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Margaux Resources Files NI 43-101 Technical Report for the Sheep Creek Property
(via TheNewswire) CALGARY, ALBERTA / TheNewswire / September 11, 2017 ...
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[{"type":"text","content":"Margaux Resources Files NI 43-101 Technical Report for the Sheep Creek Property(via TheNewswire)\n \n \nCALGARY, ALBERTA / TheNewswire / September 11, 2017 - Margaux Resources Ltd. (TSX VENTURE:MRL, OTCQB:MARFF) (\"Margaux\" or the \"Company\") is pleased to announce that it has filed on SEDAR the independent NI 43-101 Technical Report (the \"Report\") for its Sheep Creek property part of Margaux's Kootenay Arc project in southern British Columbia. The Report, announced July 6, 2017 and entitled \"NI 43-101 Technical Report on the Sheep Creek Project\", was prepared by Robert A. (Bob) Lane, MSc, PGeo of Plateau Minerals Corp.\n\n \n \nThe Report is available on SEDAR under the Company's profile and on the Company's website at:\n\n \n \nhttp://margauxresources.com/investors-news/reports/\n\n \n \nThe Sheep Creek Project is located in the historic Sheep Creek gold camp and forms part of Margaux's Kootenay Arc project, and is located 12 kilometers east of Salmo. The Project tenures cover a significant portion of the Sheep Creek gold camp and include the important Reno, Nugget, Gold Belt and Queen/Sheep Creek past producing gold mines. The Sheep Creek Project consists of a combination of 63 Crown granted mineral claims and 9 mineral cell claims located in the Nelson Mining Division, and is prospective for gold and silver. The more recent mineral claims overlap the older crown grants, such that the total area covered by the tenure that comprises the Sheep Creek Project is 1,212.61 ha. \n\n \n \nThe Sheep Creek Camp has historic production of 736,000 oz Au at an average grade of 14.7 g/t Au, from 34 discrete veins. Cut-off grade for historical mining at Sheep Creek was approximately 8 g/t Au (1). Historically, ownership of the Sheep Creek Camp was fractured with multiple owners, but now just Margaux controls the majority of the camp, including 26 past-producing mines that account for approximately 85% of the historic gold production, allowing for greater control and oversight of operations.\n\n \n \nSince acquisition of the property at the beginning of 2017 (see Company press release January 6, 2017), Margaux has conducted surface work on the property. This work has identified samples that contained gold grades of 71.5 g/t and 17.75 g/t (see Company press release February 8, 2017 for greater detail). In addition, Margaux identified a ...