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Marlin Gold Mining Ltd.
Summary
| Project: | Commonwealth | |
|---|---|---|
| Deposit: | Commonwealth | |
| Location: | United States | |
| Commodities: | Gold-Silver | |
| Date: | 2/2/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 2-2-2017: Marlin Gold Mining Ltd. announces an Exploration/Drilling Update report for its Commonwealth deposit at the Commonwealth project. Drilling results incl. 55m @ 2.12g/t Au from 60m. Marlin Gold Mining Ltd. (TSX-V: MLN) ("Marlin" or the "Company") | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Dr. Matthew D. Gray (Resource Geosciences Inc.) | |
| ABSTRACT: | Marlin Gold Mining Ltd. (TSX-V: MLN) ("Marlin" or the "Company") is pleased to report that its tenth core hole at its wholly owned Commonwealth silver and gold project in Cochise County, Arizona (the "Commonwealth Project" or the "Project") has intersected the highest grade x thickness intercept since modernera drilling began in 1972. Hole 17CDDH10 intersected 55 meters of 2.12 g/t gold equivalent using a 160:1 silver to gold ratio (1.32 g/t gold and 128 g/t silver) from 60 to 115 meters, including 26.7 meters of 3.75 g/t gold equivalent (2.4 g/t gold and 217 g/t silver) from 65.3 to 92 meters. True width of the total intercept is estimated to be 33 meters. 17CDDH10 was entirely in oxide mineralization which could potentially be processed using a conventional three-stage crush and agglomeration heap leach process recommended by the April 2014 NI 43-101 Technical Report and Preliminary Economic Assessment. Management uses a 160:1 silver to gold ratio as it attempts to improve the 34% silver recoveries (versus 79% for gold) as estimated by this report. Akiba Leisman, Executive Chairman and Interim CEO states that, "hole 17CDDH10 speaks for itself. This is the best intersection we have in our drilling database going back nearly 45 years. Our geologic understanding of the Commonwealth Project improves with each drill hole we complete, and we are excited with the results we are starting to see. The primary purpose of this drill program was to validate the previous resource and accumulate enough core material to conduct comprehensive metallurgical testing, but the results we have received from the first ten holes have included positive surprises that we are eager to follow up on. Additional drill rigs are being requisitioned, and these results will be followed up on immediately." | |
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