Margaux Resources Reports High-Grade Gold Samples from the Company's Initial Fieldwork on its Ore Hill Property

About this update from Cassiar Gold Corp

[{"type":"text","content":"Margaux Resources Reports High-Grade Gold Samples from the Company's Initial Fieldwork on its Ore Hill Property(via TheNewswire)\n \n \n\n\n\n \nCALGARY, ALBERTA -/ TheNewswire / September 20, 2017) - Margaux Resources Ltd. (TSX VENTURE:MRL, OTCQB:MARFF) (\"Margaux\" or the \"Company\") is pleased to provide an update on the Company's initial fieldwork on its Ore Hill property, part of Margaux's Kootenay Arc project in southern British Columbia. \n\n\n \n\n\n\nClick Image To View Full Size\n\n\n\n \n \nKey Highlights\n\n\n \n-Numerous grab samples returned high-grade gold values, including 119 g/t (or 3.8 oz/ton) and 105 g/t Au (or 3.4 oz/ton). \n\n\n \n-Addition of high-grade silver grab samples including 496 g/t Ag (or 15.9 oz/ton) and 195 g/t Ag (or 6.3 oz/ton), and high zinc grades including 22.8% Zn and 17.5% Zn.\n\n\n \n-Demonstration of widespread mineralization on the property.\n\n\n \n-5-year area-based permit granted for exploration, including diamond drilling, on the Ore Hill property.\n\n \n \nLinda Caron, VP Exploration for Margaux commented that \"We're very pleased with the results from our first-pass sampling on the Ore Hill. The number of high grade gold samples, the magnitude of not only the gold values but also the high silver, lead and zinc, and the fact that these samples were collected over a distance of almost 1 km shows potential that the mineralizing system has significant size and strength to it. We're eager to complete further exploration on the property to test the gold potential of this area.\"\n\n\n \nThe rock grab samples were collected over a 950 m by 150 m area, as shown on the above map, and demonstrate the widespread distribution of mineralization on the property. The Ore Hill property adjoins the southern portion of Margaux's Sheep Creek block of claims and the eastern portion of the Jersey-Emerald property, and covers the historically known Ore Hill, Sumit and Bonanza occurrences.\n\n \n \nThere are two known styles of mineralization on the Ore Hill property; narrow high-grade gold (plus silver, lead and zinc) bearing veins occur within limestone; and a gold-bearing wider crackle zone, up to 10 m wide, associated with a north-northeast-trending fault zone and geological contact. There is limited historical production from the Ore Hill property, as follows: \n\n \n \n-Sumit: 1,205 tons @ 0.72 ...

More updates from Cassiar Gold Corp