Margaux Resources Files Multi-Year Applications for Work Programs on all Four of its Properties
NEWS RELEASE
Margaux Resources Files Multi-Year Applications for Work Programs on all Four
of its Properties
CALGARY, ALBERTA -- (The Newswire – February 21, 2017)
Margaux Resources Ltd. (TSX VENTURE:MRL, OTCQB:MARFF) ("Margaux" or the "Company") is pleased to announce
that the Company has filed the required applications for multi-year area-based permits for surface diamond drilling,
trenching and road building activity on its Jersey-Emerald, Jackpot/Oxide, Sheep Creek and Bayon ne properties ,
located in southeastern British Columbia.
All four properties are historic mine site s, with significant previous disturbance. Where possible, drill holes will be
collared within the footprint of the historically disturbed area and the majority of the drilling will be accessible via
existing roads. In the eastern part of the Bayonne property, drilling is planned to test a previously undril led target
with no road access. The core produced from the surface drilling will be logged and stored off-site, at Margaux’s core
facility on the Jersey -Emerald property. In addition to the surface drilling, mechanical trenches will be dug at the
properties to further advance Margaux’s understanding of previously underexplored areas.
“These permit applications allow Margaux to progress with the evaluation of our newly acquired properties a s well
as continue to evaluate our Jersey-Emerald asset” said Tyler Rice, CEO & President. “ It demonstrates the next step
we are taking to gain a solid and progressive understanding of our properties, all of which takes us fu rther towards
commercialization."
The proposed work programs are subject to regulatory approval and First Nation engagement. Field work is expected
to commence in early May, pending permit approval.
About Margaux Resources Lt d.: Margaux is a publicly traded polymetallic exploration company focused on the
exploration and development of previously producing properties in the Kootenay Arc, located in southeastern British
Columbia, including the Jackpot/Oxide, Jersey -Emerald, Sheep Creek and Bayonne properties, on which Margaux
has options. The Company is directed by a group of highly successful Canadian business executives with proven track
records. Margaux trades on the TSX Venture Exchange under the symbol MRL and on the OTC QB under the symbol
MARFF.
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,
directly or indirectly, to the following: Margaux'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 accompanyin g 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 P rovider (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