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Last $0.23 USD
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CRMNF On Other Exchanges
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As of 4:30 PM 11/28/14 All times are local (Market data is delayed by at least 15 minutes).

margaux resources ltd (CRMNF) Snapshot

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margaux resources ltd (CRMNF) Details

Margaux Resources Ltd. explores and produces oil and gas properties in Canada. It also explores for tungsten, zinc, lead, gold,s and silver. The company holds interests in various oil and gas properties located in the Western Canadian Sedimentary Basin. It also owns a 100% interest in the Jersey Emerald property that consists mineral claims and crown grants covering approximately 15,000 hectares located in southeastern British Columbia. The company was formerly known as Carmen Energy Inc. and changed its name to Margaux Resources Ltd. in July 2013. Margaux Resources Ltd. was incorporated in 2009 and is based in Calgary, Canada.

margaux resources ltd (CRMNF) Top Compensated Officers

Chief Executive Officer and President
Total Annual Compensation: C$102.5K
Compensation as of Fiscal Year 2013.

margaux resources ltd (CRMNF) Key Developments

Margaux Resources Ltd. Releases Results of an Updated Resource Estimate for Tungsten

Margaux Resources Ltd. announced that the company release the results of an updated resource estimate for tungsten on the company's Jersey-Emerald property, located near Salmo, British Columbia. The global tungsten resource for the Property has increased 6% in the measured plus indicated (M+I) category, and 84% in the inferred category. The new tungsten resource estimate for the Property, using a 0.15% WO3 cut-off grade, yields a total M+I resource of 3.071 million tons (Mt) averaging 0.341% WO3, and an inferred resource of 5.480 Mt averaging 0.273% WO3. During 2014, the company completed a drilling program that tested the East Emerald zone on the Property in order to expand the global tungsten resources on the Property. Thirty-five drill holes produced 6,318.6 metres of core. The drill program was successful in defining a series of east-dipping mineralized tungsten bodies, which expanded the strike length of the East Emerald zone to 1,300 m. Highlights from the 2014 drill program include: 0.23% WO3 over a drilled length of 8.65 m in E1402; 0.49% WO3 over a drilled length of 2.75 m in E1404; 0.50% WO3 over a drilled length of 4.50 m in E1409; 0.52% WO3 over a drilled length of 3.35 m in E1410 including 2.19 grams per tonne Au; 0.59% WO3 over a drilled length of 2.65 m in E1412; 0.22% WO3 over a drilled length of 6.71 m in E1413; 0.35% WO3 over a drilled length of 4.00 m in E1414; 0.33% WO3 over a drilled length of 6.45 m in E1419 including 0.65 grams per tonne Au; 0.14% WO3 over a drilled length of 1.40 m in E1422 including 1.32 grams per tonne Au; 0.27% WO3 over a drilled length of 6.45 m in E1423; and 0.47% WO3 over a drilled length of 5.15 m in E1432.

Margaux Resources Ltd. Auditor Raises 'Going Concern' Doubt

Margaux Resources Ltd. filed its Annual on Jan 28, 2015 for the period ending Sep 30, 2014. In this report its auditor, Grant Thornton, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Margaux Resources Ltd. Reports Additional Drilling Results

Margaux Resources Ltd. released the results from holes E1433 through to E1435, the final holes drilled during the company's 2014 program at the Jersey Emerald Property, located near the town of Salmo in south-eastern British Columbia. Margaux completed 578.8 meters of drilling in three drill holes as a follow-up to the significant gold intercept in bismuthinite-bearing granite in hole E1411. Gold values returned from E1411 averaged 24.98 grams per tone over 10.20 m from 116.8 to 127 m depth including 1.7 m of 63.71 g/t gold. A value of 68.3 g/t gold was returned from a 0.65 m wide sample of granite-skarn breccia in hole E1433 that may correlate with the gold-bearing structure of E1411. A more prominent granite dyke, similar to that in E1411, returned 3.43 g/t gold over 1 m. Gold intercepts such as these continue to provide evidence that the property has the potential to host gold zones within or adjacent to tungsten bearing zones. The recent drilling did not conclusively extend or limit the gold mineralization intercepted in E1411. Further work is required to determine the orientation and extent of this elevated-grade gold target.

 

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