Margaux Resources (MRL) (MARFF) Announces All Results from 2017 Jackpot Drill Program Including High Grade Zinc and Broad, Near-Surface Mineralization

Spotlight Companies  |

Margaux Resources Ltd. (TSXV: MRL) (OTCQB: MARFF) is pleased to announce it has received all the drill results from Company's 2017 drill program on the Jackpot zinc property, part of the Company's Kootenay Arc project in southern B.C.

Key Highlights from the Jackpot drill program include:

8.8 m grading 7.13% zinc, 0.93% lead and 8.4 g/t silver (Jackpot East)

8.5 m grading 6.66% zinc, 0.70% lead and 6.5 g/t silver (Jackpot East)

6.0 m grading 6.52% zinc, including 2 m grading 14.9% zinc (Jackpot Main)

Multiple mineralized horizons with >6% zinc

Broad low-grade zinc mineralization intersected in 7 holes, including:

o163.9 m grading 1.41% zinc, 0.13% lead and 1.7 g/t silver

o50.68 m grading 2.30% zinc, 0.22% lead and 2.6 g/t silver

"These strong zinc results give us a great indication of the enticing mineralization in the area. Our work over the winter, and subsequent drilling in 2018, will provide a greater understanding of the extent and strength of these zones. We look forward to seeing how far reaching the mineralization is, especially considering the 2017 drilling only covered a small portion of the property," said Linda Caron, Margaux's VP Exploration.

Nine holes, totalling 1,397 m, were drilled within a 500 x 1,000 m area, to test the Jackpot Main, Lerwick and Jackpot East zones. Results have been previously released for the first four holes from the 2017 program (see Company news releases October 25, 2017 and November 8, 2017). The results for the remaining five holes are included in this release (as highlighted below and on the attached map).

Tyler Rice, President and CEO for Margaux stated "The 2017 drill program at Jackpot gave us exciting and encouraging zinc results, and plenty to continue our interest in the property and provide significant leads for 2018. The combination of high-grade results plus large tonnage, lower grade, near-surface mineralization is a game-changer for us, especially in the current high-price zinc environment."

1Newly released drill result
2Previously released drill result


Figure 1: Margaux Resources Ltd. Kootenay Arc Project 2017 Jackpot Drilling

To view an enhanced version of Figure 1, please visit:
http://orders.newsfilecorp.com/files/2958/31022_a1512467842902_30.jpg

Notes

Results reported in this release are composite, weighted average grades returned from continuous drill core samples across the interval. 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 with 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 95% 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 returning >5000 ppm Zn or >5000 ppm Pb, samples were subsequently analyzed using peroxide fusion/ICP-MS techniques. Industry best-practice QA/QC procedures were implemented during the drilling 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. (TSXV: 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 2nd largest tungsten mine in North America.

In the interest of full disclosure, we call the reader's attention to the fact that Equities.com, Inc. is compensated by the companies profiled in the Spotlight Companies section. The purpose of these profiles is to provide awareness of these companies to investors in the micro, small-cap and growth equity community and should not in any way be considered as a recommendation to buy, sell or hold these securities. Equities.com is not a registered broker dealer, investment advisor, financial analyst, investment banker or other investment professional. We are a publisher of original and third party news and information. All profiles are based on information that is available to the public. The information contained herein should not be considered to be complete and is not guaranteed by Equities.com to be free from misstatement or errors. The views expressed are our own and not intended to be the basis for any investment decision. Readers are reminded to do their own due diligence when researching any companies mentioned on this website. Always bear in mind that investing in early-stage companies is risky and you are encouraged to only invest an amount that you can afford to lose completely without any change in your lifestyle. Equities has been compensated with cash, common shares and/or warrants for market awareness services provided.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Companies

Symbol Name Price Change % Volume
MRL:CA Margaux Resources Ltd. 0.08 0.00 0.00 500
MARFF Margaux Resources Ltd 0.07 0.00 0.00 0

Comments

Emerging Growth

Lomiko Metals Inc.

Lomiko Metals Inc is an exploration stage company. It is engaged in the acquisition, exploration and development of resource properties. Its projects include Vines Lake project and Quatre - Milles…