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Margaux Resources Ltd. Implements Technical Database, Continues Compilation and Targeting Work on Cassiar Gold Property and Retains Market Maker
1MM oz gold Inferred Resource at 0.7 g/t Au cut-off for past-producing Taurus Property Calg...
About this update from Cassiar Gold Corp
[{"type":"text","content":"Margaux Resources Ltd. Implements Technical Database, Continues Compilation and Targeting Work on Cassiar Gold Property and Retains Market Maker1MM oz gold Inferred Resource at 0.7 g/t Au cut-off for past-producing Taurus PropertyCalgary, Alberta--(Newsfile Corp. - January 3, 2020) - Margaux Resources Ltd. (TSXV: MRL) (OTCQB: MARFF) (\"Margaux\" or the \"Company\") recently filed a National Instrument 43-101 Technical Report to support its maiden mineral resource estimate for the Taurus Deposit on the Cassiar Gold property (the \"Cassiar Property\") in British Columbia, Canada (see Margaux press release November 13, 2019). Details of the 1 MM oz gold inferred resource at 1.43 g/t Au (0.7 g/t Au cut-off) were announced in the Company's news release dated September 11, 2019. The Margaux technical team continues to compile and verify historical technical data in preparation for the upcoming exploration season. Implementation of a database system to house all technical data is underway. Existing digital data is being vetted and transferred, while additional data from historical work on the property is being incorporated. The Cassiar Project has an extensive exploration history, with data collected by many operators and explorers. Compilation and analysis of this data was a recommendation in the recent 43-101 technical report. The database will provide a robust foundation for geological model and target development and ranking at Taurus and across the entire Property.In addition to technical work, Margaux is advancing reporting, permitting, and logistical planning to support the 2020 exploration program, which will include drilling, and is expected to commence in May. The program will focus on quality infill, extension, and exploration targets, primarily near the 1 MM oz Taurus resource area. Margaux is committed to delivering results, with a cost-effective and efficient program.\"With a history of gold mining on high-grade vein deposits across the Property, and a recently-confirmed million-ounce bulk tonnage resource at surface, we see a lot of upside at Cassiar, and look forward to further exploring and developing the Cassiar Property in 2020, \" stated Tyler Rice, President and CEO of Margaux.BackgroundThe Cassiar Property is a road-accessible, advanced-stage orogenic gold system located in northern British Columbia, Canada. In Ju...