Marlin Gold Mining Ltd. (TSX-V: MLN) is pleased to announce positive drill results in the Footwall Zone at Pearce Hill, which hosts a NI 43-101 Measured & Indicated resource of 984,900 gold equivalent ounces.1 Pearce Hill is located within the wholly owned Commonwealth silver and gold property in Cochise County, Arizona.
Marlin has completed a reverse circulation drill campaign designed to explore for Footwall Zone mineralization (sedimentary rock hosted Au mineralized zones) on the north side of Pearce Hill. Results for the first 14 drill holes have been received. The holes confirm that the Footwall Zone mineralization drilled in 2017 beneath the North Vein on Pearce Hill (see press release dated May 4, 2017) continues to the west-northwest for an additional 350 meters from the intercept previously reported from diamond drill hole 17CDDH19 which intersected 1.78 g/t AuEq over 22.75 meters. True width of the mineralized zone varies from 5 to 50 meters. The total drilled strike length has been extended to 525 meters, with drill intercepts demonstrating downdip extents of as much as 200 meters.
Akiba Leisman, Executive Chairman and Interim CEO states that “increasing the strike length and confirming the continuity of the Footwall Zone is another step forward in advancing the Commonwealth Project. These exploration results as well as upcoming metallurgical testing results are critical items as we move Commonwealth towards a construction decision.”
The table below summarizes the significant intercepts drilled by Marlin at Pearce Hill discussed in this press release.
|Drill Hole (1)||From (m)||To (m)||Length (m)||Estimated
|Au (g/t)||Ag (g/t)||Comment|
|18CRC01||0.0||6.1||6.1||6.1||0.33||0.24||14.1||North Vein Zone|
|18CRC02||4.6||24.4||19.8||17.0||0.61||0.47||21.1||North Vein Zone|
|18CRC02||27.4||33.5||6.1||5.2||0.45||0.34||18.3||North Vein Zone|
|18CRC05||No significant intercepts|
|18CRC06||0.0||15.2||15.2||15.2||0.68||0.59||15.2||North Vein Zone|
|(1)||Significant intercept defined as a minimum assay of 0.3 g/t AuEq over a minimum 4.6-meter interval with no more than 1.54 meters of internal dilution below 0.3 g/t AuEq.|
|(2)||Gold equivalent (“AuEq”) values at a silver to gold ratio of 160:1.|
A cross section of drill holes 18CRC09 and 18CRC10 can be viewed by clicking HERE.
A cross section of drill hole 18CRC13 can be viewed by clicking HERE.
A plan view map of holes drilled deep enough to test the Footwall Zone with corresponding grade x thickness values can be viewed by clicking HERE.
Dr. Matthew D. Gray. C.P.G., of Resource Geosciences Incorporated, which oversees, directly or indirectly, the Company’s exploration programs in Mexico and Arizona, a Qualified Person under the definitions of CSA NI 43-101, has supervised the preparation of the information that forms the basis for the scientific and technical disclosure in this news release.
Notes on Sampling and Assaying
Drill cuttings were continuously sampled from inception to termination of the drill hole. Sample intervals were typically 1.54 meters. Drill holes discussed in this press release were drilled using reverse circulation rigs and center return bits. Previous drill holes at Pearce Hill were started as large diameter PQ (8.5cm) core holes, and were reduced to HQ (6.35cm) only where drilling conditions required. Geologic data was captured into a digital database. One half split of the drill cuttings was collected for analysis and one half was retained in secure on-site storage. Samples were kept in a secured logging and storage facility until such time that they were received on site by representatives of Skyline Assayers and Laboratories (“Skyline”). Sample preparation and analysis of pulps was done in the Tucson, Arizona facilities of Skyline. 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 Gold
Marlin is a growth-oriented gold and silver mining company focused on the Americas. The company owns three properties located in Mexico and the USA and a portfolio of royalties. Marlin’s priority is to profitably operate its La Trinidad Mine, conduct further exploration on its other projects and enhance shareholder value through a strategic relationship with Sailfish Royalty Corp. (TSX-V:FISH). 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.
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