Metalline Announces Operations Update
January 30 2008 - 8:00AM
PR Newswire (US)
COEUR D'ALENE, Idaho, Jan. 30 /PRNewswire-FirstCall/ -- Metalline
Mining Company (AMEX:MMG) announces the purchase, delivery and
activation of two additional diamond drills, the completion and
activation of the analytical laboratory and water well CT2 at the
Sierra Mojada Project, Coahuila, Mexico. Since completion of the
geotechnical drilling in the oxide zinc resource, our Hagby and
Termite drills have been drilling in the Encantada and Fronteriza
mines exploring the copper, silver mineralization north of the
Sierra Mojada fault. We have now commissioned a second Hagby drill
and a second Termite drill. The second Hagby is drilling from the
surface exploring for oxide zinc mineralization south of the Iron
Oxide and Smithsonite Mantos. The second Termite is drilling in the
La Nortena area of the Encantada mine. Commissioning of these two
new drills has included training the necessary additional local
workers as drillers and driller helpers. There are now four drills
operating, two eight hour shifts per drill. A major upgrade of our
sample preparation laboratory was completed during the summer of
2007 to provide better sample preparation for silver-bearing
samples. Our on-site chemistry laboratory capable of giving us
assays to screen our samples and provide timely feedback to
operations is now in operation. The lab consists of a Varian model
240-FS atomic adsorption spectrophotometer (AA unit), fume hood and
sample digestion facilities in the laboratory. The technicians have
been trained on the AA unit and are perfecting laboratory
procedures using our standard sample suite. We now control
operations from drilling through assay, with improved productivity
and reliability. Drilling continues with two objectives. The
primary objective is to resolve issues raised by our engineers and
consultants in completion of the feasibility study on the oxide
zinc mineralization. This includes providing "piercing points" that
better define the top of the mineralized zone, increasing
confidence in some areas where more data points are required, and
refining knowledge of the geology and mineralization continuity
adjacent to major faults. The second objective is to provide
additional data on silver mineralization and the polymetallic
mineral system north of the Sierra Mojada fault, so that a resource
model can be constructed for the silver rich polymetallic
mineralization. One of our water exploration holes, CT2, located
approximately 5 kilometers east of Esmeralda was developed to
supply our internal water demands. A pump was installed and a four
inch water line laid from the well to the road where a 63,000 liter
storage tank was constructed on an elevated platform. This well
will reduce our drilling water cost and eliminate our demands on
the constrained water supply of the towns of La Esmeralda and
Sierra Mojada. About the Company 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 (http://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. DATASOURCE: Metalline
Mining Company CONTACT: Merlin Bingham of Metalline Mining Company,
+1-208-665-2002, fax, +1-208-665-0041, Web site:
http://www.metalin.com/
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