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Margaux Resources Ltd. Announces 2020 Drill Program at Cassiar Gold Project and Strengthens Advisory Committee
Calgary, Alberta--(Newsfile Corp. - August 11, 2020) -  Margaux Resources Ltd. (TSXV: MRL...
About this update from Cassiar Gold Corp
[{"type":"text","content":"Margaux Resources Ltd. Announces 2020 Drill Program at Cassiar Gold Project and Strengthens Advisory CommitteeCalgary, Alberta--(Newsfile Corp. - August 11, 2020) -  Margaux Resources Ltd. (TSXV: MRL) (OTCQB: MARFF) (\"Margaux\" or the \"Company\") is pleased to announce the commencement of its 2020 exploration program at the Cassiar Gold Project in northern British Columbia. Crews were initially mobilized on May 20 for a three-week campaign to prepare camp and road access and to collect environmental data. Approvals and permits are now in place to operate the exploration camp during the field program. The exploration team has returned to site to commence the 2020 exploration program, which will consist of diamond drilling, geological mapping and sampling. The primary focus of the 5,000 metre diamond drilling program will be on quality infill, extension, and exploration targets, primarily near the 1 MM oz Taurus resource area. The drill rig arrived at site on August 10 to commence drilling.\"We are excited to begin drilling on the Cassiar Gold Project, and look forward to delivering results, with a cost-effective and efficient program.\" said Kaesy Gladwin, VP Exploration.BACKGROUNDThe Cassiar Property is a road-accessible, advanced-stage orogenic gold system located in northern British Columbia, Canada. In June 2019, Margaux announced that shareholders of Wildsky Resources Inc. approved the sale of its 100% interest in the Cassiar Property by way of an all-share option agreement with Margaux (see Margaux news release dated June 24, 2019). Final approval of the transaction was granted by the TSX Venture Exchange (\"TSXV\") in November (see Margaux news release dated November 13, 2019).On the Cassiar Property, gold mineralization occurs along a 15 kilometre corridor. Within this structural corridor, gold occurs both as discrete high-grade veins and as near-surface low-grade style mineralization. Past production from the Cassiar Property (primarily 1979-1997) is approximately 920,000 tonnes at an average grade of 11.9 grams per tonne (g/t) gold, or a total of 350,000 ounces of hard rock gold. During this period, portions of the Cassiar Property were held by different operators, and production was from different mine operations (predominantly underground) utilizing various mill facilities.The Cassiar Property has subsequently ...