Metalline Mining Company Announces Silver and Zinc Oxide Block Models Indicates World Class Potential at Sierra Mojada
May 14 2009 - 2:07PM
PR Newswire (US)
COEUR D'ALENE, Idaho, May 14 /PRNewswire-FirstCall/ -- Metalline
Mining Company (NYSE Amex: MMG) announced that the most recent
block model for its project at Sierra Mojada, Mexico indicates the
potential for a zinc oxide deposit of World Class size. Block model
results for the lower Southside Zinc Oxide zone at Sierra Mojada
estimate that the zone contains more than 24,270,000 cubic meters
of material averaging 4.7% zinc and 12.7 grams silver per tonne
above a 1% zinc cutoff. The block modeling process was described in
our release dated April 1, 2009. The Northside Silver plus zinc
deposit that was the subject of that press release is separate from
and in addition to the Southside Zinc Oxide plus silver deposit
reported here. "The combined results of the Northside Silver and
Southside Zinc Oxide block models shows that Sierra Mojada is
developing into a World Class deposit," said Merlin Bingham,
President of Metalline. "The total zinc metal content of the rocks
at Sierra Mojada appears to be significantly greater than the
announced reserve at the Skorpion mine in Namibia." All of the zinc
oxide material has very high porosity. Bulk density measurements
have been made on many hundreds of core and rock samples to
estimate the in-place density. The average of these measurements is
2.54 metric tons per cubic meter. The current results are based
upon 3D block modeling of the results from 577 diamond drill holes,
2886 percussion drill holes, and 8726 channel samples, for a total
of about 108,000 samples. The calculations for zinc are based
almost exclusively on analytical results from the ALS-Chemex
laboratory in Vancouver, B.C. Additional drilling is required in
the deposit area to provide acceptable certainty for economic and
engineering studies. Because we have not yet completed drilling in
the area, the results of all block models are preliminary and are
expected to change as more data is available. 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-K for the fiscal year ended October 31, 2008 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.metallinemining.com/
http://www.metalin.com/
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