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Margaux Resources Receives Permits for Drilling on its Sheep Creek, Jackpot and Jersey Properties, and Announces Rock Sample and Drilling Results from its Jersey Property
(via TheNewswire) CALGARY, ALBERTA -- (The Newswire - July 18, 2017) ...
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[{"type":"text","content":"Margaux Resources Receives Permits for Drilling on its Sheep Creek, Jackpot and Jersey Properties, and Announces Rock Sample and Drilling Results from its Jersey Property(via TheNewswire)\n \n \nCALGARY, ALBERTA -- (The Newswire - July 18, 2017) \n\n \n \nMargaux Resources Ltd. (TSX VENTURE:MRL, OTCQB:MARFF) (\"Margaux\" or the \"Company\") is pleased to announce that permit approval has been granted by the Ministry of Energy and Mines of British Columbia for drilling on the Company's Sheep Creek, Jackpot and Jersey properties near Salmo in southern British Columbia. Drilling is planned on each of these properties later in the 2017 season, commencing mid-August, once preparatory work is complete.\n\n \n \n\"The granting of these permits allows us to move forward with Phase 2 of our 2017 Drilling Program, with the aim of gaining a greater in depth understanding of our Kootenay Arc properties,\" said Tyler Rice, President & CEO of Margaux.\n\n \n \nThe granted permits are multi-year area-based (\"MYAB\") permits that authorize up to 20 drill sites on each of the three properties over a period of up to 5 years. Under the terms of these permits, Margaux has the flexibility regarding specific drill hole locations, providing that all disturbance occurs within the permitted area and that total disturbance does not exceed the capped permitted amount.\n\n \n \nSimilar permits have been submitted to the Ministry of Energy and Mines for the Company's Bayonne and Ore Hill properties. Approval is pending for these additional permits.\n\n \n \nJersey - Comet and Tungsten King\n\n\n \nThe Company has received results from surface rock sampling at the Comet and Tungsten King skarn showings, located, respectively, 2.5 km and 3.0 km southwest of the King Alfred gold skarn zone on the Jersey property. Results of 32.8% Zn and 1.2% Pb were returned from one sample at the Tungsten King showing, while a second sample returned 2.69% Zn and 0.65% Pb.\n\n \n \nSamples of skarn from both the Comet and Tungsten King showings were also elevated in gold (to 0.83 g/t Au), bismuth (to 473 ppm Bi), arsenic (to 4,470 ppm As), tungsten (to 0.18% W) and copper (to 0.3% Cu). The continued presence of gold within the skarn system, the Bi-Au association and the extent of skarn alteration on the Jersey property are all encouraging.\n\n \n \nJersey - Phase I 2017 D...