Metalline Mining Company Announces Silver Polymetallic Zone Drilling Results
14 July 2008 - 11:56PM
PR Newswire (US)
COEUR D'ALENE, Idaho, July 14 /PRNewswire-FirstCall/ -- Metalline
Mining Company (AMEX:MMG) announces additional drilling results
from the Sierra Mojada project, Coahuila, Mexico. Hole D1080318
intersected 6 meters of mineralization between 144 and 150 meters
(m) with an average grade of 350.3 grams silver per tonne, 2.50%
copper, 18.20% zinc, which includes 2 m of 34.23% zinc, and 0.5%
lead. This hole is an offset confirmation hole to hole D1071124,
announced in a press release on March 12, 2008, which averaged 440
gm/tonne silver, 0.17% copper, 11.8% Zn, and 3.0% lead over an
intersect of similar length. We intend to continue exploration on
this zone with drilling from the surface. Hole D7080327, drilled in
the silver-copper zone of the La Nortena polymetallic mineralized
zone, intersected 5 meters between 41 and 46 m that averaged 1,070
grams silver per tonne and 1.39% copper. This intersect includes 1
m from 42-43 m that assayed 4,420 g silver and 5.2% copper. There
is no significant zinc or lead in these samples. Drilling on this
zone continues using three drills operating from underground drill
bases. The Company took delivery of a Sandvik DF-140 core drill in
late June and immediately placed it into operation. This is a
larger drill and will be used for drill holes from the surface. All
of the analytical results reported above were provided by the ALS
Chemex laboratory in Vancouver, Canada. Details of the analytical
results will be posted on the Metalline web site. 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/
Copyright
Metalline Mining Company Common Stock (AMEX:MMG)
Historical Stock Chart
From Sep 2024 to Oct 2024
Metalline Mining Company Common Stock (AMEX:MMG)
Historical Stock Chart
From Oct 2023 to Oct 2024