Margaux Resources Completes Phase 1 of its Kootenay Arc Diamond Drill Program
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Margaux Resources Completes Phase 1 of its Kootenay Arc Diamond Drill
Program
CALGARY, ALBERTA -- (The Newswire – May 29, 2017)
Margaux Resources Ltd. (TSX VENTURE: MRL, OTCQB: MARFF) (“Margaux” or the “Company”) is pleased to
announce that Phase 1 of the Compan y’s 2017 Kootenay Arc diamond drill program has been completed. Six holes
on five sites have been drilled on the Jersey-Emerald property, totalling 1,121 metres of NQ2 drilling.
Two of the six drill holes (JE1701 and JE1702) were drilled to follow up the King Alfred Gold Zone, where results
from previous drilling have included the following (see ne ws releases November 6, 2014, January 15, 2015 and
February 15, 2017):
Hole From
(m)
To
(m)
Interval
(m)
Au
(ppm)
E1411 116.80 127.00 10.20 24.98
E1433 150.85 151.50 0.65 68.30
E1602 181.15 181.40 0.25 9.79
E1602 199.12 199.37 0.25 59.10
The remaining four holes from the Phase 1 program were dr illed 1,000 metres to 1,600 metres to the south of the
King Alfred Gold Zone, as proof-of-concept drilling in areas with potential for gold and/or lead-zinc mineralization.
Geological logging and core sampling is currently underway , and samples from hole JE1701 have been shipped to
Actlabs in Kamloops, for preparation and analysis. The remaining core samp les are to be shipped once sampling
has been completed, the results of which will be released when available.
Petrographic work has been completed on samples from the King Alfred Gold Zone, where gold is strongly
associated with bismuth and with tellurium. Re-analysis of select 2016 core samples from this area has been
performed by various methods at two different laborato ries to investigate potential interference between
tellurium and gold in fire-assay analyses. This testing ha s shown that, above a certain tellurium threshold, gold
values by fire assay are poorly reproducible and ma y be understated (7% to 35% in samples tested) unless
analytical procedures are modified. Margaux’s ongoing anal ytical protocol monitors tellurium content to ensure
appropriate analytical methodology for gold when tellurium exceeds the identified threshold.
Concurrently, surface exploration has commenced on the Je rsey-Emerald property, with geological mapping, rock
sampling and stream sediment sampling being undertaken. In addition, select re-logging of historic drill core is also
being performed, this is targeting previously un-sampled intervals of interest in the historic core.
Following the completion of Phase 1, Margaux will commence with Phase 2 once the relevant permits are in place.
This drilling will take place on the Co mpany’s Jackpot, Sheep Creek, Bayo nne and Ore Hill properties, where
approximately 4,400 metres is to be drilled.
Qualified Person
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Linda 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.
About Margaux Resources Ltd.: Margaux Resources Ltd. (TSX.V: MRL, OTCQB: MARFF) is a mineral acquisition and
exploration company focused on the development of zinc, go ld and tungsten deposits in the Kootenay Arc, in the
southeastern region of British Columbia. The company is directed by a group of highly successful Canadian
business executives and has a fast-growing portfolio of pr eviously producing properties that include the Jersey-
Emerald mine, which at one point was the 2nd largest hist oric zinc-lead mine in B.C. and the second largest
tungsten mine in North America.
Forward Looking Statements
This press release may contain forward looking statemen ts 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 involv es 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, directly or indirectly, to the following: Ma rgaux's exploration plans and work commitments, the receipt
of required regulatory and other approvals, business and operations strategies. 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 accompanying this release, as the case may be. The
Company undertakes no obligation to publicly update or re vise 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