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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


Monday, May 15, 2017 Derek Macpherson

Marlin Hits Best Hole to Date at Commonwealth

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Marlin Gold Mining Ltd. (TSXV:MLN) reported drill results from its Commonwealth project, intersecting 1.56 g/t AuEq (0.83 g/t Au and 116 g/t Ag) over 102.5 m from Hole 17CDDH26, the best hole drilled on the property from a grade x thickness perspective. The hole was designed as a twin to a previous reverse circulation hole, hole E-9. We believe these results should benefit the existing resource, as historic RC holes were used to calculate the current April 2014 resource estimate. More twin holes are being reviewed. In addition, the company intercepted 0.98 g/t AuEq over 11.4 m and 1.04 g/t AuEq over 16.5 m, in the down-dip extension of the Footwall zone (Figure 1). We expect continued exploration success from Commonwealth and La Trinidad, 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


Sunday, May 07, 2017 Derek Macpherson

Marlin Identifies New Zone at Commonwealth

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Marlin Gold Mining Ltd. (TSXV:MLN) released drill results from its Commonwealth project that have defined the new “Footwall Zone” at the Arizona project which could likely grow the resource and lower costs. Following up on hole 16CDDH06 (2.91 g/t AuEq over 25.8m), Marlin drilled an additional 12 core holes and results were highlighted by hole 17CDDH24 which returned 2.20 g/t AuEq over 25.7 m (Figure 1). Besides adding ounces, this new zone appears to be significantly higher grade than the current resource. In our view, this zone has the potential to meaningfully improve project economics. Besides continued drill results from the Footwall Zone, we expect strong Q1 financial results (late May), along with ongoing exploration results from La Trinidad and anticipated permitting news from its San Albino royalty to be positive catalysts for Marlin in the near-term. read more


Monday, May 01, 2017 Derek Macpherson

High-Grade HS Zone Benefits Marlin's Q4 Results

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Marlin Gold Mining Ltd. (TSXV:MLN) released Q4 2016 and full year financial results for 2016 along with full-year 2017 guidance. As expected, mining of the high-grade HS zone in Q4 2016 resulted in the company’s first profitable quarter (EPS of C$0.02 and EBITDA of C$11.6 million). As previously reported the cash generated in Q4 has allowed the company to increase exploration at La Trinidad and Commonwealth, consolidate its land holdings at Commonwealth, aid to reduce the Wexford Capital debt and advance the spin-off of the company’s wholly owned royalty subsidiary Sailfish Royalty Corp. The company also provided 2017 guidance to produce 50-55k oz Au, which appears achievable considering it shipped 18.9k oz Au in Q1. Based on this, we expect strong financial results in Q1, followed by a weaker quarter in Q2; however, the company expects to reach the southern portion of the high-grade zone in June, which should see production and financial results improve in Q3. As well, Marlin has guided that it expects to spin-off Sailfish later this year, once San Albino has received permits or another cash flowing royalty is acquired. We hope to get additional details on both 2017 guidance, the ongoing exploration programs plus the planned spin-out of Sailfish on tomorrow’s 10 am ET conference call (Dial-in: 1-844-348-1683, access code: 16115066). read more


Monday, April 10, 2017 Derek Macpherson

Marlin Intersects High Grades at South HS Zone

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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.  read more


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