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Margaux Resources Ltd. Provides 2017 Exploration Activities Highlights on its Sheep Creek Gold District and Kootenay Arc Zinc District; Attendance at PDAC 2018
Calgary, Alberta--(Newsfile Corp. - March 5, 2018) - Margaux Resources Ltd. (TSXV: MRL) (OTCQB...
About this update from Cassiar Gold Corp
[{"type":"text","content":"Margaux Resources Ltd. Provides 2017 Exploration Activities Highlights on its Sheep Creek Gold District and Kootenay Arc Zinc District; Attendance at PDAC 2018Calgary, Alberta--(Newsfile Corp. - March 5, 2018) - Margaux Resources Ltd. (TSXV: MRL) (OTCQB:MARFF) (\"Margaux\" or the \"Company\") is pleased to provide highlights of its 2017 exploration activities on its southern British Columbia (\"BC\") Sheep Creek Gold District and Kootenay Arc Zinc District. A new video which summarizes the 2017 work program is available at the following link, (https://youtu.be/Qg2gZF8Z2LE), and is posted on the Company's website, www.margauxresources.com.Funding is in place for Margaux's 2018 exploration program, which will focus primarily on the Sheep Creek Gold District. Numerous high priority drill targets have been identified and are permitted for drilling; greater detail of the 2018 drill program will be announced in a subsequent news release.OverviewThe Sheep Creek Gold District and Kootenay Arc Zinc District are adjoining projects which together cover over 24,000 hectares of mineral tenure. For the first time ever, Margaux has consolidated the mineral claims in this area under one ownership, to allow for thorough and systematic exploration. During 2017, Margaux drilled 34 holes (6,552 m) on the Company's claims; final analytical results have now been received for all drill holes, highlights are included in the summary tables below.Sheep Creek Gold DistrictA recent Geoscience BC1 study showed that orogenic gold mineralization at the Sheep Creek Gold District is analogous to that in the more widely known Barkerville area. Orogenic gold accounts for almost half of BC's gold production, with Margaux's Sheep Creek Gold District ranking as the 3rd largest past-producing orogenic gold district in BC (after Barkerville and Bralorne). Historic gold production from the Sheep Creek Gold District is 785,000 oz gold, at an average grade of 14.4 g/t gold (0.42 oz/t gold). Unlike Barkerville and Bralorne, the Sheep Creek Gold District has had little exploration since mining ceased in the early 1950's.Margaux acquired the Sheep Creek Gold District in 2017, through several option agreements and through in-fill staking, to assemble claims covering a 10 km mineralized trend. Historic data was compiled and digitized, a prospecting and rock sampling program w...