Metalline Mining Company Announces Silver Assays
February 27 2008 - 8:00AM
PR Newswire (US)
COEUR D'ALENE, Idaho, Feb. 27 /PRNewswire-FirstCall/ -- Metalline
Mining Company (AMEX:MMG) announces selected drill hole results
representative of the silver rich Polymetallic Manto mineralization
north of the Sierra Mojada fault. Diamond drill hole D1061212, in
the Plaza Rica area of the San Salvador mine, assayed an average of
129 grams silver per tonne and 3.8% zinc over an interval of 54
meters from 15 to 69 meters depth in the hole. Additional drill
results from this area, the Plaza Rica, were announced in press
releases dated May 11 and 24, 2006 and from drilling west of the
San Salvador shaft in a release dated November 21, 2007. Diamond
drill hole D1070908, in the Encantada mine, assayed 87 grams of
silver per tonne and 6.4% zinc from 138-162 meters in the hole, an
interval of 24 meters. Drill hole D1070809, in the same part of the
mine, intersected 10 meters of mineralization averaging 250 grams
silver per tonne and 0.14% copper, with economically insignificant
zinc and lead, from 171 to 181 meters. This hole also encountered
four other widely spaced mineralized zones. All of the analytical
results reported above were provided by the ALS Chemex laboratory
in Vancouver, Canada. The Company moved one of its smaller Termite
diamond drills into a drill base in the La Nortena area of the
Encantada mine on January 7th. The samples from the first of these
holes have just been received in the processing stream at the ALS
Chemex laboratory. We expect these samples to be very encouraging.
A three dimensional evaluation of the silver, copper, zinc and lead
drill hole and channel sample data collected to date in the
Polymetallic Manto located in the San Salvador, Encantada and
Fronteriza mines is in progress. These data are collected over a
distance of 1500 meters that is parallel to and north of the Iron
Oxide and Smithsonite Manto oxide zinc mineralization, south of the
Sierra Mojada fault. We are working towards obtaining a bankable
feasibility study on the oxide zinc mineralization. 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: Metalline Mining Company, +1-208-665-2002,
or fax, +1-208-665-0041, Web site: http://www.metalin.com/
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