Interview with Tyler Rice, President and CEO of Margaux Resources (TSX-V:MRL), as well as comments from Linda Caron, VP Exploration, Kaesy Gladwin, Senior Geologist and Consultant Scott Zelligan who worked on the historic resource update. This is probably one of our favourite small mining projects. It's a Gold bulk tonnage play with some high-grade upside and a lot of historic drill data. We've seen these work but the management will need to be cognisant of how to develop it without large dilutory financings. We typically don't spend much time looking at this end of the market but there is sheer scale. The G&A is low and the team is experienced in Orogenic Gold systems. This opportunity is something that we are interested in. It has been described as the next Barkerville Gold and an early stage Osisko. Nice parallels, but still a lot of work to do - the early signs are good and one to watch for sure as it is still cheap. 

Their tailings project (600,000t @ 1.2g/t) could potentially net them $4M-$5M cash if they outsource the processing. Tyler Rice indicates that they are evaluating this but do not expect it to happen in the next 12 months,  disappointing but at least it is coming. The recent Maiden Resource of +1Moz puts them on a firm footing but what next? 

Interview Highlights:

  • Recent News: Funding and Announcing The Maiden Resource
  • Company Financials: What is Their Cash Position and What Are They Going to Do With The Money?
  • Gold Market Conditions
  • Tailings Project: When Are They Moving it Forwards?
  • The Expert's View: Geologists Explain Their Excitement Over the Projects

Company page: https://margauxresources.com

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