motherlodetv.net
Gold, zinc, tungsten: Tyler Rice, CEO of Margaux Resources (V.MRL) has a true polymetallic property to explore. Located in South Eastern British Columbia, the Margaux properties follow the rich geology of the Kootenay Arc.
Margaux Resources Ltd. (TSXV: MRL) (OTCQB: MARFF) (“Margaux” or the “Company”) is pleased to report that it has submitted a joint application to the British Columbia Ministry of Energy, Mines & Petroleum Resources, and the Ministry of Environment & Climate Change Strategy, for a Permit under the BC Mines Act to undertake a Bulk Sample of up to 10,000 tonnes of historic tailings from the historic Jersey-Emerald mine (“Bulk Sample”), in southeastern BC.
If you look at a map of historical mining districts in British Columbia, the southeastern corner stands out. Gold, silver, lead, zinc and tungsten have all been profitably mined in the area.
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.