Margaux Resources Ltd. Provides 2017 Exploration Activities Highlights on its Sheep Creek Gold District and Kootenay Arc Zinc District; Attendance at PDAC 2018
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NEWS RELEASE
Margaux Resources Ltd. Provides 2017 Exploration Activities Highlights on its
Sheep Creek Gold District and Kootenay Arc Zinc District; Attendance at PDAC
2018
CALGARY, ALBERTA -- (March 5, 2018)
Margaux Resources Ltd. (TSX VENTURE:MRL, OTCQB:MARFF) ("Margaux" or the "Company") is pleased to provide
highlights of its 2017 exploration activities on its southern B ritish Columbia (“B C”) Sheep Creek Gold District and
Kootenay Arc Zinc District. A new video which summarizes the 20 17 work program is available at the following link,
(https://youtu.be/Qg2gZF8Z2LE), and is posted on the Company’s website, www.margauxresources.com.
Funding is in place for Margaux’s 2018 exploration program, which will focus primarily on the Sheep Creek Gold
District. Numerous high priority drill targets have been identified and are permitted for drilling; greater detail of the
2018 drill program will be announced in a subsequent news release.
Overview
The Sheep Creek Gold District and Kootenay Arc Zinc District are adjoining projects which together cover over 24,000
hectares of mineral tenure. For the first time ever, Margaux has consolidated the mineral claims in this area under
one ownership, to allow for thorough and systematic exploration. During 2017, Margaux drilled 34 holes ( 6,552 m)
on the Company’s claims; final analytical results have now been received for all drill holes, highlights are included in
the summary tables below.
Sheep Creek Gold District
A recent Geoscience BC 1 study showed that orogenic gold mineralization at the Sheep Creek Gold District is
analogous to that in the more widely known Barkerville area. Orogenic gold accounts for almost half of BC’s gold
production, with Margaux’s Sheep Creek Gold District ranking as the 3rd largest past-producing orogenic gold district
in BC (after Barkerville and Bralorne). Historic gold production from the Sheep Creek Gold District is 785,000 oz gold,
at an average grade of 14.4 g/t gold (0.42 oz/t gold). Unlike Barkerville and Bralorne, the Sheep Creek Gold District
has had little exploration since mining ceased in the early 1950’s.
Margaux acquired the Sheep Creek Gold District in 2017, through several option agreements and through in -fill
staking, to assemble claims covering a 10 km mineralized trend. Historic data was compiled and digitized, a
prospecting and rock sampling program was undertaken to locate and assess historic showings, a LiDAR survey was
completed and multi -year area-based drill permits were applied for, and r eceived, for 3 separate areas within the
district. The Company commissioned an independent NI 43 -101 report and undertook a 19 hole (4 ,039 m) drill
program which concluded in mid-December 2017.
The drilling was designed to test a variety of wide spaced, big-picture targets, as opposed to close-spaced definition-
type drilling on a single vein. Targets tested in 2017 include d: new veins with no previous drilling and no historic
production (Maggie Aikens and Kat), the at-depth continuation of veins below the depth of historic mining (Bayonne
1 Geoscience BC is an independent, non-profit geoscience body
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and Bluestone), and conceptual blind-vein targets in brittle units, at depth in the core of anticlines.
The program was highly successful : at least one promising new vein was discovered which requires further drilling ;
gold grades were confirmed from two previously undrilled targets ; and two veins were also shown to continue to
depth, with good gold grade, below the limit of historic mining (Bayonne Main and A vein).
Highlights from 2017 drilling in the Sheep Creek Gold District are summarized in Table 1 below:
Table 1 Sheep Creek Gold District 2017 Drilling Highlights
Hole ID Area From (m) To (m) Length (m) Au (g/t) Ag (g/t) Pb (%) Zn (%)
BA17-02 Bayonne 32.40 34.20 1.80 5.11
BA17-03 Bayonne 45.67 47.74 2.07 4.45
including 47.42 47.74 0.32 18.20 10.7 0.57
BA17-05 Bayonne 51.24 51.65 0.41 5.71 2.4
BA17-07 Bayonne 123.35 124.25 0.90 3.16 25.6 1.59 1.46
BA17-08 Bayonne 157.70 159.55 1.85 15.31 42.3 1.67 1.11
including 157.70 158.55 0.85 31.50 79.5 3.35 2.19
BA17-09A Bayonne 168.70 169.40 0.70 3.39 8.9
BA17-12 Bayonne 162.80 163.80 1.00 12.70 22.6 1.36 0.62
SC17-06 Kat 71.76 72.76 1.00 5.42 10.4 0.29 0.49
Kootenay Arc Zinc District
The Kootenay Arc is a regional geological belt that hosts numerous carbonate -hosted lead-zinc deposits. Margaux’s
Kootenay Arc Zinc District covers a 30 km strike length of the Kootenay Arc in southern BC, including the past -
producing Jersey-Emerald lead-zinc mine. In 2017, Margaux drilled 15 holes totaling 2,513 m in the Kootenay Arc
Zinc District, this included 6 holes (1,115 m) on the Jersey property to explore for lead-zinc mineralization peripheral
to the historic mine, and to test unrelated gold skarn mineralization located nearby.
Margaux added the Jackpot property to its Kootenay Arc Zinc District in late 2016, by way of an option agreement.
2017 was the Company’s first year of work at this prospect. Historic data was compiled and digitized, a multi -year
area-based drill permit was applied for and received, surface chip sampling was done and a LiDAR survey was flown.
In late summer 2017, a 9 hole (1,397 m) drill program was completed on the Jackpot property.
Highlights from 2017 drilling in the Kooten ay Arc Zinc District are shown in Tables 2 and 3 below. Both high -grade
mineralization, with potential for underground mining, and large tonnage, lower -grade mineralization that is
potentially open-pittable, exist on Margaux’s Kootenay Arc Zinc District.
Table 2 Kootenay Arc Zinc District 2017 Drilling Highlights - High-grade
Hole ID Area From (m) To (m) Interval (m) Zn (%) Pb (%) Ag (g/t)
JP17-03 Jackpot 8.5 14.5 6.00 6.52
including 10.2 12.5 2.00 14.90 2.0
JP17-04 Jackpot 19.20 20.50 1.30 7.65
JP17-05 Jackpot 50.30 52.00 1.70 7.71
JP17-06 Jackpot 68.68 71.39 2.71 6.10 2.3
JP17-07 Jackpot 112.09 120.59 8.50 6.66 0.70 6.5
JP17-07 Jackpot 142.67 144.76 2.09 6.01 0.26 4.1
JP17-07 Jackpot 152.88 154.00 1.12 6.78 0.23 1.9
JP17-08 Jackpot 8.00 14.00 6.00 6.86 1.3
JP17-08 Jackpot 26.20 28.20 2.00 7.69 0.18 1.6
JP17-08 Jackpot 110.00 113.50 3.50 7.81 1.72 15.7
JP17-08 Jackpot 163.10 171.90 8.80 7.13 0.93 8.4
Table 3 Kootenay Arc Zinc District 2017 Drilling Highlights - Large tonnage
Hole ID Area From
(m)
To
(m)
Interval
(m)
Zn (%) Pb
(%)
Ag (ppm)
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JP17-01A Jackpot 158.44 212.57 54.13 1.09 1.4
JP17-02 Jackpot 0.0 49.2 49.20 1.04 1.2
JP17-04 Jackpot 3.05 31.50 28.45 1.02
JP17-05 Jackpot 16.70 77.80 61.10 1.01
JP17-06 Jackpot 63.23 99.53 36.30 1.48 1.0
JP17-07 Jackpot 107.00 157.68 50.68 2.30 0.22 2.6
JP17-08 Jackpot 8.00 171.00 163.90 1.41 0.13 1.7
PDAC
Finally, Margaux wishes to announce that the Company will be attending the PDAC conference in Toronto, March 4-
7 2018. We invite shareholders and other interested parties to visit us at Booth 2952.
Notes
Results reported in this release are composite, weighted average grades returned from continuous drill core samples
across the interval. For gold, all intervals returning > 3 g/t Au are reported. For zinc , all intervals returning >1.5 m
grading >6% Zn or >25 m grading >1% Zn are reported. Results for Pb and Ag are included for these intervals if values
exceed 0.1% or 1 g/t, respectively. Intervals reported are core intervals. Further drilling is required to understand the
relationship between core interval and true width. After logging, intervals marked for sampling were sawn along the
core length, with half of the core placed in bags for analysis and the remaining half core piece returned to the box for
reference. Samples were shipped to ActLabs’ Kamloops, B.C. laboratory for preparation and analysis. Actlabs is an
independent laboratory, recognized wi th expertise in analytical geochemistry and certified with ISO 9001:2008, ISO
17025, CAN-P-1579 certification. At the lab, samples were crushed so that 80% passes through a 10 mesh (2 mm)
screen, then a 250 g split of the crushed sample was pulverized to 9 5% passing 105 microns. All samples were
analyzed for gold by FA/AA finish on a 30 g sample of pulverized material, and for a multi -element suite by ICP -MS
following aqua regia digestion of a 0.5 g sample. For samples returni ng >5000 ppm Zn or >5000 ppm Pb , samples
were subsequently analyzed using peroxide fusion/ICP -MS techniques , while gold samples returning > 5 g/t Au by
FA/AA were subsequently analysed by FA/GRA on a 30 g sample. Industry best -practice QA/QC procedures were
implemented during the drilli ng program, including the insertion of analytical blanks and standards at regular
intervals, as well as systematic duplicate sampling. Core size was NQ2 (50.6 mm = 2-inch core diameter).
Qualified Person
Linda Caron, M.Sc., P.Eng, Margaux’s Vice President of Exploration, is the Company’s Qualified Person as defined by
NI 43-101 who 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 gold , zinc 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 execut ives and is focused on
exploration of the Company’s Kootenay Arc Zinc District, and Sheep Creek Gold District.
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 potential of mineral
resources and potential for recovery thereof, the timing of reporting exploration results , as well as other market
conditions and economic factors, 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 unde rtakes no
obligation to publicly update or revise any forward -looking statements except as expressly required by applicable
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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