RCKS Talk

Tuesday, March 13, 2018 Derek Macpherson

Marlin Gold: More to this Fish than Meets the Eye

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We recently took the time to dig deeper into Marlin Gold Mining Ltd. (TSXV:MLN, $0.405) and are publishing our initial estimates. We came to the conclusion that Marlin Gold is an undervalued gold producer with increasing near-term cash flow providing the company optionality for shareholders, as it positions the company to unlock shareholder value via exploration at its existing assets, all three have good potential, or using its cash pending cash flow as a lure for an accretive acquisition. A summary of our work can be found below, and our full report can be downloaded here.  read more


Tuesday, February 27, 2018 Derek Macpherson

RCKS 6th Annual Pre-PDAC Mining Showcase Presenter Preview

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On Friday, March 2, 2018, Red Cloud Klondike Strike Inc. will be hosting its 6th Annual Pre-PDAC Mining Showcase. The event features presentations from 30 companies, including a breakfast panel focused on new technology in mining and a keynote lunch presentation from Osisko Mining Inc. (TSX:OSK), SolGold Plc. (TSX:SOLG) and Ascot Resources Ltd. (TSXV:AOT). For more details, please visit our events page. In this post, we provide a brief preview on the 30 presenting companies and a list of banner participants that will be in attendance.  read more


Thursday, February 15, 2018 Derek Macpherson

Marlin Gold Intersects High-Grade Gold at Six Mile Hill

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Marlin Gold Mining Ltd. (TSXV:MLN) has reported drill results from Six Mile Hill, approximately 2km southwest of the Pearce Hill, which lies within the company’s wholly owned Commonwealth Au-Ag property in Arizona. Pearce Hill currently hosts a NI 43-101 Measured and Indicated resource of 984,900 oz AuEq. Six Mile Hill hosts multistage banded epithermal veins that are present in historic prospects that were drill tested in the 1980s by previous operators, who reported intersecting epithermal quartz veins without significant gold or silver content. Surface mapping conducted by Marlin supported the possibility of southeast extensions of the veined zones, which the company recently tested with RC drill holes 17SMRC01, 17SMRC02 and 17SMRC03, hitting Au-Ag mineralization. The company recently targeted this zone with further drilling and highlighted the intersection of 6.1m of gold mineralized quartz veins grading 8.15 g/t Au in drill hole 17SMRC10. The company has attempted to twin drill hole 17SMRC02 and returned a larger difference in gold grade than expected, which has suggested the necessity to conduct diamond core drilling instead of RC and the possibility that there is a coarse gold presence in the mineralization. The company continues to have exploration success at both La Trinidad and Commonwealth. Over the near term, exploration success should be positive catalysts for the company.  read more


Tuesday, January 16, 2018 Derek Macpherson

Marlin Gold Intersects High-Grade Gold at La Trinidad

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Marlin Gold Mining Ltd. (TSXV:MLN) has reported drill results from the Colinas target within the permitted mining boundary at its wholly owned La Trinidad gold mine in Sinaloa, Mexico. Diamond drill holes 17COLDDH08, 17COLDDH14 and 17COLDDH15 all intersected a low angle faulted vein zone, which has been interpreted to be a thrust fault. The holes returned grades of 2.66 g/t Au, 8.42 g/t Au and 7.17 g/t Au over 3.65m, 2.37m and 2.8m, respectively. These intercepts are all near surface at depths ranging from 10-23.5m, which opens up another prospective zone with an estimated 250m of strike length within the mining permitted boundary. Colinas appears to represent a new high-grade area, and because of its proximity to surface, could be a new source of high-grade feed and could be used to supplement current production. The company continues to have exploration success at both La Trinidad and Commonwealth. Over the near term, exploration success should be positive catalysts for the company.  read more


Monday, October 23, 2017 Derek Macpherson

RCKS 5th Annual Fall Mining Showcase Presenter Preview

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On Thursday October 26, 2017, Red Cloud Klondike Strike Inc. will be hosting its 5th Annual Fall Mining Showcase. The event features presentations from 18 companies, including a themed breakfast and lunch presentation from industry leaders. For more details, please visit our event page. In this post, we provide a brief preview on the 18 presenting companies and 19 banner participants that will be in attendance.  read more


Monday, June 12, 2017 Derek Macpherson

MLN Continues to Add Ounces at La Trinidad

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Marlin Gold Mining Ltd. (TSXV:MLN) announced additional promising results from ongoing drilling at its La Trinidad mine in Mexico. Highlighted by Hole 17TRD52 results intersected 2.73 g/t Au over 38.70m (16.30m true width), including 5.12 g/t Au over 14.00m (5.88m true width), targeting areas around previously announced holes 17TRD50 and 17TRD44. Similar to the other two holes mentioned, the upper intercept was originally understood to be waste, suggesting the company has added ounces to the current mine plan. The company is planning to mine the area within the next two months. Drilling continues to refine the current mine plan and explore targets to the southeast. Marlin’s continued exploration success from La Trinidad and Commonwealth as well as anticipated permitting news from its San Albino royalty should be positive catalysts for the company over the near-term. In addition, the company has initiated exploration at San Cristobal, a sizeable regional target near La Trinidad and while early days, results have the potential to be game-changing for the company. read more


Thursday, June 01, 2017 Derek Macpherson

MLN Meets Expectations; Reports Strong Q1

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Marlin Gold Mining Ltd. (TSXV:MLN) announced strong Q1 2017 financial results producing 15,556 oz Au and selling 20,401 oz Au. Following a profitable Q4, revenues of C$32.6 million and adjusted EBITDA of C$21.8 million were realized during the quarter. Importantly, cash flow from the high-grade HS Zone has allowed the company to complete the expansion of the leach pad and remove waste to access the southern part of the zone. It is anticipated that Marlin would start mining the HS zone again in June 2017, setting up the company for a strong H2. Based on Q1 production results, the company appears to be well-positioned to meet its guidance expectations of 50-55k oz Au for 2017. However, we do expect Q2 2017 to be weaker because of increased stripping and the processing of lower stockpiled grades. The company noted it’s in the final stages of completing the spin-out of its wholly owned royalty subsidiary Sailfish Royalty Corp., upon receiving permitting news from San Albino or the addition of another cash-flowing royalty. Marlin’s continued exploration success from La Trinidad and Commonwealth as well as anticipated permitting news from its San Albino royalty should be positive catalysts for the company over the near-term. In addition, the company has initiated exploration at San Cristobal, a sizeable regional target near La Trinidad and while early days results have the potential to be game-changing for the company.  read more


Wednesday, May 24, 2017 Derek Macpherson

MLN Drill Results Adds Ounces to the Mine Plan

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Marlin Gold Mining Ltd. (TSXV:MLN) reported its second highest grade x thickness intercept from infill hole 17TRD50, which intersected 7.57 g/t Au over 63.35m including 29.34 g/t Au over 10m, 25m north of hole 17TRD44 at its La Trinidad mine in Mexico. This hole likely converts an area previously considered waste into ore and suggests that the significant positive grade reconciliation seen in the North end of the zone is possible in the South end. The company is planning to be mining this area in the later portion of this year. We expect continued exploration success from La Trinidad and Commonwealth, anticipated permitting news from its San Albino royalty and strong Q1 financial results (late May) to be positive catalysts for Marlin over the near-term.  read more


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