Oro Mining Receives the Environmental Permit (MIA) on the La Trinidad Project and Changes its Name to Marlin Gold Mining Ltd.
Mundo Minero con información de Oro Mining || 20 de noviembre del 2012
Oro Mining Ltd. 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., 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."