Business
Margaux Resources Commences 4,500m Drill Program Across Three Properties within the Company's Expansive Kootenay Arc Zinc-Lead-Gold Project
(via TheNewswire) CALGARY, ALBERTA / T he Newswire / August 15, 20...
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[{"type":"text","content":"Margaux Resources Commences 4,500m Drill Program Across Three Properties within the Company's Expansive Kootenay Arc Zinc-Lead-Gold Project(via TheNewswire)\n \n \nCALGARY, ALBERTA / The Newswire / August 15, 2017\n\n \n \nMargaux Resources Ltd. (TSX VENTURE: MRL, OTCQB: MARFF) (\"Margaux\" or the \"Company\") is pleased to announce that a diamond drill rig is being mobilized as part of a Phase II, 4,500 m, NQ2-sized drill program on the company's Kootenay Arc property in southeastern British Columbia. Initial drilling (approximately 1,500 m) will target zinc-lead mineralization on the Jackpot property. Following this, approximately 1,500 m each will be drilled to test gold targets on the Company's Bayonne (subject to permit approval) and Sheep Creek properties. \n\n \n \n\"We are understandably excited to begin our first diamond drilling programs on the Jackpot, Bayonne and Sheep Creek properties since we acquired these claims in late 2016 and early 2017. The technical and surface program, that has been in progress over the last 6 months, has increased and solidified our understanding of the properties and we are confident that drilling will demonstrate the upside potential, for both zinc and gold, on the Company's Kootenay Arc project.\" said Tyler Rice, President and CEO of Margaux.\n\n \n \nThe Company has also contracted Eagle Mapping Ltd. to fly LiDAR and high-resolution ortho imagery over the Jackpot, Bayonne and Sheep Creek properties, to assist in exploration efforts and to provide accurate topographic control for diamond drilling.\n\n \n \nIn addition, Mr. Ryan Bignucolo will be stepping back from Vice-President of Business Development to Manager of Business Development for Margaux. \n\n \n \nQualified Person\n\n\n \nLinda Caron, P.Eng, Margaux's Vice President of Exploration, a Qualified Person as defined by National Instrument 43-101, has reviewed and approved the technical information contained within this press release.\n\n \n \nAbout Margaux Resources Ltd.: Margaux Resources Ltd. (TSX.V: MRL, OTCQB: MARFF) is a mineral acquisition and exploration company focused on the development of zinc, gold and tungsten deposits in the Kootenay Arc, in the southeastern region of British Columbia. The company is directed by a group of highly successful Canadian business executives and has a fast-growing portfolio of previously ...