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Marlin Gold Mining Ltd.
Summary
| Project: | Commonwealth | |
|---|---|---|
| Deposit: | Commonwealth | |
| Location: | United States | |
| Commodities: | Gold-Silver | |
| Date: | 5/4/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 4-5-2017: Marlin Gold Mining Ltd. announces an Exploration/Drilling Update report for its Commonwealth deposit at the Commonwealth project. Drilling results incl. 25.70m @ 2.08g/t Au, 19g/t Ag from 137.70m. Marlin Gold Mining Ltd. (TSX-V: MLN) ("Marlin" o | |
| 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 drilling results from its wholly owned Commonwealth silver and gold project in Cochise County, Arizona (the "Commonwealth Project"). The original interpretation of the Footwall Zone was that of a parallel structure associated with the North Vein and part of the same mineralized zone. However, further drilling and geochemical analysis has suggested that this is a distinct structure, with higher gold values relative to silver, and formed at a different time and under different chemical conditions. This is consistent with the theory that this district, which Marlin has consolidated for the first time in modern history, is part of a larger hydrothermal system that has seen multiple mineralizing events and has hosted a number of economic gold and silver deposits. Akiba Leisman, Executive Chairman and Interim CEO states that, "based solely on the discovery hole, the interpretation of the Footwall Zone was that of a high grade, but small target. Now that we have drill tested the Footwall Zone with 12 core holes, and hit significant intercepts on seven of these holes, we believe the potential of this target has increased substantially. As a result, we will continue drill testing down dip and along strike. Additionally, the better understanding of this new gold zone on Pearce Hill provides us an analog that we can look for elsewhere on our approximately 3,600 acres of privately owned land using targets developed from our geochemistry and geophysics programs." | |
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