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Margaux Resources Completes Phase 1 of its Kootenay Arc Diamond Drill Program
Calgary, Alberta--(Newsfile Corp. - May 29, 2017) - Margaux Resources Ltd. (TSXV: MRL) (OTCQB:...
About this update from Cassiar Gold Corp
[{"type":"text","content":"Margaux Resources Completes Phase 1 of its Kootenay Arc Diamond Drill ProgramCalgary, Alberta--(Newsfile Corp. - May 29, 2017) - Margaux Resources Ltd. (TSXV: MRL) (OTCQB: MARFF) (\"Margaux\" or the \"Company\") is pleased to announce that Phase 1 of the Company's 2017 Kootenay Arc diamond drill program has been completed. Six holes on five sites have been drilled on the Jersey-Emerald property, totalling 1,121 metres of NQ2 drilling. Two of the six drill holes (JE1701 and JE1702) were drilled to follow up the King Alfred Gold Zone, where results from previous drilling have included the following (see news releases November 6, 2014, January 15, 2015 and February 15, 2017):HoleFrom(m)To(m)Interval(m)Au(ppm)E1411116.80127.0010.2024.98E1433150.85151.500.6568.30E1602181.15181.400.259.79E1602199.12199.370.2559.10 The remaining four holes from the Phase 1 program were drilled 1,000 metres to 1,600 metres to the south of the King Alfred Gold Zone, as proof-of-concept drilling in areas with potential for gold and/or lead-zinc mineralization. Geological logging and core sampling is currently underway, and samples from hole JE1701 have been shipped to Actlabs in Kamloops, for preparation and analysis. The remaining core samples are to be shipped once sampling has been completed, the results of which will be released when available.Petrographic work has been completed on samples from the King Alfred Gold Zone, where gold is strongly associated with bismuth and with tellurium. Re-analysis of select 2016 core samples from this area has been performed by various methods at two different laboratories to investigate potential interference between tellurium and gold in fire-assay analyses. This testing has shown that, above a certain tellurium threshold, gold values by fire assay are poorly reproducible and may be understated (7% to 35% in samples tested) unless analytical procedures are modified. Margaux's ongoing analytical protocol monitors tellurium content to ensure appropriate analytical methodology for gold when tellurium exceeds the identified threshold. Concurrently, surface exploration has commenced on the Jersey-Emerald property, with geological mapping, rock sampling and stream sediment sampling being undertaken. In addition, select re-logging of historic drill core is also being performed, this is targeting previously un-sample...