Margaux Resources Ltd. is pleased to announce that it has executed the definitive agreement with Wildsky Resources Inc. for an option to acquire a 100% interest in the Cassiar Gold Project in northern British Columbia by way of an all-share agreement. The Cassiar Gold Project is a road-accessible, advanced-stage orogenic gold system, with a historical Inferred Resource of 1.04 million ounces gold . The resource is [...]
Margaux Resources Ltd. is pleased to announce that subject to TSX Venture Exchange approval, it intends to issue, pursuant to a non-brokered private placement, up to: 3,125,000 units of the Company at a price of $0.08 per Unit; and 2,500,000 flow-through units of the Company at a price of $0.10 per Flow-Through Unit, for aggregate gross proceeds of up to $500,000 . Each Unit will consist of one common share in the capital [...]
Margaux Resources Ltd. is pleased to announce that it has entered into a non-binding Letter of Intent with Wildsky Resources Inc. for an option to acquire the Cassiar Gold Project in northern British Columbia by way of an all-share agreement. The Cassiar Gold Project is an advanced-stage orogenic gold system, with past-production of approximately 920,000 tonnes at an average grade of 11.9 grams per tonne gold, or a total [...]
Calgary, Alberta-- - Margaux Resources Ltd. is pleased to announce that it has entered into an option agreement with a third party to option the Old Timer gold property , near Salmo in southern British Columbia. The Old Timer Property is a road-accessible property, located 10 km north of the Company's Jackpot property, at the north end of the historic Ymir gold belt. It is comprised of 16 mineral claims, totalling [...]
Margaux Resources Ltd. is pleased to announce that it received in excess of the previously announced $850,000 non-brokered private placement , and subject to receiving final regulatory approvals, has increased and closed the second tranche of its non-brokered private placement by issuing: 3,550,000 units of the Company at a price of $0.08; and 250,000 common shares of the Company issued on a "CEE flow-through" basis [...]
Margaux Resources Ltd. is pleased to announce that follow-up drilling on the Company's Bayonne gold property in southern BC is complete. Two holes were drilled to follow up the Company's recent 12 hole drill program on the property. Previously released highlights from the 12 hole program include: Vein intercepts from drilling: 1.40 m @ 39.43 g/t gold, 131.2 g/t silver 0.88 m @ 16.88 g/t gold, 60.2 g/t silver 1.14 m [...]
Margaux Resources Ltd. is pleased to announce that results have been received for the 12 hole drill program recently completed on the Bayonne gold property, part of the Company's Sheep Creek Gold District in southern B.C. Based on these results, a drill has been mobilized to the property for follow-up drilling. Highlights All of the 2018 drill holes intersected veining; Vein intercepts from drilling include: 1.40 m [...]
Margaux Resources Ltd. is pleased to announce that further to its press release dated September 20, 2018, and subject to receiving final regulatory approvals, it has closed the first tranche of its non-brokered private placement by issuing: 7,033,100 units of the Company at a price of $0.08; and 2,379,566 common shares of the Company issued on a "CEE flow-through" basis pursuant to the Income Tax Act at a price of $0.10 [...]
Margaux Resources Ltd. has elected to terminate the option agreement on the Jersey-Emerald property in southern British Columbia. Margaux entered into the option agreement with Apex Resources Inc. in 2013. The ongoing monthly option payments to Apex of $50,000 were determined by Margaux's board of directors to be unjustifiable in light of current market conditions and metal prices, and no longer in the best interest of [...]
Margaux Resources Ltd. is pleased to announce that subject to TSX Venture Exchange approval, it intends to issue, pursuant to a non-brokered private placement, up to: 4,375,000 units of the Company at a price of $0.08 per Unit; and 5,000,000 common shares of the Company issued on a "CEE flow-through" basis pursuant to the Income Tax Act at a price of $0.10 per Flow-Through Share, for aggregate gross proceeds of up to [...]
Margaux Resources Ltd. is pleased to announce that further to its press release dated August 15, 2018, the Company received final regulatory approval on September 12, 2018 and has closed its previously announced non-brokered private placement by issuing 1,486,020 common shares of the Company issued on a "CEE flow-through" basis pursuant to the Income Tax Act at a price of $0.23 per Flow-Through Share, for gross proceeds [...]
Margaux Resources Ltd. is pleased to announce that further to its press release dated July 23, 2018 and subject to receiving final regulatory approvals, it has closed the first tranche of its previously announced non-brokered private placement by issuing: 1,486,020 common shares of the Company issued on a "CEE flow-through" basis pursuant to the Income Tax Act at a price of $0.23 per Flow-Through Share, for gross proceeds [...]
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