Marengo Mining Limited
TSX : MRN
POMSoX : MMC

Marengo Mining Limited

June 19, 2015 17:05 ET

Marengo Announces Filing of Technical Report for Its Yandera Project

TORONTO, ONTARIO--(Marketwired - June 19, 2015) - Marengo Mining Limited (TSX:MRN)(POMSoX:MMC) ("Marengo" or the "Company") is pleased to announce that, further to the Company's press release dated May 5, 2015, it has filed on SEDAR a technical report titled "NI 43-101 Technical Report, Updated Resource Estimate, Yandera Copper Project, Papua New Guinea", in respect of the Company's Yandera Project in Papua New Guinea (the "Technical Report"). The Technical Report was authored by SRK Consulting (US) Inc., and has an effective date of May 1, 2015. The Technical Report can be viewed under the Company's issuer profile on SEDAR at www.sedar.com.

Additional information relating to the Yandera Project can be found in the Company's publicly-filed documents under the Company's issuer profile on SEDAR at www.sedar.com.

Cautionary Statement Regarding Forward-Looking Information

This news release contains forward looking information. Such forward-looking information is often, but not always, identified by the use of words such as "seek", "anticipate", "believe", "plan", "estimate", "expect" and "intend" and statements that an event or result "may", "will", "should", "could", or "might" occur or to be achieved and any other similar expressions. In providing the forward-looking information in this news release, the Company has made numerous assumptions regarding: (i) the accuracy of exploration results received to date; (ii) anticipated costs and expenses; (iii) that the results of the feasibility study continue to be positive; (iv) the availability of capital; and (v) that future exploration results are as anticipated. Management believes that these assumptions are reasonable. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from those contained in the forward-looking information, including a actual results of exploration. Some of these risks, uncertainties and other factors are described under the heading "Risks Factors" in the Company's annual information form available on the SEDAR website. Forward-looking information is based on estimates and opinions of management at the date the statements are made. Except as required by law, Marengo does not undertake any obligation to update forward-looking information even if circumstances or management's estimates or opinions should change. Readers should not place undue reliance on forward-looking information.

Factors that could cause actual results to vary materially from results anticipated by such forward-looking statements include the actual results of exploration activities, changes in market conditions, risks relating to international operations, fluctuating metal prices and currency exchange rates, sources of capital having an interest in financing the Company and other risks of the mining industry. Although Marengo has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Marengo undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements. Statements concerning mineral reserve and resource estimates may also be deemed to constitute forward-looking statements to the extent they involve estimates of the mineralization that will be encountered if the property is developed. Reference is made to the most recent annual information form of Marengo filed with Canadian securities regulators which includes further discussion of the risk factors which may impact the business and operations of Marengo.

ABN: 57 099 496 474

Contact Information

  • Marengo Mining Limited
    Pieter Britz
    Chief Executive Officer
    +61 2 8243 2905
    pb@marengomining.com

    Marengo Mining Limited
    Alex Dann
    Chief Financial Officer & Corp Secretary
    +1 416 464 4067
    ad@marengomining.com