Margaux Resources Receives Permits for Drilling on its Sheep Creek, Jackpot and Jersey Properties, and Announces Rock Sample and Drilling Results from its Jersey Property
Page 1 of 3
NEWS RELEASE
Margaux Resources Receives Permits for Drilling on its Sheep Creek, Jackpot and
Jersey Properties, and Announces Rock Sample and Drilling Results from its
Jersey Property
CALGARY, ALBERTA -- (The Newswire – July 18, 2017)
Margaux Resources Ltd. (TSX VENTURE:MRL, OTCQB:MARFF) ("Margaux" or the "Company") is pleased to announce
that permit approval has been granted by the Ministry of Energy and Mines of British Columbia for drilling on the
Company’s Sheep Creek, Jackpot and Jersey pr operties near Salmo in southern British Columbia. Drilling is planned
on each of these properties later in the 2017 season, commencing mid-August, once preparatory work is complete.
“The granting of these permits allow s us to move forward with Phase 2 of our 2017 Drilling Program, with the aim
of gaining a greater in depth understanding of our Kootenay Arc properties ,” said Tyler Rice, President & CEO of
Margaux.
The granted permits are multi-year area-based (“MYAB”) permits that authorize up to 20 drill sites on each of the
three properties over a period of up to 5 years. Under the terms of these permits, Margaux has the flexibility
regarding specific drill hole locations, providing that all disturbance occurs within th e permitted area and that total
disturbance does not exceed the capped permitted amount.
Similar permits have been submitted to the Ministry of Energy and Mines for the Company’s Bayonne and Ore Hill
properties. Approval is pending for these additional permits.
Jersey – Comet and Tungsten King
The Company has received results from surface rock sampling at the Comet and Tungsten King skarn showings,
located, respectively, 2.5 km and 3.0 km southwest of the King Alfred gold skarn zone on the Jersey property. Results
of 32.8% Zn and 1.2% Pb were returned from one sample at the Tungsten King showing, while a second sample
returned 2.69% Zn and 0.65% Pb.
Samples of skarn from both the Comet and Tungsten King showings were also elevated in gold (to 0.83 g/t Au) ,
bismuth (to 473 ppm Bi), arsenic (to 4,470 ppm As), tungsten (to 0.18% W) and copper (to 0.3% Cu). The continued
presence of gold within the skarn system, the Bi -Au association and the extent of skarn alteration on the Jersey
property are all encouraging.
Jersey – Phase I 2017 Drill Program Results
The Company has also received final results for the Spring 2017 drill program on the Jersey property. Results from
holes JE17-01 and JE17 -02 have been previously released ( refer to Company news release dated June 28, 2017).
Highlights from holes JE17-05 and JE17-06 are listed in the table below. There were no significant results from holes
JE17-03 or JE17-04.
Page 2 of 3
Hole ID From (m) To (m) Length (m) Pb (%) Zn (%)
JE17-05 59.74 65.84 6.10 2.61% 0.44%
JE17-05 68.32 71.43 3.11 2.02 0.48%
including 68.32 68.79 0.47 4.82%
JE17-06 80.61 82.07 1.46 2.70%
including 81.19 81.64 0.45 7.17%
Notes
For drill samples, intervals listed in this news release are core intervals. Grades are weighted average grades over
that interval. Further drilling is required to determine the relationship between core interval and true thickness.
Sample intervals were determined by mineralization and geology, but generally ranged from 0.5 m to 2.0 m. Sample
weight was simi larly variable depending on interval, averaging approximately 5 kg. QA/QC procedures were
implemented in the drilling program and included Company -inserted blanks and standards of known gold and lead -
zinc grade. Core duplicate samples were also collected at regular intervals. Core was sawn or split (depending on rock
type), with half -core samples delivered to ActLabs’ Kamloops, B.C. laboratory (ISO 9001:2008, ISO 17025, CAN -P-
1579 certification) for preparation and analysis.
Rock samples were representativ e chip samples or grab samples collected from outcrop. Grab samples were also
occasionally taken from the dumps of historic workings. Grab samples are designed to show the presence or absence
of mineralization, and results are not necessarily indicative of average grade.
For both rock and drill core samples, samples were crushed at the lab oratory to 80% passing a 10 mesh (2 mm)
screen, then a 250 g split of the crushed sample was pulverized to 95% passing 105 microns. All samples were
analysed for gold by FA/AA finish on a 30-gram sample of pulverized material, and for a multi -element suite by ICP-
MS following aqua regia digestion. Drilling was NQ2 sized core.
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 supervised the 2017 drill and sampling program and 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 zinc, gold 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 previously producing properties that include the Jersey -Emerald mine, which at one point was
the 2nd largest historic 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 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, and the Company’s 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 acco mpanying 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.
Page 3 of 3
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