VANCOUVER, British Columbia,
March 7, 2011 /PRNewswire/ --
Metalline Mining Company (TSX: MMZ, AMEX: MMG) ("Metalline") is
pleased to announce that drilling and airborne geophysics have
commenced at our Sierra Mojada
project in Coahuila, Mexico.
Metalline has contracted Major Drilling Group International Inc.
to drill 20,000 meters for our 2011 drill program, of which 10,000
meters will be diamond drill holes and 10,000 meters of reverse
circulation drilling. Drilling commenced March 1, 2011 and is expected to finish in Q4
2011. The drilling is targeting the Northern and Eastern extensions
of the 'Area A' shallow silver resource defined during 2010. All
samples from this drill program will be sent to ALS Laboratories in
Vancouver for analysis.
Metalline has contracted Geotech Ltd. to fly a 1,550 line km
ZTEM airborne geophysics survey on targeting the western half of
the 15,660 hectares (38,696 acres) of the Sierra Mojada license. The survey is expected
to commence this week, and the program will take 10 to 14 days to
complete. Results for the program are expected out in May 2011.
About Metalline Mining Company
Metalline Mining Company is focused on the acquisition,
exploration and development of mineral properties. Metalline
currently owns mineral concessions in the municipality of
Sierra Mojada, Coahuila, Mexico
and holds exploration licenses in Gabon, Africa. Metalline 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.metallinemining.com.
On behalf of the Board of Directors,
Tim Barry, MAusIMM
Chief Executive Officer, President and Director
Investor Relations Contact
Information:
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Anthony Srdanovic,
B.Comm
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Manager Corporate
Communications
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Direct line: (604)
895-7429
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Office line: (604)
687-5800
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info@metallinemining.com
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Metalline Mining
Company
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Suite 2200 – 885 West Georgia
St.
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Vancouver, BC V6C 3E8
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Canada
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CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS
This news release contains forward-looking statements regarding
future events and Metalline's future results that are subject to
the safe harbours 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 potential in its business and
other characterizations of future events or circumstances are
forward-looking statements. Such statements are subject to a number
of assumptions, risks and uncertainties, including such factors as
the volatility and level of commodity prices, currency exchange
rate fluctuations, uncertainties in cash flow, expected acquisition
benefits, exploration mining and operating risks, competition,
litigation, environmental matters, the potential impact of
government regulations, and other matters discussed under the
caption "Risk Factors" in our Annual Report on Form 10-K for the
fiscal year ended October 31, 2010
and subsequent periodic reports, many of which are beyond our
control. Readers are cautioned that forward-looking statements are
not guarantees of future performance and that actual results or
developments may differ materially from those expressed or implied
in the forward-looking statements.
SOURCE Metalline Mining Company