Oro Mining Receives the Environmental Permit (MIA) on the La Trinidad Project and Changes its Name to Marlin Gold Mining Ltd.
November 20 2012 - 8:30AM
Marketwired
Oro Mining Ltd. ("Oro Mining" or the "Company") announced today
that it has received Mexican federal government approval of its
Environmental Impact Statement (MIA), and has commenced
pre-construction activities on its 100% owned La Trinidad project.
Construction is planned to have a duration of ten months with gold
production shortly thereafter. Also, the Board of Directors have
approved a name change of the Company from Oro Mining Ltd. to
Marlin Gold Mining Ltd. (TSX VENTURE:MLN) ("Marlin Gold"), marking
a new era for the Company. Effective immediately, the outstanding
common shares will trade under the stock symbol "MLN" on the TSX
Venture Exchange. The new CUSIP number for the Company's shares is
571175108. A new website is being designed and when ready will be
available at www.marlingold.com.
"I would like to congratulate the Marlin Gold team for their
significant accomplishment in receiving these permits. The approval
of the MIA allows Marlin Gold to commence construction with the
goal of producing gold during early 2014," said John Brownlie, CEO
of Marlin Gold. "With a current cash balance of approximately $6
million and no debt, and with the continuing support of our
majority shareholder, Marlin Gold has no financial constraints to
develop the La Trinidad project. We look forward to the new era of
Marlin Gold, and on becoming Mexico's next gold producer."
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, continues to be the priority focus of Marlin Gold's
development activities. 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.
FORWARD-LOOKING STATEMENTS
Except for statements of historical fact, this news release
contains certain 'forward-looking information' and 'forward-looking
statements' within the meaning of applicable securities laws
including statements regarding proposed construction at the La
Trinidad Project and statements concerning the anticipated timing
of completing construction and commencing production. Such
forward-looking statements are based on the opinions and estimates
of management at the date the statements are made, and are subject
to known and unknown risks, uncertainties and assumptions that
could cause actual results to vary materially from the anticipated
results or events predicted in these forward-looking statements,
including those risks and uncertainties identified in the Company's
Annual MD&A filed under the Company's SEDAR profile. 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. Except as required by applicable law, the Company
disclaims any intention and assumes no obligation to update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Marlin Gold Mining Ltd. Mimy Fernandez-Maldonado
Corporate Secretary 604-646-1587mimy@marlingold.com