Marlin Gold Intersects 1.48 g/t AuEq Over 17.65m, Including 3.93 g/t AuEq Over 4.35m, at the San Cristobal Target ~12 Kilometers Southeast of the Taunus Pit at La Trinidad
VANCOUVER, Aug. 14, 2017 /CNW/ - Marlin Gold Mining Ltd. (TSX-V: MLN) ("Marlin" or the "Company") is pleased to announce positive drill results from the San Cristobal target ("San Cristobal") approximately 12 kilometers southeast of the Taunus pit within the wholly owned La Trinidad property in Sinaloa, Mexico ("La Trinidad").
The objective of the drilling at San Cristobal was to twin reverse circulation holes with HQ (6.35cm diameter) core holes to see if there was positive assay reconciliation similar to what Marlin experienced at the Taunus pit.Due to difficult drilling conditions and the onset of rainy season, this program was limited to four holes, only two of which reached their geological target.
Drill hole 17SCDDH01 intersected 1.48 g/t AuEq over 17.65 meters, including 3.93 g/t AuEq over 4.35 meters.This was a twin (approximately one meter away) of reverse circulation hole 10SCRC001 which intersected 0.74 g/t AuEq over 30 meters (see press release dated July 20, 2010).
The database at San Cristobal contains over 4,800 soil samples covering an area of 30 square kilometers where northwest trending gold zones up to 500 meters wide and three kilometers long have been identified.Gold anomalous zones are open to the southwest.Reconnaissance geological mapping and sampling (over 1,600 rock chip samples) indicate gold and silver is associated with quartz veins, quartz stockwork, quartz breccia and silicified zones within a four kilometer-wide, northwest-trending structural corridor.Rock chip samples have encountered grades up to 62 g/t Au.Silver grades in rock chip samples appear to be increasing in the southern extent of both areas, ranging from 200 to 4,600 g/t Ag (see press release dated June 1, 2010).
Akiba Leisman, Executive Chairman and Interim CEO states that "San Cristobal is a district scale target.The first limited drill program successfully tested our thesis that HQ core does positively reconcile to RC drilling, similar to what we have experienced at the Taunus pit.The next steps at San Cristobal include regional exploration utilizing core drilling and detailed geological mapping with the objective of turning this target into a large scale deposit. "
The table below summarizes the significant intercepts drilled by Marlin at San Cristobal.
|
Drill Hole (1) |
From (m) |
To (m) |
Length (m) |
True Width (m) (3) |
Au (g/t) |
Ag (g/t) |
AuEq (g/t) (4) |
|
17SCDDH01 |
54.25 |
71.90 |
17.65 |
13.90 |
1.19 |
21 |
1.48 |
|
including(2) |
54.25 |
58.60 |
4.35 |
3.43 |
3.44 |
34 |
3.93 |
|
(1) |
Significant intercept defined as a minimum assay of 0.3 g/t Au over a minimum 6-meter interval with no more than 2 meters of internal dilution below 0.3 g/t Au. Drill hole 17SCDDH02 had no significant intercepts and holes 17SCDDH03 and 17SCDDH04 were abandoned. |
|
(2) |
Significant internal intercept defined as a minimum assay of 2.0 g/t Au over a minimum 4-meter interval with no more than 2 meters of internal dilution below 0.5 g/t Au. |
|
(3) |
The true width of the intersection is estimated to be 79% of the drilled intercept based on mapping in the area; however more drilling will be required to determine the true direction and dip of the mineralization since several directions have been mapped. |
|
(4) |
Gold equivalent ("AuEq") values at a silver to gold ratio of 70:1. |
A map of the San Cristobal target area that includes the location of historic holes, the drill holes discussed in this press release and results from rock chip and other surface samples can be viewed by clicking HERE.
Dr. Matthew D. Gray. C.P.G., of Resource Geosciences Incorporated, a Qualified Person under the definitions of CSA NI 43-101, implemented and supervised industry standard QA/QC protocols for the La Trinidad drill sampling program including insertion of duplicate and reference standard samples. Dr. Gray has verified the reliability of the 2017 drill sampling results reported in this press release.
Notes on Sampling and Assaying
Drill core was continuously sampled from inception to termination of the drill hole.Sample intervals were typically two meters.Drill core diameter was HQ (6.35 centimeters).Geologic and geotechnical data was captured into a digital database, core was photographed, then one half split of the core was collected for analysis and one half was retained in the core library.Samples were kept in a secured logging and storage facility until such time that they were received on site by representatives of Bureau Veritas Commodities Canada Ltd. ("Bureau Veritas").Sample preparation was done in the Durango facilities of Bureau Veritas and pulps were sent to the Bureau Veritas laboratory in Vancouver for analysis.Gold was analyzed by standard fire assay fusion, 30 gram aliquot, AAS finish, with samples reporting greater than 10 grams per tonne gold re-assayed by fire assay fusion with gravimetric finish.Controls samples consisting of duplicates, standards, and blanks were inserted into the sample stream and analytical results of control samples confirmed reliability of the assay data.
About Marlin
Marlin is a growth-oriented gold and silver mining company focused on the Americas.The company owns two properties located in Sinaloa, Mexico and Arizona, USA and a portfolio of royalties.Marlin's priority is to advance its properties toward commercial production and enhance shareholder value through the growth of its wholly owned subsidiary, Sailfish Royalty Corp.Marlin is backed by a well-funded investor with a successful track record in the resources sector.The La Trinidad Mine in Sinaloa, Mexico declared commercial production on November 1, 2014 and is one of the highest-grade open pit heap leach gold mines in Mexico.A NI 43-101 mineral resource estimate and preliminary economic assessment for the La Trinidad Mine can be found at www.sedar.com or at www.marlingold.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary statement regarding forward?EUR?looking information
This news release contains 'forward-looking statements' within the meaning of applicable securities laws. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by words such as the following: expects, plans, anticipates, believes, intends, estimates, projects, assumes, potential and similar expressions. Forward-looking statements also include reference to events or conditions that will, would, may, could or should occur, including, without limitation, the intended use of proceeds. These forward-looking statements are necessarily based upon a number of estimates and assumptions that, while based on management's expectations and considered reasonable at the time they are made, are inherently subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements, including, without limitation: the risk that the anticipated effects of the equity financing may not result in the outcomes predicted by management, uncertainties related to raising sufficient financing to fund planned work in a timely manner and on acceptable terms; changes in planned work resulting from logistical, technical or other factors; the possibility that results of work will not fulfill projections/expectations and realize the perceived potential of the Company's projects; uncertainties involved in the interpretation of drilling results and other tests and the estimation of gold resources; risk of accidents, equipment breakdowns and labour disputes or other unanticipated difficulties or interruptions; the possibility of environmental issues at the Company's projects; the possibility of cost overruns or unanticipated expenses in work programs; the need to obtain permits and comply with environmental laws and regulations and other government requirements; fluctuations in the price of gold and other risks and uncertainties, including those described in the Company's current Annual Information Form filed on SEDAR at www.sedar.com. As a result, readers are cautioned not to place undue reliance on these forward-looking statements. The forward-looking statements contained in this news release are made as of the date of this release. Unless required by law, Marlin has no intention to and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
SOURCEMarlin Gold Mining Ltd.
View original content with multimedia: http://www.newswire.ca/en/releases/archive/August2017/14/c3876.html