Feb 7 2014
Marlin Gold Mining Ltd. ("Marlin") reports today that the first gold pour at the La Trinidad project will occur later this month. The pregnant, barren and contingency ponds are complete with piping scheduled to be complete by this weekend. Approximately 120,000 tonnes of material have been placed on the pad, and leaching will commence late next week.
A first phase exploration trenching program was completed on our site and the data has been used to design a drill program for our San Carlos and Potrerillos satellite targets. We expect to begin drilling those areas early this year, with the goal of significantly increasing the mine life of La Trinidad.
As of February 4, the Company had approximately $5.4 million in cash, which is expected to be sufficient to bring La Trinidad into production and fund working capital needs. The Company continues to evaluate accretive opportunities with a goal of materially increasing our share price.
John Brownlie, CEO commented that "Marlin has reached an exciting point in its history where it is a few weeks away from production. As a cash flowing mining company with no debt and a team that has demonstrated the ability to build assets efficiently, we look to grow our Company through accretive investments whether it be exploring our 118,000 hectare land package or external opportunities as they present themselves."
About Marlin Gold
Marlin Gold is a publicly-listed company on the TSX Venture Exchange with properties located in Sinaloa and Zacatecas, Mexico. Marlin Gold's priority is to advance its properties toward production. The La Trinidad property, which hosts the Taunus gold deposit, continues to be the priority focus of Marlin Gold's development activities and is on track to be in production by early 2014. A complete NI 43-101 resource estimate and preliminary economic assessment for the Taunus deposit 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.