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Margaux Resources Announces Surface Rock Sample Results from its Bayonne and Jackpot Properties and Prepares for a 2,000 Metre Drill Program
Calgary, Alberta--(Newsfile Corp. - August 1, 2017) - Margaux Resources Ltd. (TSXV: MRL) (OTCQ...
About this update from Cassiar Gold Corp
[{"type":"text","content":"Margaux Resources Announces Surface Rock Sample Results from its Bayonne and Jackpot Properties and Prepares for a 2,000 Metre Drill ProgramCalgary, Alberta--(Newsfile Corp. - August 1, 2017) - Margaux Resources Ltd. (TSXV: MRL) (OTCQB: MARFF) (\"Margaux\" or the \"Company\") is pleased to announce the results from initial surface rock sampling on the Company's Bayonne and Jackpot properties, located within the Kootenay Arc Project near Salmo in Southern British Columbia. The results include high gold assays from grab samples of up to 27.5 g/t Au on the Bayonne and widespread zinc mineralization at Jackpot including 20.8% Zn from Jackpot Main. Highlights are summarized in the table below.\"Our boots-on-the-ground work is paying off. Margaux's field crews are hard at work validating historic information and applying new geological ideas to further explore known zones of mineralization and to identify new areas that are untested by any historic efforts,\" stated Tyler Rice, President and CEO. \"We are encouraged by these gold and zinc results from Bayonne and Jackpot. By building on these results, through a full understanding of our historical data in combination with new geological knowledge, we have been able to select our drill targets with confidence, and look forward to our Phase 2 drill program beginning in mid-August.\"BayonneHigh gold assays on the Bayonne property were returned from samples collected along 900 metres of strike on the Main Vein. Grab sample results include 27.5, 23.3, 18.1, 15.0 and 10.6 g/t Au as well as anomalous silver, zinc, lead and tungsten.The Bayonne property hosts several high-grade, steeply dipping gold-bearing orogenic quartz veins hosted by granodiorite. Historic production was from the Main Vein and from the A Vein splay (mainly from the period 1936-1945), and totalled approximately 82,000 tonnes, at an average grade of 16 g/t Au. Despite the previous mining within the Main workings, early observations have identified an undeveloped auriferous splay vein.The Company's modelling of historical work has provided strong indications for an extension of the Main Vein to the east on the unexplored ground between Bayonne and Margaux's high-grade gold Maggie Aiken's prospect. In addition to several other underexplored vein systems known on the Bayonne property that Margaux will be investigating in 2017...