Mar­lin drills 30.48 m of 1.91 g/t Au at Com­mon­wealth

Stockwatch Daily - - MINES & METALS - Mr. Ak­iba Leis­man re­ports

MAR­LIN GOLD Min­ing Ltd. has re­leased pos­i­tive drill re­sults at Six Mile Hill, ap­prox­i­mately two kilo­me­tres south­west of Pearce Hill, which hosts a his­toric Na­tional In­stru­ment 43-101 mea­sured and in­di­cated re­source of 984,900 gold equiv­a­lent ounces. Six Mile Hill and Pearce Hill are both lo­cated within the wholly owned Com­mon­wealth sil­ver and gold prop­erty in Cochise county, Ari­zona.

Six Mile Hill hosts mul­ti­stage banded ep­ither­mal veins that are poorly ex­posed in out­crop and in his­toric prospects. Re­cent map­ping by Mar­lin lo­cated the pos­si­ble south­east ex­ten­sions of these veined zones. Re­verse cir­cu­la­tion drill holes 17SMRC01, 17SMRC02 and 17SMRC03 suc­cess­fully tested one of these zones over 400 me­tres of strike length and all in­ter­sected a min­er­al­ized quartz veined zone over drilled widths of 7.6 to 30.5 me­tres.

Drill holes 17SMRC01 and 17SMRC03 tested a pre­vi­ously un­drilled area, more than 215 me­tres dis­tance from the near­est his­toric drill holes. Both yielded grades and min­er­al­ized thick­nesses that ex­ceed what Mar­lin mapped and sam­pled at sur­face. Specif­i­cally, 17SMRC01 in­ter­cepted 1.02 grams per tonne gold over 30.48 me­tres (16.70 m in­ter­preted true width) and 17SMRC03 in­ter­cepted 1.91 g/t Au over 30.48 me­tres (15.20 m in­ter­preted true width).

Mar­lin plans to im­me­di­ately fol­low up on these pos­i­tive drill re­sults by ad­di­tional drilling along the strike and depth pro­jec­tion of the min­er­al­ized struc­ture, and by geo­phys­i­cal sur­veys de­signed to trace the struc­tures in cov­ered ar­eas.

(See MLN Ta­ble 1 on page 13)

Ak­iba Leis­man, ex­ec­u­tive chair­man and in­terim chief ex­ec­u­tive of­fi­cer, stated: “When Mar­lin ac­quired Com­mon­wealth in 2015, our view was that the prop­erty had the po­ten­tial to be a min­ing district. To­day’s pos­i­tive drill re­sults from Six Mile Hill bring us one step closer to prov­ing out the district po­ten­tial at Com­mon­wealth. Not only was min­er­al­iza­tion in­ter­sected over two kilo­me­tres away from Pearce Hill, where a his­toric NI 43-101 re­source ex­ists, but the grades at Six Mile Hill are sig­nif­i­cantly higher. We will be im­me­di­ately fol­low­ing up on these drill re­sults to see how far we can ex­tend the strike length and the downdip pro­jec­tion of this tar­get.”

We seek Safe Har­bor.

Erika Flores con­densed this news re­lease (erikaf@stock­watch.com).

Ak­iba Leis­man, Mike Lid­dell, Jesse Munoz, John Pon­tius

(MLN) Shares: 171,813,719

Newspapers in English

Newspapers from Canada

© PressReader. All rights reserved.