Marlin Gold Mining Ltd. (TSXV:MLN) announced high grade results from drilling in the southern part of the HS zone at its La Trinidad mine in Sinaloa,
Mexico. The company reported two intercepts from drill hole 17TRD44, 15.55 g/t Au over 15.45m (upper intercept) and 5.81 g/t Au over 12.55m (lower
intercept) which remains open to the west with the nearest drill hole to the north located 59m away. To note, the lower intercept confirmed mineralization
beyond the current pit limits, and hit higher grades than previous results from hole 09TR023 announced on September 9, 2009 which intercepted 1.5 g/t
Au over 17.8m, including 3.8 g/t Au over 5.8m. The company is planning to follow-up on these results, including targeting areas along strike to the
south. Today’s results continue to support our view that La Trinidad’s mine-life could be extended via near-pit resources and that we expect the company
to benefit from higher grades in the second-half of 2017 when they start mining the southern part of the HS zone. We expect continued exploration success
to be an important near-term catalyst for the company. In addition, ongoing exploration activities at Commonwealth and a permitting update from San
Albino on which the company has a gold stream, should provide positive momentum for the share price.
Derek Macpherson | VP Mining Analysis
Victoria Ellis Hayes | Associate
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Marlin Gold Mining Ltd. - TSXV:MLN - 1,2,3,4
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