Metalline Mining Company Announces Silver Polymetallic Zone Drilling Results
Monday July 14, 9:56 am ET
COEUR D'ALENE, Idaho, July 14 /PRNewswire-FirstCall/ -- Metalline Mining Company (Amex: MMG - News) announces additional drilling results from the Sierra Mojada project, Coahuila, Mexico.
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Hole D1080318 intersected 6 meters of mineralization between 144 and 150 meters (m) with an average grade of 350.3 grams silver per tonne, 2.50% copper, 18.20% zinc, which includes 2 m of 34.23% zinc, and 0.5% lead. This hole is an offset confirmation hole to hole D1071124, announced in a press release on March 12, 2008, which averaged 440 gm/tonne silver, 0.17% copper, 11.8% Zn, and 3.0% lead over an intersect of similar length. We intend to continue exploration on this zone with drilling from the surface.
Hole D7080327, drilled in the silver-copper zone of the La Nortena polymetallic mineralized zone, intersected 5 meters between 41 and 46 m that averaged 1,070 grams silver per tonne and 1.39% copper. This intersect includes 1 m from 42-43 m that assayed 4,420 g silver and 5.2% copper. There is no significant zinc or lead in these samples. Drilling on this zone continues using three drills operating from underground drill bases.
The Company took delivery of a Sandvik DF-140 core drill in late June and immediately placed it into operation. This is a larger drill and will be used for drill holes from the surface.
All of the analytical results reported above were provided by the ALS Chemex laboratory in Vancouver, Canada. Details of the analytical results will be posted on the Metalline web site.
Metalline Mining Company is an exploration stage enterprise engaged in the business of mining. The Company currently owns mining concessions in the municipality of Sierra Mojada, Coahuila, Mexico. The Company conducts its operations in Mexico through its wholly owned Mexican subsidiaries, Minera Metalin S.A. de C.V. and Contratistas de Sierra Mojada S.A. de C.V. To obtain more information on Metalline Mining Company, visit the Company's web site (www.metalin.com).
Forward-Looking Statements
This news release contains forward-looking statements regarding future events and Metalline's future results that are subject to the safe harbors created under the Securities Act of 1933 (the "Securities Act") and the Securities Exchange Act of 1934 (the "Exchange Act"). These statements are based on current expectations, estimates, forecasts, and projections about the industry in which Metalline operates and the beliefs and assumptions of Metalline's management. Words such as "expects," "anticipates," "targets," "goals," "projects," "intends," "plans," "believes," "seeks," "estimates," "continues," "may," variations of such words, and similar expressions, are intended to identify such forward-looking statements. In addition, any statements that refer to projections of Metalline's future financial performance, Metalline's anticipated growth and potentials in its business and other characterizations of future events or circumstances are forward-looking statements. Readers are cautioned that these forward-looking statements are only predictions and are subject to risks, uncertainties, and assumptions that are difficult to predict, including those identified elsewhere herein and Metalline's Annual Report on Form 10-KSB for the fiscal year ended October 31, 2007 under "Risk Factors." Therefore, actual results may differ materially and adversely from those expressed in any forward-looking statements. Metalline undertakes no obligation to revise or update any forward-looking statements for any reason.
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Source: Metalline Mining Company