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Margaux Resources Extends Past Producing High-Grade Gold Bayonne Main Vein 50 Metres Beyond Limits of Historic Mining and Provides Drill Program Update on the Company's Kootenay Arc Zinc-Gold Project
(via TheNewswire) CALGARY, ALBERTA -- (TheNewswire - September 07, 2017) ...
About this update from Cassiar Gold Corp
[{"type":"text","content":"Margaux Resources Extends Past Producing High-Grade Gold Bayonne Main Vein 50 Metres Beyond Limits of Historic Mining and Provides Drill Program Update on the Company's Kootenay Arc Zinc-Gold Project(via TheNewswire)\n \n \nCALGARY, ALBERTA -- (TheNewswire - September 07, 2017) \n\n \n \nMargaux Resources Ltd. (TSX VENTURE: MRL, OTCQB: MARFF) (\"Margaux\" or the \"Company\") is pleased to provide an update on the Company's Bayonne and Jackpot properties, part of Margaux's Kootenay Arc project in southern British Columbia.\n\n\n \nKey Highlights\n\n\n \n\n\n- Margaux extends past producing Bayonne Main gold vein 50 m beyond limits of historic mining;\n\n\n\n- 43.6 g/t Au grab sample and 24.6 g/t chip sample over 1m from Bayonne Main vein; \n\n\n\n- Historic mining at Bayonne Main vein did not exceed 150 m in depth from surface;\n\n\n\n- Permit granted for drilling at Bayonne and rig mobilized to commence 1,500m drill program to test at-depth extension of Bayonne Main/A vein;\n\n\n\n- Drilling at Jackpot completed (9 holes totaling 1,400 metres) with results expected mid-late September; and\n\n\n\n- 13.35% Zn over 3.4 m chip sample from historic trench at Jackpot Main zone.\n\n\n\n\n \n\"The current 4,500m drill program across three of the Company's properties, teamed with continued high-grade discoveries on surface, marks a progression of knowledge and success that Margaux envisioned when it originally consolidated the Kootenay Arc Zinc-Gold asset package\" commented Tyler Rice, President and CEO of Margaux. \"We look forward to the resumption of our Phase II drill program with confidence in the Project's ability to deliver on its potential.\"\n\n\n \nBayonne Property\n\n\n \nHistoric production from the Bayonne property includes 81,782 tonnes at an average grade of 16.0 g/t Au and 45.9 g/t Ag from the steeply dipping, high-grade, Bayonne Main vein and A vein splay (1). The majority of historic mining was at depths of less than 150 m from surface.\n\n\n \nMargaux's recent surface exploration has confirmed a 50-metre strike extension to the Main vein, to the east beyond the limits of historic mining. The Bayonne Main/A vein system now has a known strike length of 1 km. Sample results from the Company's recent sampling include 24.6 g/t Au over a true width of 1 m returned from sample 8784, collected on surface at eastern limit of h...