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Marlin Gold Mining Ltd.
Summary
| Project: | Commonwealth | |
|---|---|---|
| Deposit: | Six Mile Hill | |
| Location: | United States | |
| Commodities: | Gold-Silver | |
| Date: | 7/17/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 17-7-2017: Marlin Gold Mining Ltd. announces an Exploration/Drilling Update report for its Six Mile Hill deposit at the Commonwealth project. Drilling results incl. 30.48m @ 1.91g/t Au from 96.01m. VANCOUVER, July 17, 2017 /CNW/ - Marlin Gold Mining Ltd. | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Dr. Matthew D. Gray (Resource Geosciences Inc.) | |
| ABSTRACT: | VANCOUVER, July 17, 2017 /CNW/ - Marlin Gold Mining Ltd. (TSX-V: MLN) ("Marlin" or the "Company") is pleased to announce positive drill results at Six Mile Hill approximately two kilometers southwest of Pearce Hill, which hosts a historic NI 43-101 Measured & Indicated resource of 984,900 gold equivalent ounces.1 Six Mile Hill and Pearce Hill are both located within the wholly owned Commonwealth silver and gold property in Cochise County, Arizona (the "Commonwealth Project"). Six Mile Hill hosts multistage banded epithermal veins that are poorly exposed in outcrop and in historic prospects. The area of historic prospects was drill tested in the 1980s by previous operators, who reported intersecting epithermal quartz veins without significant gold or silver content. Recent mapping by Marlin located the possible southeast extensions of these veined zones. Reverse circulation drill holes 17SMRC01, 17SMRC02, and 17SMRC03 successfully tested one of these zones over 400 meters of strike length and all intersected a mineralized quartz veined zone over drilled widths of 7.6 to 30.5 meters. True widths cannot be demonstrated until additional drill intercepts cross the zone, but if the drilled zone maintains the same orientation as the near vertical, steeply southwest dipping quartz veins and veinlets in volcanic and volcaniclastic rock mapped at surface, true widths can be interpreted to be 50-55% of the drilled intercept. Drill holes 17SMRC01 and 17SMRC03 tested a previously undrilled area, more than 215 meters distance from the nearest historic drill holes. Both yielded grades and mineralized thicknesses that exceed what Marlin mapped and sampled at surface. Specifically, 17SMRC01 intercepted 1.02 g/t Au over 30.48 meters (16.70 meters interpreted true width) and 17SMRC03 intercepted 1.91 g/t Au over 30.48 meters (15.20 meters interpreted true width). | |
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