Margaux Resources Ltd. announced that it has entered into a non-binding Letter of Intent with Wildsky Resources Inc. for an option to acquire the Cassiar Gold Project in northern British Columbia by way of an all-share agreement. The Cassiar Gold Project is an advanced-stage orogenic gold system, with past-production of approximately 920,000 tonnes at an average grade of 11.9 grams per tonne (g/t) gold, or a total of 350,000 ounces of hard rock gold. During this period, portions of the Property were held by different operators, and production was from different mine operations (predominantly underground) utilizing different mill facilities. The Property has been subsequently amalgamated, now covers 60,000 hectares, and includes all of the areas of historic production, as well as the unmined resources described below. The Property is road accessible and has significant existing infrastructure, including a permitted 270 tonne per day flotation and gravity mill, numerous ancillary buildings, a tailings storage facility, as well as a 30 man camp with grid power. The Property is also the site of a historical placer gold rush during the late 1800's, when an estimated 100,000 ounces of placer gold was produced, including the large gold nugget ever discovered within British Columbia.