Metalline Mining Announces Evaluation of Silver Copper Mineralization at Sierra Mojada
April 24 2008 - 2:21PM
PR Newswire (US)
COEUR D'ALENE, Idaho, April 24 /PRNewswire-FirstCall/ -- Metalline
Mining Company (AMEX:MMG) has completed an initial evaluation of
the silver and copper content of the Silver Polymetallic Manto, at
its project located at Sierra Mojada, Coahuila, Mexico. The drill
and sample data evaluated is located in the Encantada and
Fronteriza mines in the eastern part of the Sierra Mojada mining
district. The data evaluated was collected from a 3 dimensional
block of mineralized material with approximate dimensions of 600
meters in an East-West direction; the block varies from 75 to 125
meters in a North-South direction and from 50 to 75 meters in the
vertical direction. This block contains 2,177,365 cubic meters of
mineralized material. A total of 8,766 meters of diamond drill,
percussion drill and channel samples, within this block, were used
to calculate a weighted average grade of 145 grams silver per tonne
and 0.20% copper. Plan and section maps showing location and detail
of these samples will be posted with this release in the News
Release section on Metalline's web site: http://www.metalin.com/.
All analytical work was performed in the laboratory of ALS-Chemex
Inc., Burnaby, B.C., Canada. Customary quality control procedures,
such as blank samples and embedded standards, were used. Aggressive
evaluation of the Silver Polymetallic Manto continues using our 4
diamond drills, 3 percussion drills, channel sampling and geologic
mapping. Metalline has collected reconnaissance samples from rocks
of this zone in old mine working in an area measuring 3,100 meters
in an east-west direction. Within this area we have performed
long-hole and diamond core drilling in an area 1,100 meters
east-west. The results reported here are for a block where the
sample density has become high enough that preliminary estimates of
average grade are possible. The continuing evaluation is intended
to increase sample density within and outward from the core area
reported above. Additional sampling should be expected to change
the size of the mineralized material and the average grades. The
test mining program reported previously, will provide new mine
openings through rocks that may contain silver polymetallic zone
mineralization and should provide new, strategically located drill
bases from which testing for mineralization can proceed. The Silver
Polymetallic Manto contains silver, copper, zinc and lead
mineralization. Some of the beds of the manto contain zinc and lead
of potentially economic grades and may provide co-product credits.
This initial evaluation addresses only the silver and copper
content. A more detailed and complex geostatistical evaluation is
in progress which will address the distribution and grade of all
four metals and add the contribution of the zinc and lead
mineralization to the evaluation. Note: 1 meter = 3.28 feet; tonne
is a metric ton = 2200 pounds; 31.1 grams = 1 Troy Ounce
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,
fax, +1-208-665-0041, Web site: http://www.metalin.com/
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