Margaux Resources Signs Drilling Contractor for its Upcoming Kootenay Arc Drill Program
8192562.1
NEWS RELEASE
Margaux Resources Signs Drilling Contractor for its Upcoming Kootenay Arc Drill
Program
CALGARY, ALBERTA -- (The Newswire – May 11, 2017)
Margaux Resources Ltd. (TSX VENTURE: MRL, OTCQB: MARFF) (“Margaux” or the “Company”) is pleased to announce
the signing of a drilling contract with Wade Critchlow Enterprises , a Salmo-based diamond drilling contractor. The
drilling program is scheduled to be conducted in two phases, and is to include a minimum of 5,500 metres of diamond
drilling on the Company’s Jersey-Emerald, Jackpot, Bayonne, Sheep Creek and Ore Hill properties in southeastern
British Columbia.
“We are excited to be advancing the exploration of our Kootenay Arc properties,” said Tyler Rice, President and CEO
of Margaux. “ The Company is in a strong position to embark on this upcoming drill program, following our recent
private placement, and we look forward to the drilling results providing us with a better understanding of our newly
acquired assets as well as our core Jersey-Emerald property”.
Preparations for the drilling program are currently underway , and under the terms of the contract, drilling is
expected to commence on May 15, 2017. Phase 1 of the program is to be conducted on Margaux’s Jersey -Emerald
property, where approximately 1,100 metres of NQ2 drilling is planned from five sites.
This will be f ollowed by Phase 2 on the Company’s Jackpot, Sheep Creek, Bayonne and Ore Hill properties , where
approximately 4,400 metres is to be drilled . Phase 2 drilling will commence when snow conditions allow and once
the relevant permits are in place.
Drilling will test gold and lead -zinc targets identified on the basis of geological mapping, geophysics, geochemical
sampling, and previous drilling completed on the properties.
Qualified Person
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, 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
8192562.1
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 document s accompanying 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 Regulati on 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