Margaux Resources Announces Collaboration with GoldSpot Discoveries and Spring Work Program on Cassiar Gold Project
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NEWS RELEASE
Margaux Resources Announces Collaboration with GoldSpot Discoveries and
Spring Work Program on Cassiar Gold Project
CALGARY, ALBERTA -- (May 4, 2020)
Margaux Resources Ltd. (TSX VENTURE:MRL, OTCQB:MARFF) ("Margaux" or the "Company") is pleased to announce
that it has engaged GoldSpot Discoveries Corp. (“GoldSpot”) to identify and assess targets at Margaux’s Cassiar Gold
Project in northern British Columbia. This will be done by leveraging extensive geoscience data that has been
collected through the multi-decade exploration and production history of the Project, using GoldSpot’s in-house
collaborative expertise, machine learning, and other techniques.
GoldSpot will examine multidisciplinary datasets from geological, geophysical, and geochemical programs,
conducted by previous workers and compiled by Margaux’s geologists, to identify geological features including
structural and mineralization trends. Ultimately, the collaboration with GoldSpot is intended to identify high-quality
near-mine and regional gold exploration targets that minimize exploration risk.
The Cassiar Gold Project is a 60,000 ha property in northern British Columbia, Canada, that hosts the Taurus bulk-
tonnage gold resource (one million ounces gold at 1.43 g/t Au; see Margaux press release dated September 11,
2019), as well as several past-producing high-grade underground gold mines. Margaux continues to work on
brownfields targets near Taurus, and is exploring the Cassiar property for additional bulk-tonnage gold prospects.
GoldSpot will use its geoscience and machine science expertise to clean, unify and analyze exploration data from
Margaux’s Cassiar Gold Project, to identify and assess targets for advancement during the 2020 exploration program.
Spring Work Program on Cassiar Gold Project
The Margaux exploration team will mobilize a small crew in May to conduct sampling and reclamation work in
advance of the 2020 exploration program. Personnel will carry out baseline environmental sampling and monitoring
at the Cassiar Gold Property to continue to move the project forward with a balanced and responsible approach.
Work will be planned and carried out in accordance with recently released COVID-19 Exploration Fieldwork Safety
Guidelines, and with current public health guidance. Margaux continues to consult and work together with the local
First Nation community, who have expressed their support for proposed fieldwork on the Cassiar Gold Project in
2020.
About Margaux Resources Ltd.
Margaux Resources Ltd. (TSX.V: MRL, OTCQB: MARFF) is a Canadian gold exploration company focused on
exploration in British Columbia, and is directed by a group of highly successful Canadian business executives.
Forward Looking Statements
This press release may contain forward looking statements including those describing Margaux's future plans and
the expectations of management that a stated result or condition will occur. Any statement addressing future events
or conditions necessarily involves inherent risk and uncertainty. Actual results can differ materially from those
anticipated by management at the time of writing due to many factors, the majority of which are beyond the control
of Margaux and its management. In particular, this news release contains forward-looking statements pertaining,
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directly or indirectly, to the following: Margaux's exploration plans and work commitments, and economic factors,
business and operations strategies. Although Margaux believes that the expectations reflected in these forward-
looking statements are reasonably, undue reliance should not be placed on them because Margaux can give no
assurance that they will prove to be correct. Readers are cautioned that the foregoing list of risk factors should not
be construed as exhaustive. These statements speak only as of the date of this release or as of the date specified in
the documents referenced by this release, as the case may be. The Company undertakes no obligation to publicly
update or revise any forward-looking statements except as expressly required by applicable securities laws.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of
the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
CONTACT INFORMATION
Margaux Resources Ltd.
Tyler Rice
President, CEO and a Director
(403) 537-5590