GREENWOOD VILLAGE, Colo.,
Jan. 6, 2011 /PRNewswire/ --
Metalline Mining Company (AMEX: MMG, TSX: MMZ) announces the final
drill results from the drilling of the shallow silver-zinc resource
area ("Area A") at the Sierra Mojada Project located in
Coahuila, Mexico. Results reported
below are at a 30 gpt Ag or 1% Zn external cut-off.
Metalline reports a total of 41 drill holes, most of them from
the 2010 drilling program within the Area A silver (+zinc+lead)
resource, that average 22 meters thick above a 30 gpt Ag cut-off,
averaging 58 gpt Ag, 1.09% Zn, and 0.33% Pb. All of the holes
are vertical and the intercepts represent the true thickness of the
resource.
These holes are located primarily on the edges of the shallow
silver-zinc-lead deposit where the deposit thins and the zinc+lead
contents increase relative to silver. They are thinner and
slightly lower in silver content than the average drill hole
intercept to date.
|
|
December 2010 Summary Drill Hole
Data
|
|
|
Section
|
No. Holes
|
Ave.
Intercept
(meters)
|
Ag
opt
|
Zn
%
|
Pb
%
|
|
629600E
|
2
|
36
|
20
|
2.47
|
1.36
|
|
629700E
|
3
|
22
|
37
|
1.84
|
0.41
|
|
629900E
|
5
|
52
|
56
|
1.24
|
0.30
|
|
630200E
|
2
|
26
|
49
|
0.69
|
0.16
|
|
630300E
|
3
|
21
|
66
|
0.70
|
0.14
|
|
630400E
|
5
|
18
|
58
|
1.16
|
0.29
|
|
630500E
|
1
|
19
|
64
|
0.33
|
0.46
|
|
630600E
|
3
|
15
|
69
|
0.98
|
0.22
|
|
630700E
|
4
|
24
|
80
|
0.46
|
0.11
|
|
630800E
|
5
|
9
|
78
|
0.32
|
0.07
|
|
630900E
|
1
|
5
|
49
|
0.17
|
0.06
|
|
631000E
|
5
|
10
|
70
|
0.54
|
0.09
|
|
631100E
|
2
|
17
|
75
|
1.02
|
0.59
|
|
|
|
|
|
|
|
|
Weighted
|
|
|
|
|
|
|
Average
|
41
|
22
|
58
|
1.09
|
0.34
|
|
|
|
|
|
|
|
|
|
|
The above sections complete the suite of sections on 100-meter
spacing between sections 629600E and 632250E and document
continuation of the Area A silver+zinc+lead deposit for a strike
length of at least 3 kilometers. The deposit remains open
both to the west and to the east. Individual graphic sections have
been posted to the web site at
http://www.metallinemining.com/s/DH_Sections.asp. Detailed drill
results by section are attached below.
Sampling and QA/QC
All of the sampling and sample preparation for assays reported
herein for pre-2010 drill holes have been done on site under
supervision by Metalline personnel and all those samples were
shipped directly to ALS-Chemex for further sample preparation and
assaying with insertion of appropriate standards and blanks. All of
the samples from the 2010 drilling program were shipped directly to
ALS-Chemex for preparation and analyses. A third party review of
the Company's QA/QC program vetted the Company's sample
preparation and sample handling protocols for the previous core
drilling and channel sampling programs.
Greg Hahn, Interim President and
CEO, a Certified Professional Geologist, is the Qualified Person
responsible for reviewing and reporting the contents of this press
release and assuring the results reported herein are in accordance
with NI 43-101.
Manager of Corporate Communications
Metalline is pleased to announce the appointment of Anthony Srdanovic as Manager of Corporate
Communications. Mr. Srdanovic previously held positions at Sierra
Geothermal Power and at Canaccord Capital Inc. His ten years of
experience in the financial sector will help Metalline publicize
its core messages to the investment community. On December 15, 2010 Metalline issued Anthony Srdanovic an option to purchase 250,000
common shares pursuant to the Company's stock option plan. The
options are exercisable at a price of $1.18 per share.
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 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).
|
|
Detailed Drill Hole Assay
Results by Section
|
|
|
|
|
|
|
|
|
|
|
Section 629600E
|
|
|
|
|
|
|
Hole
ID
|
From
|
To
|
Interval
|
Ag
opt
|
Zn
%
|
Pb
%
|
|
B10082
|
4.5
|
20
|
15.5
|
27
|
3.2
|
2.87
|
|
|
46.45
|
52
|
5.55
|
43
|
2.6
|
0.69
|
|
B10088
|
5.9
|
56.75
|
50.85
|
15
|
2.23
|
0.97
|
|
Average of 2 holes
|
|
36
|
20
|
2.47
|
1.36
|
|
|
|
|
|
|
|
|
|
Section 629700E
|
|
|
|
|
|
|
Hole
ID
|
From
|
To
|
Interval
|
Ag
opt
|
Zn
%
|
Pb
%
|
|
B10061
|
49.25
|
54
|
4.75
|
34
|
0.34
|
0.07
|
|
B10064
|
13.05
|
55
|
52.95
|
33
|
1.85
|
0.39
|
|
B10068
|
46
|
53
|
7
|
48
|
1.56
|
0.48
|
|
Average of 3 holes
|
|
22
|
37
|
1.84
|
0.41
|
|
|
|
|
|
|
|
|
|
Section 629900E
|
|
|
|
|
|
|
Hole
ID
|
From
|
To
|
Interval
|
Ag
opt
|
Zn
%
|
Pb
%
|
|
B10062
|
65.45
|
77.5
|
12.65
|
166
|
0.63
|
1.91
|
|
B10076
|
58
|
156.6
|
98.6
|
49
|
1.15
|
0.12
|
|
B10080
|
48.35
|
86.1
|
37.75
|
82
|
1
|
0.35
|
|
B10073
|
2.2
|
77
|
74.8
|
42
|
1.68
|
0.3
|
|
B10079
|
41.8
|
78.95
|
37.15
|
38
|
1.07
|
0.19
|
|
Average of 5 holes
|
|
52
|
56
|
1.24
|
0.30
|
|
|
|
|
|
|
|
|
|
Section 630200E
|
|
|
|
|
|
|
Hole
ID
|
From
|
To
|
Interval
|
Ag
opt
|
Zn
%
|
Pb
%
|
|
B10020
|
55.25
|
74.45
|
19.2
|
76
|
0.41
|
0.09
|
|
B10031
|
51.75
|
84.8
|
33.05
|
33
|
0.85
|
0.2
|
|
Average of 2 holes
|
|
26
|
49
|
0.69
|
0.16
|
|
|
|
|
|
|
|
|
|
Section 630300E
|
|
|
|
|
|
|
Hole
ID
|
From
|
To
|
Interval
|
Ag
opt
|
Zn
%
|
Pb
%
|
|
B10070
|
24
|
48
|
24
|
76
|
0.32
|
0.07
|
|
B10069
|
35.4
|
58.7
|
23.3
|
70
|
0.86
|
0.17
|
|
B10081
|
51
|
67.35
|
16.35
|
44
|
1.03
|
0.21
|
|
Average of 3 holes
|
|
21
|
66
|
0.70
|
0.14
|
|
|
|
|
|
|
|
|
|
Section 630400E
|
|
|
|
|
|
|
Hole
ID
|
From
|
To
|
Interval
|
Ag
opt
|
Zn
%
|
Pb
%
|
|
B10016
|
8.95
|
23
|
14.05
|
54
|
0.62
|
0.21
|
|
|
41.2
|
53.15
|
11.95
|
50
|
0.29
|
0.2
|
|
B10013
|
1.15
|
6.85
|
5.7
|
24
|
4.22
|
0.1
|
|
|
28.85
|
35
|
6.15
|
54
|
0.46
|
0.03
|
|
B10003
|
0
|
16.6
|
16.6
|
45
|
1.26
|
0.52
|
|
B10053
|
48
|
68
|
20
|
79
|
1.61
|
0.36
|
|
B10007
|
63.45
|
80
|
16.55
|
68
|
0.82
|
0.29
|
|
Average of 5 holes
|
|
18
|
58.0
|
1.16
|
0.29
|
|
|
|
|
|
|
|
|
|
Section 630500E
|
|
|
|
|
|
|
Hole
ID
|
From
|
To
|
Interval
|
Ag
opt
|
Zn
%
|
Pb
%
|
|
B10031
|
36
|
55
|
19
|
64
|
0.33
|
0.46
|
|
Average of 1 hole
|
|
19
|
64
|
0.33
|
0.46
|
|
|
|
|
|
|
|
|
|
Section 630600E
|
|
|
|
|
|
|
Hole
ID
|
From
|
To
|
Interval
|
Ag
opt
|
Zn
%
|
Pb
%
|
|
B10001
|
0
|
18
|
18
|
118
|
1.16
|
0.32
|
|
B09013
|
9
|
13.35
|
4.35
|
39
|
0.8
|
0.16
|
|
|
33
|
51
|
18
|
41
|
1.11
|
0.19
|
|
B10006
|
66.1
|
72
|
5.9
|
28
|
0.13
|
0.03
|
|
Average of 3 holes
|
|
15
|
69
|
0.98
|
0.22
|
|
|
|
|
|
|
|
|
|
Section 630700E
|
|
|
|
|
|
|
Hole
ID
|
From
|
To
|
Interval
|
Ag
opt
|
Zn
%
|
Pb
%
|
|
B10075
|
29
|
33
|
4
|
53
|
0.15
|
0.04
|
|
B10074
|
20
|
38
|
18
|
99
|
0.72
|
0.15
|
|
B10072
|
16.85
|
75
|
58.15
|
74
|
0.46
|
0.08
|
|
B10071
|
48.7
|
63.7
|
15
|
85
|
0.22
|
0.19
|
|
Average of 4 holes
|
|
24
|
80
|
0.46
|
0.11
|
|
|
|
|
|
|
|
|
|
Section 630800E
|
|
|
|
|
|
|
Hole
ID
|
From
|
To
|
Interval
|
Ag
opt
|
Zn
%
|
Pb
%
|
|
B09012
|
10.6
|
25
|
14.4
|
39
|
0.18
|
0.03
|
|
B09010
|
29
|
37
|
8
|
37
|
0.13
|
0.02
|
|
B09009
|
38
|
42
|
4
|
95
|
1.27
|
0.27
|
|
B09005
|
17
|
22
|
5
|
331
|
0.31
|
0.11
|
|
B09002
|
77.5
|
91
|
13.5
|
45
|
0.3
|
0.08
|
|
Average of 5 holes
|
|
9
|
78
|
0.32
|
0.07
|
|
|
|
|
|
|
|
|
|
Section 630900E
|
|
|
|
|
|
|
Hole
ID
|
From
|
To
|
Interval
|
Ag
opt
|
Zn
%
|
Pb
%
|
|
B10095
|
40
|
45.05
|
5.05
|
49
|
0.17
|
0.06
|
|
Average of 1 hole
|
|
5
|
49
|
0.17
|
0.06
|
|
|
|
|
|
|
|
|
|
Section 631000E
|
|
|
|
|
|
|
Hole
ID
|
From
|
To
|
Interval
|
Ag
opt
|
Zn
%
|
Pb
%
|
|
B8090226
|
29
|
43
|
14
|
39
|
0.17
|
0.05
|
|
B10092
|
11
|
15.5
|
4.5
|
170
|
2.33
|
0.46
|
|
D8090331
|
24.65
|
28
|
3.35
|
56
|
0.24
|
0.1
|
|
D1090320
|
0
|
4.3
|
4.3
|
55
|
0.18
|
0.04
|
|
|
21
|
38.4
|
17.4
|
58
|
0.63
|
0.05
|
|
D8090703
|
44.85
|
51
|
6.15
|
116
|
0.27
|
0.04
|
|
Average of 5 holes
|
|
10
|
70
|
0.54
|
0.09
|
|
|
|
|
|
|
|
|
|
Section 631100E
|
|
|
|
|
|
|
Hole
ID
|
From
|
To
|
Interval
|
Ag
opt
|
Zn
%
|
Pb
%
|
|
D8090219
|
7.55
|
30
|
22.45
|
75
|
0.36
|
0.04
|
|
D9090317
|
4
|
15
|
11
|
74
|
2.36
|
1.7
|
|
Average of 2 holes
|
|
17
|
75
|
1.02
|
0.59
|
|
|
|
|
|
|
|
|
|
|
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") and constitute "forward looking information" within
the meaning of Canadian securities laws. These statements
include statements about Metalline's planned drilling program and
are based on material factors and assumptions including Metalline's
management's 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 the risk that
Metalline's drill program may not be successful or result in the
discovery of commercially mineable deposits of ore and those risks
identified in- Metalline's Annual Report on Form 10-K for the
fiscal year ended October 31, 2009
under "Risk Factors, " and in subsequent reports filed with the
Securities and Exchange Commission. 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.
SOURCE Metalline Mining Company