampling confirmed high grade gold values from the Motherlode and Bluestone veins, including grab sample values of up to 15.5 g/t Au. And at Bayonne, the sampling returned values of up to 13.0 g/t Au, which represents a newly discovered vein, located 150 m east of the eastern-most point on the Bayonne Main vein.PropertyTargetAu (g/t)Ag(ppm)Sheep CreekBluestone8.518.6Sheep CreekBluestone7.590.9Sheep CreekMotherlode9.231.8Sheep CreekM...