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Margaux Resources Ltd. (TSX VENTURE:MRL, OTCQB:MARFF) (“Margaux” or the “Company”) is pleased to provide an update on the Company’s Bayonne property, part of Margaux’s Kootenay Arc project in southern British Columbia.
Margaux Resources Ltd. (TSX VENTURE:MRL, OTCQB:MARFF) (“Margaux” or the “Company”) is pleased to announce it has signed a term sheet with CRONIMET Mining Processing AG (“CRONIMET”), a business unit of the CRONIMET Mining Group. The parties have agreed to perform a preliminary assessment towards determining the potential economic feasibility of recovering minerals from the historic tungsten tailings from the Jersey-Emerald mine (“Tailings”). Subject to receiving positive results from the preliminary assessment, project funding, regulatory approvals and permitting funding, the Jersey-Emerald Tailings Project (“JET Project”) will advance to the next stage of assessment by expanding the operations to the pilot scale as further described below.