BUZ INVESTORS Marlin Gold Ships a Quarterly Record -- Marlin Gold Mining Ltd. (TSX-V: MLN) ("Marlin" or the “Company”) is pleased to provide an operating update from its wholly owned La T

Marlin Gold Ships a Quarterly Record of 18,875 Ounces Gold in 1Q17 and Intersects 3.45 g/t Gold Over 7.00 Meters at La Trinidad

Marlin Gold Ships a Quarterly Record of 18,875 Ounces Gold in 1Q17 and Intersects 3.45 g/t Gold Over 7.00 Meters at La Trinidad

 

BUZ INVESTORS Marlin Gold Ships a Quarterly Record -- Marlin Gold Mining Ltd. (TSX-V: MLN) ("Marlin" or the “Company”) is pleased to provide an operating update from its wholly owned La T

BUZ INVESTORS Marlin Gold Ships a Quarterly Record   — Marlin Gold Mining Ltd. (TSX-V: MLN) (“Marlin” or the “Company”)  is pleased to provide an operating update from its wholly owned La Trinidad mine in Sinaloa, Mexico (“La Trinidad”).

Since September 15, 2016, when Marlin began consistently mining the high grade HS Zone, the Company has stacked 79,302 ounces of gold with 19,844 coming in 1Q17 alone.  The tonnes stacked in 1Q17 had an average grade of approximately 1.74 grams per tonne.  In addition, Marlin has an approximately 185,000-tonne stockpile of mineralized material remains with an average grade of approximately 0.80 grams per tonne.  Management expects to process grades similar to the average stockpile grade as we accelerate mining to reach the southern part of the high grade HS Zone by the end of 2Q17. This is an improvement to prior estimates of reaching the southern part of the HS Zone by 3Q17.



OTHER STORIES BUZ TRADERS FOLLOW

Marlin Gold Ships a Quarterly Record  

With the processing of our current stockpile, and accelerated southern HS Zone mine plan, management now expects consistent operating cash flow for at least the next two full years, confirming what was estimated by the 2nd Amended NI 43-101 Technical Report dated February 1, 2013 prepared by SRK Consulting.  A detailed operating update will be provided in conjunction with filing our audited financials in April.

Gold shipments in 1Q17 reached a new quarterly record at 18,875 ounces.  Total costs per ounce shipped will be approximately US$476 for 1Q17 (total costs for March 2017 are preliminary estimates and may be refined when final invoices are received).  As we accelerate mining to reach the southern part of the high grade HS Zone, total costs will average US$3.0-3.25 million monthly until the end of 2Q17 when they should migrate back down to the US$2.25-2.5 million monthly cost estimate.  All-in mining costs, including drilling, loading, blasting, hauling, diesel and explosives are approximately US$1.70 per tonne.

Due to record free cash flow generated from La Trinidad, the Company repaid a further US$2.0 million of principal from its unsecured facility (the “Facility”) to affiliates of Wexford Capital LP, Marlin’s controlling shareholder.  Total outstanding principal of the Facility now stands at US$30.0 million, down from US$37.5 million at year end 2016.

After the US$2.0 million (approximately $2.6 million) principal repayment, Marlin’s cash and refined gold stands at approximately $6.7 million with a payable balance of approximately $4.2 million. This does not include Marlin’s approximately $8.7 million in shares of Golden Reign Resources Ltd, receivable and refundable value added taxes (IVA) of approximately $7.7 million (for the period ending September 30, 2016) or approximately 23,000 ounces of recoverable gold on the leach pad and in stockpile.

The table below highlight key statistics at La Trinidad since the quarter ending September 30, 2016.


(1)    Metric tonnes processed by three-stages of crushing and agglomeration. Adjusted for moisture content.
(2)    Average grams per tonne gold sampled at the crusher.
(3)    Troy ounces of gold stacked onto the leach pad.
(4)    Troy ounces shipped during the month.

A drill contractor has been at site since early December 2016 to follow up on the high grade blast-hole assays from the negative two level bench and below in the north side pit wall and to drill to depth the southern part of the high grade HS Zone.  The table below summarizes the drill results of both targets to date.


*Significant intersection defined as minimum gold assay of 0.3 g/t over minimum 6-meter interval with no more than 2 meters of internal dilution below 0.3 g/t. Drill hole intercepts are believed to be approximately the true thickness of the zone.

Samples were kept in a secured logging and storage facility until such time that they were received on site by representatives of Bureau Veritas Commodities Canada Ltd. (“Bureau Veritas”).  Sample preparation was done in the Durango facilities of Bureau Veritas and pulps were sent to the Bureau Veritas laboratory in Vancouver for analysis.

Dr. Matthew D. Gray. C.P.G., of Resource Geosciences Incorporated, a Qualified Person under the definitions of CSA NI 43-101, implemented and supervised industry standard QA/QC protocols for the La Trinidad drill sampling program including insertion of duplicate and reference standard samples. Dr. Gray has verified the reliability of the drill sampling results reported in this press release.

About Marlin Gold
Marlin is a publicly-traded gold and silver mining company with properties located in Sinaloa, Mexico and Arizona, USA.  Marlin’s priority is to advance its properties toward commercial production and enhance shareholder value through the growth of its wholly owned subsidiary, Sailfish Royalty Corp.  The La Trinidad property in Sinaloa, Mexico, declared commercial production on November 1, 2014.  A NI 43-101 mineral resource estimate and preliminary economic assessment for the La Trinidad mine and Commonwealth project can be found at www.sedar.com or at www.marlingold.com.


Ebates Coupons and Cash Back



Commodities ( Gold ) ( Silver ) ( Lithium )




Alexandria Minerals Intersects Visible Gold-Bearing Veins with up to 30.52 g/t Gold over 2.65 meters at Orenada

Alexandria Minerals Intersects Visible Gold-Bearing Veins with up to 30.52 g/t Gold over 2.65 meters at Orenada

Alexandria Minerals Intersects Visible Gold-Bearing Veins with up to 30.52 g/t Gold over 2.65 meters at Orenada

Alexandria Minerals Intersects Visible Gold-Bearing Veins with up to 30.52 g/t Gold over 2.65 meters at Orenada

Toronto, Ontario, February 1, 2017 – Alexandria Minerals Corporation (TSX-V: AZX; Frankfurt: A9D) (“AZX” or the “Company”) is pleased to report the first results received from its current drill program at Orenada Zone 4 in Val d’Or, Quebec. These results include high grade assays of up to 42.50 g/t Au over 1.50m, part of a wider zone assaying 30.52 g/t Au over 2.65m.

Highlights

  • Hole OAX-17-084, intersected multiple veins with up to 42.50g/t Au over 1.50m, 16.30g/t Au over 1.20m, and 14.90 g/t Au over 1.15m
  • Visible gold was observed in four veins between 150.00m to 190.00m
  • Results confirm multiple high-grade gold-quartz veins and vein sets to the west of recently-drilled Alexandria drill holes
  • Current drilling is still relatively shallow (<300m), expanding the near-surface potential of Zone 4

Eric Owens, President and CEO of Alexandria, states, “This is a great start for our 2017 winter program. We have already shown growth along strike and beneath previously tested flat south-dipping, gold-bearing veins. We expect further positive results as we progress, and anticipate that, as a result, our 12,500m drill program will grow larger.”

Figure 1. Cross Section for DDH OAX-17-084
1

Figure 2. Drill Hole Location Map, Zone 4, superimposed on geology: Current drill holes are in red.
b

The results from this hole expand the strike length of the high grade vein sets that have only recently been targeted by some 50m. In addition, they show evidence of gold occurrences below previously known limits of gold mineralization at Zone 4.

Assays reported here comprise a portion of the upper half of the drill hole: all are located from 0 to 200m depth. Results are pending for all of the hole below 200m, as well as for selected portions of the core above the 200m down hole depth. All drill holes are subjected to a downhole survey to acquire a more complete picture of vein orientation.

Alexandria has embarked on a 12,500m drill program, with focus on Zone 4 and the nearby Triangle Too targets. Currently one drill rig is operating, at Zone 4, testing the extent and grade of recently recognized multiple high-grade, gold-quartz veins within the altered and gold-bearing Cadillac Break shear zone. A second drill rig will arrive in the near future to begin a drill program on the Company’s Triangle Too program, a grass-roots program to test for stacked high grade veins 1-2 km northwest of Zone 4.

Gold veins at Zone 4 are hosted in the Cadillac Break shear zone, a 300 kilometer long fault and geologic belt, along which some 100 million ounces of gold have been mined. Other notable gold deposits also partly or wholly hosted in the Cadillac Break shear zone include the Canadian Malartic gold mine, a 13 million ounce gold deposit located 30 km west of Zone 4, and, further west, the 3 million ounce Hosco and Heva gold deposit of Hecla Mining. At Zone 4, gold occurs in deformed quartz-tourmaline-arsenopyrite-pyrite veins surrounded by gold-bearing altered schists.

Monarques Gold intersects 8.41 g/t Au over 25 metres (83 feet) on Gold Bug (Croinor Gold)

Monarques Gold intersects 8.41 g/t Au over 25 metres (83 feet) on Gold Bug (Croinor Gold)

Monarques Gold intersects 8.41 g/t Au over 25 metres (83 feet) on Gold Bug (Croinor Gold)

The near-surface discovery lies within a shear zone at least 170 metres long

Monarques Gold intersects 8.41 g/t Au over 25 metres (83 feet) on Gold Bug (Croinor Gold)

MONTREAL, Jan. 24, 2017 – MONARQUES GOLD CORPORATION (“Monarques” or the “Corporation”) (TSX-V: MQR) (FRANKFURT: MR7) is pleased to report the results of Hole CR-16-521, which has returned anomalous to economic grades from a shear zone at least 170 metres long vertically on the Croinor Gold property, 70 km east of Val-d’Or, Quebec. The hole was drilled in the Gold Bug area, which lies less than 500 metres from the Croinor Gold deposit.

The largest intersection returned 8.41 g/t Au over 25 metres (see plan view), including 36.1 g/t Au over 3 metres and 39.35 g/t Au over 2 metres. The intersection is shallow, from 29 to 54 metres down the hole. The hole also returned other notable intersections, with 0.47 g/t Au over 28 metres (from 82 to 110 metres), 1.13 g/t Au over 15 metres (from 141 to 156 metres) and 1.81 g/t Au over 3.15 metres (from 165.85 to 169 metres). The reported lengths are core lengths, as the true lengths cannot be estimated. High grades were cut to 70 g/t Au, the same grade used in the Croinor Gold deposit resource estimate. The current 10,000-metre program included drilling on the Gold Bug area to follow up on results obtained in 2016 (see news releases dated January 26 and June 8, 2016). Additional results are pending.

“The results for Hole CR-16-521 combined with those from the 2015 program significantly enhance the potential of the Gold Bug area and of the Croinor Gold project as a whole,” said Jean-Marc Lacoste, President and Chief Executive Officer of Monarques. “These results support our conviction that the Croinor Gold property remains relatively unknown over its vast 150 km2 area and could well contain other ore deposits like the Croinor Gold deposit.”

The technical and scientific content of this press release has been reviewed and approved by Donald Trudel, P.Geo., B.Sc., the Corporation’s Qualified Person under National Instrument 43-101.

Sampling normally consisted of sawing the core into two equal halves along its main axis and shipping one of the halves to the ALS Minerals laboratory in Val-d’Or for assaying. The samples are crushed, pulverized and assayed by fire assay with atomic absorption finish. Results exceeding 3.0 g/t are re-assayed using the gravity method. Samples containing gold grains are assayed using the metallic sieve method at the ALS Minerals laboratory in Val-d’Or. Monarques has established a full QA/QC protocol, including the insertion of standards, blanks and duplicates.

ABOUT MONARQUES GOLD CORPORATION

Monarques Gold is a growing junior gold company focused on becoming the leading explorer and developer of gold properties in the Val-d’Or/Abitibi gold camp in Quebec, Canada. The Corporation currently has approximately 200 km² of gold exploration properties (see map) along the Cadillac Break; plus its main asset, the Croinor Gold mine, which has great potential to become a producing mine. Monarques Gold is well financed and has close to $9 million in credits from Quebec’s Ministry of Energy and Natural Resources.