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File: 2015-10-13_NR_Corporate Update.pdf

 
 
 
                                2501199 WEST HASTINGS ST. 
                                VANCOUVER, B.C. V6E 3T5 CANADA 
                                T. 6046461580   F. 6046422411 
                                WWW.MARLINGOLD.COM 
                                                                                                                      
--->    TSX.V: MLN

 
Marlin Gold Provides Corporate Update 
                                                                
    NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE O
--->R IN 
                                             PART, IN OR INTO THE UNITED STATES 
 
October 13, 2015   Vancouver, British Columbia   Marlin Gold Mining Ltd. (TSXV: MLN) ("Marlin" or the 
"Company")  is  pleased  to  announce  that  it  has  fully  dewatered  the  Taunus  pit  at  the  La  Trinidad 
property in Sinaloa, Mexico.   Damage to equipment was limited to a pump, a generator power source to 
the  pump  and  associated  electrical  equipment.      Marlin  will  need  to  rebuild  certain  damaged  water 
diversion  channels  in  preparation  for  next  year's  rainy  season.   All  costs  associated  with  the  equipment
---> 
losses,  property  remediation  and  business  interruption  are  expected  to  be  covered  by  our  insurance 
claim. 
 
Definitive Agreement to Sell the El Compas GoldSilver Mining Project Signed 
 
A  definitive  agreement  with  Canarc  Resource  Corp.  ("Canarc")  was  signed  on  October  8,  2015  whereby 
Canarc  will  acquire  100%  of  the  shares  in  Marlin's  wholly  owned  subsidiary  company,  Oro  Silver 
Resources  Ltd.,  which  owns  the  fully  permitted  El  Compas  GoldSilver  Mining  Project  in  Zacatecas, 
Mexico.  Closing of the transaction is estimated on or before November 30, 2015.  
 
About Marlin Gold 
 
Marlin  is  a  TSXV  publiclylisted  company  with  properties  located  in  Sinaloa  and  Zacatecas,  Mexico  and 
Arizona, U.S.A.  Marlin's priority is to advance its properties toward commercial production and enhance 
shareholder  value  through  financial  optimization,  namely  through  the  growth  of  its  whollyowned 
subsidiary,  Sailfish  Royalty  Corp.  The  La  Trinidad  property,  which  hosts  the  Taunus  gold  deposit, 
declared  commercial  production  on  November  1,  2014.    An  NI  43101  mineral  resource  estimate  and 
preliminary  economic  assessment  for  the  Taunus  gold  deposit  can  be  found  at  www.sedar.com  or  at 
www.marlingold.com.  
 
For further information contact: 
Akiba Leisman, Executive Chairman 
Marlin Gold Mining Ltd. 
Telephone: 2038627059 
Email: aleisman@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.  
 




 
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Cautionary statement regarding forwardlooking information  

This news release contains 'forwardlooking statements' within the meaning of applicable securities laws. Forward
looking  statements  are  statements  that  are  not  historical  facts  and  are  generally,  but  not  always,  iden
--->tified  by 
words  such  as  the  following:  expects,  plans,  anticipates,  believes,  intends,  estimates,  projects,  assumes,
--->  potential 
and similar expressions. Forwardlooking statements also include reference to events or conditions that will, would, 
may,  could  or  should  occur,  including  in  relation  to  statements  regarding  the  expected  results  and  timi
--->ng  for  the 
development  and  exploitation  of  any  mineral  resources.  These  forwardlooking  statements  are  necessarily  bas
--->ed 
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 forwardlooking statements, including, 
without  limitation:  dewatering  of  the  pit  and  insurance  coverage  thereof,  uncertainties  related  to  raisin
--->g  sufficient 
financing  to  fund  planned  work  in  a  timely  manner  and  on  acceptable  terms;  changes  in  planned  work  re
--->sulting 
from  logistical,  technical or  other  factors;  the  possibility  that  results of  work  will  not  fulfill  projec
--->tions/expectations 
and realize the perceived potential of the Company's projects; uncertainties involved in the interpretation of drillin
--->g 
results  and  other  tests  and  the  estimation  of  gold  resources;  risk  of  accidents,  equipment  breakdowns  a
--->nd  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  obta
--->in  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  public  disclosure 
---> documents 
on  SEDAR  at  www.sedar.com.  As  a  result,  readers  are  cautioned  not  to  place  undue  reliance  on  these  fo
--->rward
looking  statements.  The  forwardlooking  statements  contained  in  this  news  release  are  made  as  of  the  dat
--->e  of  this 
release.  Unless  required  by  law,  Marlin  has  no  intention  to  and  assumes  no  obligation  to  update  or  re
--->vise  any 
forwardlooking statements, whether as a result of new information, future events or otherwise.