VANCOUVER, Oct. 26, 2018 /CNW/ - Marlin Gold Mining Ltd.
(TSX-V: MLN) ("Marlin" or the "Company") is providing an update on Hurricane Willa, which made landfall on Mexico's Pacific coast as a Category 3 on Tuesday evening and crossed over the Company's wholly owned
La Trinidad gold mine in Sinaloa, Mexico (the "La Trinidad
Mine") early Wednesday morning.
The Company is pleased to report that no injuries were sustained by any of Marlin's employees or contractors and that the
clinic at the La Trinidad Mine has been made available to members of the local community impacted by the storm. To date, we
have not had to care for any serious injuries from members of the community.
The heap leach pad, crusher and process plant do not appear to have sustained any significant damage, although the Company is
still evaluating their operating condition. Pumps were active and working throughout the storm, and no environmental
discharge occurred.
As a result of heavy rainfall from Hurricane Willa, a significant amount of water has accumulated inside the Taunus pit, which
will need to be pumped. While the Taunus pit is being dewatered, and until steady deliveries of consumables can be made,
the Company intends to process the surface stockpile located next to the crusher.
The local municipality has begun to clear the roads to the La Trinidad Mine, but until normal road access is restored,
deliveries of consumables will be limited. There is presently no estimate on how long it will take to restore normal road
access.
Importantly, Marlin is appropriately insured for property damage, pit dewatering, debris removal and income loss due to
business interruption at the La Trinidad Mine.
About Marlin Gold
Marlin is a growth-oriented gold and silver mining company focused on the Americas. The company owns three properties located
in Mexico and the USA and a portfolio of royalties. Marlin's
priority is to profitably operate its La Trinidad Mine, conduct further exploration on its other projects and enhance shareholder
value through a strategic relationship with Sailfish Royalty Corp. (TSX-V:FISH). Marlin is backed by a well-funded investor with
a successful track record in the resources sector. The La Trinidad Mine in Sinaloa, Mexico
declared commercial production on November 1, 2014 and is one of the highest grade open pit heap
leach gold mines in Mexico.
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, without limitation statements relating to: the anticipated access to mineralized material, including any potential
mining thereof; the timing and scope of certain drilling programs; the receipt of assay results; statements regarding the
perceived merit of properties, exploration programs and budgets; anticipated capital expenditures; mineral resource estimates;
timelines; strategic plans; and other statements that are not statements of fact. These forward-looking statements are
necessarily based upon a number of estimates and assumptions that are based on management's expectations and considered
reasonable at the time they are made, including among others: that work proceeds in accordance with the timing and scope
anticipated by management and that anticipated market prices for precious and base metals are achieved. Investors are cautioned
that all forward-looking statements 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 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 annual management's discussion and analysis 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.
SOURCE Marlin Gold Mining Ltd.
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