MARGAUX RESOURCES LTD.

Transcription

1 MARGAUX RESOURCES LTD. ADVANCING ASSETS GOLD IN BRITISH COLUMBIA OTCQB: MARFF w w w.margauxresources.com T S X - V: M R L OTC Q B : M A R F F

2 CAUTIONARY STATEMENTS Disclaimer The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this presentation. Statements in this presentation other than purely historical information including statements relating to the Company's future plans and objectives or expected results, are forward-looking statements. This presentation contains certain "Forward-Looking Statements". Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in the Company s business, including risks inherent in resource exploration and development. As a result, actual results might vary materially from those described in this presentation. Readers should verify any & all claims and do their due diligence before investing in any securities mentioned. Investing in securities is speculative and carries a high degree of risk. Drill results reported in this presentation are composite, weighted average grades returned from continuous drill core samples across the interval. 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 drill core samples were shipped to MS Analytical Laboratory in Langley, B.C. (ISO 17025:2005 certification) for preparation and analysis. At the lab, samples were crushed to 70% passing a 10 mesh (2 mm) screen, then a 500 g split of the crushed sample was pulverized to 85% passing 75 microns. All samples were analysed for gold and a multi-element suite by method IMS-132 (ICP-MS analysis following aqua regia digestion of a 40 g sample of pulverized material). For samples returning > 0.2 g/t Au by IMS-132, the sample was re-analysed by method FAS-111 (fire assay/aas finish of a 30 g sample). For samples returning > 10 g/t Au by FAS-111, subsequent gold assay was done by method FAS-415 (fire assay/gravimetric finish of a 30 g sample). For samples returning over limit Ag (> 100 g/t Ag), Pb (> 10,000 ppm Pb), Zn (> 10,000 ppm Zn) or Cu (>10,000 ppm Cu) by IMS-132, samples were assayed for that element by method ICF-6xx (ore grade assay by ICP-ES, following 4 acid digest). Industry bestpractise 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). Readers are cautioned that all mineral resources quoted in this presentation are considered historical resources. The Cassiar project resource estimates were done according to NI standards, however they were prepared for a previous operator and are not current. Significant drilling has been done since the estimates were prepared, particularly in the Taurus area. None of the resource estimates have been verified by Margaux Resources and all are considered historical in nature. Disclosure Linda Caron, Vice President of Exploration of the Company is a "Qualified Person" as defined under NI and has reviewed and approved the technical content of this document. 2

3 THE MARGAUX STRATEGY Build strong management team Quietly & economically amass strategic land positions Create strong community, environmental & industry relationships Bring modern geological experience & methods to neglected, highly prospective areas Complete cost-effective exploration to advance projects; stay nimble Keep drill turning for exploration and resource validation 3

4 CORPORATE STRUCTURE Capital Structure* Exchange: TSX-V / OTCQB Symbol: MRL / MARFF Share Price (1) : C$ Week: C$ $0.35 Financings: Over $12 million raised since July 2016 Insiders & Management: ~14% of shares * All dollar amounts are Canadian (1) December 31, 2018 Management & Advisors with proven success in mining development Board of Directors Chairman James Letwin Director Tyler Rice Director Rob Derkitt Director Chris Stewart Director Doug Foster Senior Management President & CEO Tyler Rice CFO Don Nguyen VP Exploration Linda Caron, P.Eng Manager Bus. Dev. Ryan Bignucolo Advisors Stephen Letwin President & CEO IAMGOLD Dr. Victor Zhao, P.Geo President of CGMC 4

5 OROGENIC GOLD IN BC Margaux controls 2 important orogenic gold districts in British Columbia, Cassiar and Sheep Creek Both are analogous to Barkerville (Geoscience BC Orogenic Gold Project, ) Reinvigorated greenfields and brownfields exploration activity in the Wells-Barkerville mining camp of the Cariboo gold district (Barkerville Gold Mines Ltd., 2017) emphasizes the ongoing and potential future economic importance of orogenic gold in British Columbia The eastern Cordilleran gold belt of B.C. contains deposits of significant mining and exploration interest. Murray Allan; Geoscience BC 2017 Source: Murray Allan, 2017; Geoscience BC; BC Orogenic Au Project 5

6 CASSIAR GOLD DISTRICT LOI signed for NEW ACQUISITION Advanced Project All share deal with WildSky Resources (formerly China Minerals) Past producer; 350,000 oz Au High grade and low grade, bulk tonnage opportunities Permitted 270 tonne per day mill (gravity/flotation) & tailings facility Large land package; 60,000 Ha Good infrastructure (Highway 37, grid power, accommodation) West Bain vein ore 6

7 CASSIAR PROPERTY Site of historic Cassiar placer gold rush, Estimated 100,000 oz placer gold produced Largest gold nugget ever found in BC (72 ounces) comes from Cassiar property 7

8 CASSIAR PROPERTY 15 km corridor of veining along Erickson Creek fault zone (ECFZ) Taurus bulk tonnage target Table Mountain high grade veins High grade gold Main (Erickson) Mine 8

9 TAURUS BULK TONNAGE TARGET Taurus area Looking west Favourable topography, good access Many known zones remain open + room for additional discoveries Resource estimate requires updating 9

10 TAURUS BULK TONNAGE TARGET Historical Inferred Resource* 32.4 Million 1 g/t Au 1.04 million ounces gold cut-off grade 0.5 g/t Au Zone Tonnes Avg grade Au g/t Contained ounces Au Taurus area Sable 1,350, , Hill 8,505, , West 13,102, ,930 Highway 2,456, ,276 Taurus West 3,709, ,056 Taurus 2,348, ,489 Plaza 917, ,999 Total 32,386, ,040, Wardrop Historic Resource* - Requires updating * Wardrop, Technical Report on the Taurus Project Liard Mining District, B.C., for Cusac Gold Mines Ltd. Please note that this resource estimate was prepared for a previous operator. While it was completed in compliance to NI standards, Margaux has yet to verify this resource and considers it a Historical Resource. Significant drilling done in 2012 at Sable and 88 Hill zones which is not incorporated in this resource. 10

11 TAURUS BULK TONNAGE TARGET Taurus area Drill intercepts projected to surface 1 3 g/t Au Sable and 88 Hill Zones have most drilling 3 5 g/t Au More confidence in these resources > 5 g/t Au Zone Tonnes Avg grade Au g/t Contained ounces Au Sable 1,350, , Hill 8,505, , West 13,102, ,930 Highway 2,456, ,276 Taurus West 3,709, ,056 Taurus 2,348, ,489 Plaza 917, ,999 Total 32,386, ,040,886 Wardrop 2009 Historical Inferred Resource 11

12 TAURUS BULK TONNAGE TARGET LONGITUDINAL SECTION Showing near surface, bulk tonnage mineralization 900 m 100 m Long section N, looking north 0.5 g/t cutoff grade shells Ground surface This section requires updating to incorporate the results of 2012 drilling 12

13 TABLE MOUNTAIN HIGH GRADE VEINS Past-production Vein Year Mined Tons Avg Grade Au g/t Ounces Gold Jennie-Maura-Alison-Bear , ,000 Eileen-Michelle-Lily , ,000 West Bain , ,000 Vollaug , ,000 Bear ,000 Rory , Taurus , ,000 Total: 350,651 Mined veins shown in red

14 TABLE MOUNTAIN HIGH GRADE VEINS Main Mine area, looking north Taurus area Mill site 14

15 TABLE MOUNTAIN HIGH GRADE VEINS Bain portal, 2009 West Bain vein West Bain vein ore Underground equipment at Bain portal,

16 TABLE MOUNTAIN HIGH GRADE VEINS 2010 Historical Resource Estimate* Tonnes Au g/t Gold ounces uncut uncut Indicated 21, ,650 Inferred 65, ,360 Cut-off grade = 3 g/t Au On-site permitted mill Many veins known with only minimal drilling 15 km prospective strike length Significant exploration upside 2010 Historical Resource Estimate * Pearson and Bakker, Technical Report on the Table Mountain Property Liard Mining District, B.C., for Hawthorne Gold Corp. Please note that this resource estimate was prepared for a previous operator. While it was completed in compliance to NI standards, Margaux has yet to verify this resource and considers it a Historical Resource. Known veins in purple Mined veins in red All drilling shown, green traces

17 OROGENIC GOLD IN BC Margaux controls 2 important orogenic gold districts in British Columbia, Cassiar and Sheep Creek Both are analogous to Barkerville (Geoscience BC Orogenic Gold Project, ) Reinvigorated greenfields and brownfields exploration activity in the Wells-Barkerville mining camp of the Cariboo gold district (Barkerville Gold Mines Ltd., 2017) emphasizes the ongoing and potential future economic importance of orogenic gold in British Columbia The eastern Cordilleran gold belt of B.C. contains deposits of significant mining and exploration interest. Murray Allan; Geoscience BC 2017 Source: Murray Allan, 2017; Geoscience BC; BC Orogenic Au Project 17

18 SHEEP CREEK GOLD DISTRICT Sheep Creek Gold District = 3rd largest past producing orogenic gold district in BC Gold Belt 1850 Level Historical Gold Production ( ): 785,000 oz Au at 14.4 g/t Au average grade Historical Resource: Sheep Creek (1) Proven 36,391 tonne 13.4 g/t gold Probable 31,908 tonne 18.2 g/t gold Possible 114,572 tonne 9.6 g/t gold Inferred 25,003 tonne 5.3 g/t gold (1) Price, B. (P. Geo.), Geological Summary Report Nugget Mine Sheep Creek Area prepared for Gunsteel Resources Inc. Please note these are historic production and reserve figures and Margaux has yet to conduct work to classify them in accordance with NI standards Significant Historic Gold Production 18

19 SHEEP CREEK GOLD DISTRICT 10 km long belt with 70+ known veins including 32 past-producers Bayonne 2018 Drilling High-grade gold veins Individual veins exploited over 950m strike length, up to 500m depth Strong structural & stratigraphic control to veining Minimal modern exploration g/t Au 19

20 BAYONNE PROPERTY Historic Production ( ) 42,000 oz Au Average grade 16 g/t Au Veins hosted entirely within granodiorite 10 veins known on property All historic production from Bayonne Main vein & A vein splay - mining over 950 m strike, 240 m down dip All reclaimed, not much vein exposure Margaux acquired early 2017, no significant previous exploration Looking east along strike on the (reclaimed) Bayonne Main vein 20

21 BAYONNE PROPERTY 2017: wide spaced drilling to test below historic mine workings good results, including g/t Au Main Vein Long Section Historic workings and stopes (hatched areas) with 2017 drill holes shown at depth below historic mine. BA17-07 BA17-09A BA g/t Au A Vein Long Section From_m To_m Length_m Au g/t Main Vein BA A vein BA17-10 BA Intervals are core intercepts BA m BA g/t Au

22 BAYONNE PROPERTY 2018 DRILLING 2018 drilling designed to: - follow-up high-grade intercepts from 2017, and - test east end of vein system All 2018 holes intersected veining High grade shoot identified on A vein Low-grade, bulk-tonnage style gold mineralization intersected at east end of vein

23 BAYONNE PROPERTY 2018 DRILLING Drilling identified high grade shoot along A vein Hole Interval (m) Au g/t Ag g/t BA BA BA BA BA % Cu, 4.4% Pb, 6.3% Zn 5 of only 7 holes over 350 m length of vein tested this shoot Lots of room to expand

24 BAYONNE PROPERTY 2018 DRILLING Low-grade, bulk-tonnage style gold mineralization intersected at east end of vein Zone comes to surface Bulk tonnage Style g/t Au, 20.5 g/t Ag g/t Au, 3.4 g/t Ag g/t Au, 1.1 g/t Ag Intervals are core intercepts A vein drilling BA18-03: g/t Au m

25 SHEEP CREEK GOLD DISTRICT 2018 drilling at Bayonne vein All holes intersected veining 1 km known strike extent to vein system Vein remains open on strike to the west A vein ore shoot open for expansion 1st time low-grade, bulktonnage style gold mineralization has been intersected Quality target for follow-up testing Hole Interval (m) Discrete High-Grade Gold Veins Au (g/t) Ag (g/t) BA Including: BA Including: BA Including: Low-grade, bulk tonnage potential BA Including: BA Including: BA Including: Intervals are core intercepts 25

26 2018 STATUS UPDATE Drill permits in place Corporate Over-subscribed fall financing Board changes to strengthen technical expertise Cassiar Project acquisition Gold Sheep Creek, 14-hole program Vein intercepts: g/t Au, g/t Ag Low-grade, bulk tonnage potential: g/t Au, 20.5 g/t Ag 26

27 SUMMARY Safe jurisdiction Advanced stage projects with good exploration upside Permitted 270 tpd mill Experienced, proven leadership Bringing modern geoscience to quality properties Low cost exploration, good infrastructure 27

28 MARGAUX RESOURCES LTD. 15 TH FLOOR, BANKERS COURT ND STREET SW CALGARY, AB T2P 0R8 TEL: OTCQB: Margaux 28