COEUR D'ALENE, Idaho, May 5 /PRNewswire-FirstCall/ -- Metalline Mining Company, Inc. (AMEX:MMG) is pleased to announce acceleration of engineering studies on the zinc concentrator process plant for the Sierra Mojada project, Coahuila, Mexico through the appointment of SNC-Lavalin as the study contractor.
This study is a planned extension of the preliminary study prepared by Green Team International (PTY) LTD (GTI), and is an integral part of the overall bankable feasibility study for mining oxide zinc mineralization. SNC-Lavalin was selected by Metalline on the recommendation of GTI.
Roger Kolvoord, Executive Vice President of Metalline, said, "As we get deeper into the bankable feasibility study, the size of the engineering tasks increases. To make progress fast enough to meet our schedules, we need more engineers on the study. We are fortunate in finding experienced groups, like SNC-Lavalin, with design teams available when we need them." SNC-Lavalin is a large international engineering firm with extensive experience in many mine-related disciplines. The team being assigned to the Sierra Mojada project has just finished completing a pre-feasibility study for a similar project in South America.
The proposal for this work calls for scheduled completion of SNC-Lavalin's tasks by late September 2008. This schedule allows completion of all aspects of the bankable feasibility study as currently planned.
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, Inc.
CONTACT: Metalline Mining Company, +1-208-665-2002, Fax, +1-208-665-0041, Web site: http://www.metalin.com/
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