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Marlin Gold Mining Ltd.
Summary
| Project: | La Trinidad | |
|---|---|---|
| Deposit: | La Trinidad | |
| Location: | Mexico | |
| Commodities: | Gold | |
| Date: | 4/3/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 3-4-2017: Marlin Gold Mining Ltd. announces an Exploration/Drilling Update report for its La Trinidad deposit at the La Trinidad project. Drilling results incl. 20m @ 2.33g/t Au from 48.00m. 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 provide an operating update from its wholly owned La Trinidad mine in Sinaloa, Mexico ("La Trinidad"). A drill contractor has been at site since early December 2016 to follow up on the high grade blast-hole assays from the negative two level bench and below in the north side pit wall and to drill to depth the southern part of the high grade HS Zone. Since September 15, 2016, when Marlin began consistently mining the high grade HS Zone, the Company has stacked 79,302 ounces of gold with 19,844 coming in 1Q17 alone. The tonnes stacked in 1Q17 had an average grade of approximately 1.74 grams per tonne. In addition, Marlin has an approximately 185,000-tonne stockpile of mineralized material remains with an average grade of approximately 0.80 grams per tonne. Management expects to process grades similar to the average stockpile grade as we accelerate mining to reach the southern part of the high grade HS Zone by the end of 2Q17. This is an improvement to prior estimates of reaching the southern part of the HS Zone by 3Q17. With the processing of our current stockpile, and accelerated southern HS Zone mine plan, management now expects consistent operating cash flow for at least the next two full years, confirming what was estimated by the 2nd Amended NI 43-101 Technical Report dated February 1, 2013 prepared by SRK Consulting. A detailed operating update will be provided in conjunction with filing our audited financials in April. | |
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