COEUR D'ALENE, Idaho, Nov. 27 /PRNewswire-FirstCall/ -- Metalline Mining Company (AMEX:MMG) has received the following drill results for diamond drill holes drilled to continue evaluating the oxide zinc mineralized area located two kilometers west of the Iron Oxide Manto in the San Salvador, Encantada and Fronteriza mines. As previously announced a feasibility study is in progress on the Iron Oxide Manto mineralization.
Seven diamond drill holes were completed from four drill sites that tested an area approximately 250 meters East-West and 200 meters North-South. Five holes intersected mineralized intervals of economic interest, two holes did not intersect mineralization of economic interest and one hole is still pending assays. A total of 13 holes have been drilled by North Limited, Penoles and Metalline in this area.
Hole D5060622 is offset about 5 meters east of Penoles' SMW4A hole. The mineralization in D50622 occurs at a higher elevation than the mineralization in SMW4A indicating a probable fault offset of mineralization between the two holes. D5060622 confirms mineralization of economic interest, additional drilling is required to determine the distribution and potential of this mineralization.
SMW4A 371.25 TD D05060622
From To Zinc % From To Zinc %
175.15 176.15 26.40 119 120 11.80
176.15 177.20 25.00 120 121 14.75
177.20 178.15 32.51 121 122 2.75
178.15 179.10 34.32 122 123 0.60
179.10 180.50 36.91 123 124 2.39
180.50 182.10 19.45 124 125 1.12
182.10 183.00 39.18 125 126 1.84
183.00 184.10 42.38 126 127 8.23
184.10 185.20 43.13 127 128 5.23
185.20 185.80 27.80 128 129 1.95
184.80 186.40 22.90 129 130 1.31
186.40 187.20 41.47 130 131 0.89
187.20 188.00 44.64 131 132 1.77
188.00 188.80 44.11 132 133 1.32
188.80 189.50 6.13 133 134 2.16
189.50 190.50 42.83 134 135 0.42
190.50 191.50 40.90 135 136 0.55
191.50 192.30 28.80 136 137 1.67
192.30 193.55 40.56 3.38 18m
193.55 194.80 5.95 148 149 11.60
194.80 196.00 3.45 149 150 3.82
196.00 197.50 35.96 150 151 9.14
197.50 199.00 4.30 151 152 24.90
23.85 28.95 152 153 9.90
153 154 5.23
154 155 13.30
155 156 2.44
156 157 1.26
157 158 0.45
158 159 6.68
159 160 37.31
160 161 25.80
161 162 41.52
162 163 NR
163 164 NR
164 165 3.58
11.58 17m NR = No Recovery The west oxide zinc area mineralization is near surface and consequently is amenable to open pit mining. Open pit mining is lower cost than underground methods and allows mining very low grade mineralization. As an example, San Cristobal, located in Bolivia, is currently under construction and projected to be in production in 2007 with announced reserves of 219 million tonnes proven and probable, with grades of 64.7 g Ag/t, 1.6% Zn and 0.6% Pb. Open pit production is targeted at 40,000 tonnes per day.
Drill Hole Summary Table Sierra Mojada West Oxide Zinc
Drill Hole FROM TO LENGTH SILVER SILVER ZINC
meters meters meters g/tonne oz/tonne %
D5060622 119 137 18 9 0.29 3.38
D5060622 148 165 17 12 0.39 11.58
D5060713 30 48 18 33 1.06 13.06
including 40 47 7 69 2.23 30.26
D5060713 70 74 4 27 0.87 3.55
D5060713 143 166 23 12 0.39 2.65
D5060805 7 35 28 37 1.19 3.72
including 24 29 5 13 0.42 11.58
D5060805 100 111 11 19 0.61 2.33
D5060815 6 57 51 99 3.18 2.53
including 33 37 4 439 14.11 13.23
D5060821 36 68 32 57 1.83 3.50 Silver values are generally low, up to 99 g (3.18 ounces), D5060815 intersected 4 meters of 439 g/tonne (14.11 ounces/tonne) with one meter of 1375 g (44.21 ounces) in addition to 13.23% zinc.
Drill Hole Detail Hole From To Ag Cu Zn Pb
D5060622 119 120 8 0.02 11.80 0.09
D5060622 120 121 9 0.01 14.75 0.09
D5060622 121 122 4 0.01 2.75 0.06
D5060622 122 123 7 <0.01 0.60 0.03
D5060622 123 124 7 0.01 2.39 0.07
D5060622 124 125 3 0.01 1.12 0.21
D5060622 125 126 3 0.02 1.84 0.11
D5060622 126 127 8 0.01 8.23 0.05
D5060622 127 128 16 <0.01 5.23 0.03
D5060622 128 129 18 <0.01 1.95 0.04
D5060622 129 130 13 <0.01 1.31 0.03
D5060622 130 131 11 <0.01 0.89 0.02
D5060622 131 132 4 0.02 1.77 0.10
D5060622 132 133 3 0.02 1.32 0.06
D5060622 133 134 13 0.01 2.16 0.05
D5060622 134 135 11 <0.01 0.42 0.03
D5060622 135 136 10 0.01 0.55 0.07
D5060622 136 137 10 0.01 1.67 0.11
Average 9 0.01 3.38 0.07 18 meters
D5060622 148 149 13 0.01 11.60 0.07
D5060622 149 150 30 0.01 3.82 0.04
D5060622 150 151 9 0.12 9.14 0.06
D5060622 151 152 10 0.12 24.90 0.04
D5060622 152 153 7 0.06 9.90 0.08
D5060622 153 154 11 0.11 5.23 0.09
D5060622 154 155 15 0.03 13.30 0.06
D5060622 155 156 27 <0.01 2.44 0.04
D5060622 156 157 23 <0.01 1.26 0.03
D5060622 157 158 11 <0.01 0.45 0.01
D5060622 158 159 13 <0.01 6.68 0.03
D5060622 159 160 6 0.02 37.31 0.06
D5060622 160 161 9 0.05 25.80 0.06
D5060622 161 162 6 0.02 41.52 0.06
D5060622 162 163 No Recovery
D5060622 163 164 No Recovery
D5060622 164 165 14 <0.01 3.58 0.03
Average 12 0.03 11.58 0.04 17 meters
D5060713 30 31 13 0.02 0.58 3.18
D5060713 31 32 3 0.05 0.82 1.62
D5060713 32 33 3 0.06 0.65 1.13
D5060713 33 34 1 0.06 0.64 1.09
D5060713 34 35 2 0.02 1.05 1.38
D5060713 35 36 6 0.03 1.21 3.24
D5060713 36 37 18 0.05 3.60 1.31
D5060713 37 38 19 0.13 4.68 2.32
D5060713 38 39 16 0.05 1.84 1.31
D5060713 39 40 2 0.04 1.31 1.42
D5060713 40 41 28 0.04 18.50 1.12
D5060713 41 42 49 0.05 19.40 1.16
D5060713 42 43 51 0.08 35.41 0.84
D5060713 43 44 185 0.07 38.34 0.76
D5060713 44 45 64 0.04 36.68 0.69
D5060713 45 46 70 0.03 36.69 0.66
D5060713 46 47 39 0.05 26.80 0.70
D5060713 47 48 31 0.02 6.86 0.46
Average 33 0.05 13.06 1.36 18 meters
D5060713 70 71 21 <0.01 1.20 0.12
D5060713 71 72 19 <0.01 3.36 0.07
D5060713 72 73 28 0.01 7.83 0.13
D5060713 73 74 41 <0.01 1.80 0.05
Average 27 0.00 3.55 0.09 4 meters
D5060713 143 144 7 <0.01 2.92 0.04
D5060713 144 145 12 <0.01 0.29 0.02
D5060713 145 146 11 <0.01 0.15 0.02
D5060713 146 147 7 <0.01 0.13 0.02
D5060713 147 148
D5060713 148 149 22 <0.01 0.38 0.03
D5060713 149 150 19 <0.01 0.66 0.01
D5060713 150 151 17 0.01 17.75 0.02
D5060713 151 152 9 <0.01 2.24 0.04
D5060713 152 153 12 <0.01 0.71 0.03
D5060713 153 154 13 <0.01 0.17 0.02
D5060713 154 155 10 <0.01 0.11 0.02
D5060713 155 156 9 <0.01 0.08 0.01
D5060713 156 157 14 0.01 1.22 0.01
D5060713 157 158 21 <0.01 0.54 0.02
D5060713 158 159 23 0.12 10.25 0.58
D5060713 159 160 2 0.09 6.84 0.09
D5060713 160 161 11 0.04 5.46 0.05
D5060713 161 162 15 0.01 1.26 0.04
D5060713 162 163 12 <0.01 2.49 0.05
D5060713 163 164 12 <0.01 3.65 0.04
D5060713 164 165 9 <0.01 2.29 0.04
D5060713 165 166 9 <0.01 1.44 0.03
Average 12 0.01 2.65 0.05 23 meters
D5060805 7 8 9 <0.01 2.90 0.63
D5060805 8 9 37 <0.01 2.73 1.78
D5060805 9 10 40 <0.01 5.44 1.86
D5060805 10 11 24 <0.01 2.12 0.74
D5060805 11 12 18 <0.01 2.09 0.31
D5060805 12 13 28 <0.01 1.47 0.26
D5060805 13 14 29 <0.01 0.40 0.23
D5060805 14 15 57 <0.01 0.66 0.18
D5060805 15 16 51 <0.01 1.26 0.33
D5060805 16 17 51 0.01 2.41 0.61
D5060805 17 18 52 0.01 2.31 0.83
D5060805 18 19 32 <0.01 2.54 0.68
D5060805 19 20 26 <0.01 1.40 0.45
D5060805 20 21 63 <0.01 1.65 0.50
D5060805 21 22 230 <0.01 3.07 0.69
D5060805 22 23 80 <0.01 2.22 0.45
D5060805 23 24 34 <0.01 0.36 0.16
D5060805 24 25 16 0.04 9.40 0.45
D5060805 25 26 11 0.10 12.10 0.78
D5060805 26 27 16 0.09 10.40 0.55
D5060805 27 28 7 0.12 17.55 0.76
D5060805 28 29 16 0.05 8.45 0.51
D5060805 29 30 19 0.02 2.86 0.24
D5060805 30 31 19 0.01 1.46 0.11
D5060805 31 32 12 0.01 2.31 0.07
D5060805 32 33 12 <0.01 0.90 0.04
D5060805 33 34 22 0.01 1.80 0.10
D5060805 34 35 12 0.01 1.89 0.09
Average 37 0.02 3.72 0.51 28 meters
D5060805 100 101 12 0.06 1.26 0.11
D5060805 101 102 17 0.01 0.71 0.03
D5060805 102 103 15 0.01 2.20 0.04
D5060805 103 104 28 0.01 2.44 0.06
D5060805 104 105 20 <0.01 0.63 0.02
D5060805 105 106 23 0.04 2.31 0.08
D5060805 106 107 16 0.01 2.57 0.08
D5060805 107 108 24 <0.01 1.73 0.04
D5060805 108 109 23 0.03 1.82 0.07
D5060805 109 110 17 0.12 5.14 0.11
D5060805 110 111 13 0.05 4.81 0.09
Average 19 0.03 2.33 0.07 11 meters
D5060815 6 7 55 0.01 3.35 0.41
D5060815 7 8 92 0.01 1.63 0.53
D5060815 8 9 196 <0.01 1.14 0.35
D5060815 9 10 201 <0.01 2.28 0.46
D5060815 10 11 178 <0.01 2.14 0.54
D5060815 11 12 93 <0.01 1.18 0.28
D5060815 12 13 30 <0.01 0.54 0.11
D5060815 13 14 49 0.01 2.38 0.26
D5060815 14 15 38 <0.01 2.18 0.23
D5060815 15 16 69 0.01 0.99 0.24
D5060815 16 17 36 <0.01 0.40 0.10
D5060815 17 18 20 <0.01 0.23 0.03
D5060815 18 19 32 <0.01 0.37 0.06
D5060815 19 20 52 <0.01 0.77 0.11
D5060815 20 21 93 <0.01 1.32 0.30
D5060815 21 22 52 <0.01 0.65 0.12
D5060815 22 23 51 <0.01 0.21 0.08
D5060815 23 24 29 <0.01 0.67 0.13
D5060815 24 25 27 <0.01 0.75 0.05
D5060815 25 26 30 <0.01 1.35 0.10
D5060815 26 27 23 <0.01 0.86 0.10
D5060815 27 28 19 <0.01 0.70 0.03
D5060815 28 29 23 <0.01 0.17 0.02
D5060815 29 30 49 <0.01 0.26 0.06
D5060815 30 31 32 <0.01 0.21 0.03
D5060815 31 32 57 <0.01 0.83 0.07
D5060815 32 33 111 0.01 1.65 0.11
D5060815 33 34 1375 0.05 10.30 0.24
D5060815 34 35 141 0.21 28.20 0.37
D5060815 35 36 56 0.22 9.51 0.51
D5060815 36 37 183 0.03 4.89 0.15
D5060815 37 38 71 <0.01 0.23 0.04
D5060815 38 39 71 0.01 0.87 0.06
D5060815 39 40 105 0.01 0.49 0.10
D5060815 40 41 48 0.04 1.99 0.58
D5060815 41 42 38 0.06 7.72 0.48
D5060815 42 43 28 0.04 2.37 0.79
D5060815 43 44 66 0.01 1.03 0.67
D5060815 44 45 78 0.01 1.84 0.74
D5060815 45 46 65 0.04 3.81 4.15
D5060815 46 47 115 0.02 6.71 1.34
D5060815 47 48 129 0.01 5.79 0.72
D5060815 48 49 157 0.01 1.94 0.34
D5060815 49 50 60 <0.01 0.98 0.17
D5060815 50 51 72 0.01 1.63 0.33
D5060815 51 52 49 0.01 1.92 0.16
D5060815 52 53 63 <0.01 1.33 0.16
D5060815 53 54 99 <0.01 1.44 0.14
D5060815 54 55 89 <0.01 0.60 0.16
D5060815 55 56 78 <0.01 1.42 0.19
D5060815 56 57 62 0.01 2.70 0.29
Average 99 0.02 2.53 0.35 51 meters
D5060821 36 37 55 <0.01 1.34 0.11
D5060821 37 38 54 <0.01 2.19 0.23
D5060821 38 39 37 <0.01 1.34 0.20
D5060821 39 40 335 0.01 7.41 7.58
D5060821 40 41 39 <0.01 1.70 0.51
D5060821 41 42 17 <0.01 1.40 0.23
D5060821 42 43 9 <0.01 0.85 0.17
D5060821 43 44 11 0.01 2.52 0.59
D5060821 44 45 32 0.03 18.05 1.73
D5060821 45 46 37 0.01 5.14 0.67
D5060821 46 47 15 <0.01 1.78 0.40
D5060821 47 48 17 0.01 3.48 1.02
D5060821 48 49 26 <0.01 2.65 0.50
D5060821 49 50 49 0.01 2.02 0.23
D5060821 50 51 64 <0.01 0.56 0.10
D5060821 51 52 65 <0.01 0.56 0.09
D5060821 52 53 34 <0.01 0.76 0.13
D5060821 53 54 22 <0.01 1.22 0.24
D5060821 54 55 41 <0.01 1.04 0.19
D5060821 55 56 79 0.01 2.79 0.47
D5060821 56 57 70 0.06 8.88 0.72
D5060821 57 58 136 0.01 3.50 0.17
D5060821 58 59 68 <0.01 0.83 0.14
D5060821 59 60 62 <0.01 0.84 0.13
D5060821 60 61 56 <0.01 2.17 0.20
D5060821 61 62 40 <0.01 6.86 0.25
D5060821 62 63 65 0.01 5.88 0.23
D5060821 63 64 58 0.02 4.34 0.30
D5060821 64 65 56 0.01 3.71 0.08
D5060821 65 66 54 0.01 6.97 0.13
D5060821 66 67 38 0.03 6.18 0.74
D5060821 67 68 82 <0.01 3.04 0.07
Average 57 0.01 3.50 0.58 32 meters 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, 2005 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
|