|By Marketwired .||
|December 23, 2013 12:08 PM EST||
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 12/23/13 -- Marlin Gold Mining Ltd. (TSX VENTURE: MLN) ("Marlin") has completed construction of the mine infrastructure, laboratory, and other support mine buildings at its La Trinidad Mine in Sinaloa, Mexico. In addition, mechanical completion of the crushing plant and conveyor stacking system, ADR, carbon processing and refinery are materially complete. Electrical installation is in process.
The leach pad construction is complete and placing of the first layer of protective material (over liner) has commenced. Construction of the solution ponds is at an advanced stage.
A mobile crushing and screening plant was installed to reprocess the "old" leach pad material that will be the first material leached in December.
John Brownlie, CEO, commented that, "Even with delays caused by Hurricane Manuel during construction, the project will be completed on time and within the $25 million budget. Starting in a couple of weeks, we will reprocess over one million tonnes of old heap leach material in conjunction with the mining of fresh ore from the mine at which time we will begin irrigating the pads with cyanide solution followed shortly thereafter by gold dore production."
"We recruited a top notch team of mining professionals to operate the La Trinidad Mine that have worked together in similar types of mining operations in Mexico. I am proud of our team's accomplishments, and we are looking forward to producing gold early in 2014," Brownlie added.
Marlin will continue advanced exploration on its considerable property holdings in Mexico and has identified a number of "drill-ready" targets. Marlin also continues to look outside of its own properties to grow and add value through acquisitions or other transactions.
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, remains 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. Assuming acceptance of the Offer and upon achieving production from the Taunus gold deposit Marlin's focus would be to develop the Santa Gertrudis Project.
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.
Cautionary statement regarding forward-looking information
This news release contains 'forward-looking statements within the meaning of applicable securities laws. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by words such as the following: expects, plans, anticipates, believes, intends, estimates, projects, assumes, potential and similar expressions. Forward-looking statements also include reference to events or conditions that will, would, may, could or should occur, including in relation to statements regarding the timing of reprocess of material and production from La Trinidad. These forward-looking statements are necessarily based upon a number of estimates and assumptions that, while based on management's expectations and considered reasonable at the time they are made, are inherently subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements, including, without limitation: uncertainties related to raising sufficient financing to fund the planned work in a timely manner and on acceptable terms; changes in planned work resulting from logistical, technical or other factors; the possibility that results of work will not fulfill projections/expectations and realize the perceived potential of the Company's projects; uncertainties involved in the interpretation of drilling results and other tests and the estimation of gold resources; risk of accidents, equipment breakdowns and labour disputes or other unanticipated difficulties or interruptions; the possibility of environmental issues at the Company's projects; the possibility of cost overruns or unanticipated expenses in work programs; the need to obtain permits and comply with environmental laws and regulations and other government requirements; fluctuations in the price of gold and other risks and uncertainties, including those described in the Company's current Annual Information Form filed on SEDAR at www.sedar.com. As a result, readers are cautioned not to place undue reliance on these forward looking statements. The forward-looking statements contained in this news release are made as of the date of this release. Unless required by law, Marlin has no intention to and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.