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Margaux Resources Signs Drilling Contractor for its Upcoming Kootenay Arc Drill Program
(via TheNewswire) CALGARY, ALBERTA / The Newswire / May 11 , 2017 ...
About this update from Cassiar Gold Corp
[{"type":"text","content":"Margaux Resources Signs Drilling Contractor for its Upcoming Kootenay Arc Drill Program(via TheNewswire)\n \n \nCALGARY, ALBERTA / The Newswire / May 11, 2017\n\n \n \nMargaux Resources Ltd. (TSX VENTURE: MRL, OTCQB: MARFF) (\"Margaux\" or the \"Company\") is pleased to announce the signing of a drilling contract with Wade Critchlow Enterprises, a Salmo-based diamond drilling contractor. The drilling program is scheduled to be conducted in two phases, and is to include a minimum of 5,500 metres of diamond drilling on the Company's Jersey-Emerald, Jackpot, Bayonne, Sheep Creek and Ore Hill properties in southeastern British Columbia. \n\n \n \n\"We are excited to be advancing the exploration of our Kootenay Arc properties,\" said Tyler Rice, President and CEO of Margaux. \"The Company is in a strong position to embark on this upcoming drill program, following our recent private placement, and we look forward to the drilling results providing us with a better understanding of our newly acquired assets as well as our core Jersey-Emerald property\".\n\n \n \nPreparations for the drilling program are currently underway, and under the terms of the contract, drilling is expected to commence on May 15, 2017. Phase 1 of the program is to be conducted on Margaux's Jersey-Emerald property, where approximately 1,100 metres of NQ2 drilling is planned from five sites. \n\n \n \nThis will be followed by Phase 2 on the Company's Jackpot, Sheep Creek, Bayonne and Ore Hill properties, where approximately 4,400 metres is to be drilled. Phase 2 drilling will commence when snow conditions allow and once the relevant permits are in place.\n\n \n \nDrilling will test gold and lead-zinc targets identified on the basis of geological mapping, geophysics, geochemical sampling, and previous drilling completed on the properties. \n\n \n \nQualified Person\n\n\n \nLinda Caron, P.Eng, Margaux's Vice President of Exploration, a Qualified Person as defined by National Instrument 43-101, has reviewed and approved the technical information contained within this press release.\n\n \n \nAbout Margaux Resources Ltd.: Margaux Resources Ltd. (TSX.V: MRL, OTCQB: MARFF) is a mineral acquisition and exploration company focused on the development of zinc, gold and tungsten deposits in the Kootenay Arc, in the southeastern region of British Columbia. The company is directe...