Canadian Mining Journal


GOLD: Margaux files NI 43-101 for Cassiar gold project resource estimate

BRITISH COLUMBIA – Margaux Resources announced that it recently filed a National Instrument 43-101 technical report to support its maiden mineral resource estimate for the Taurus deposit on the Cassiar gold property.

“The Margaux technical team continues to compile and verify historical technical data in preparation for the upcoming exploration season,” the company said in a press release. “Existing digital data is being vetted and transferred, while additional data from historical work on the property is being incorporated.”

According to Margaux, in addition to technical work, its team is advancing reporting, permitting, and logistical planning to support the 2020 exploration program, which will include drilling, and is expected to begin in May.

The miner said the program will focus on quality infill, extension, and exploration targets, primarily near the 1 million oz. Taurus resource area, reported on back in September 2019.

“With a history of gold mining on high-grade vein deposits across the property, and a recently-confirmed million-ounce bulk tonnage resource at surface, we see a lot of upside at Cassiar,” Tyler Rice, Margaux’s president and CEO, said in the press brief.

Located in northern British Columbia, the 56,000-ha. project is an advanced-stage orogenic gold system with a historical inferred resource of 1.04 million oz. of gold found within 32.4 million tonnes at an average grade of 1.0 g/t gold.

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