Metalline
Mining Company's corporate office is located at 1330 E.
Margaret Avenue, Coeur d'Alene, Idaho. Metalline is a reporting
company and trades on the American Stock Exhchange under the
symbol MMG.
Metalline
has purchased concessions located at Sierra Mojada, Coahuila,
Mexico that total 7,108 hectares (17,563 acres) and operates
in Mexico through its wholly owned Mexican subsidiary, Minera
Metalin S.A. de C.V.
The Sierra
Mojada Property contains two mineral systems separated by the
east-west trending Sierra Mojada Fault. North of the fault the
mineralization is silver, copper, zinc and lead sulfide deposits.
South of the fault the mineralization consists of oxide zinc
deposits.
Metalline
has been working on the property since 1997 and has generated
a large database of drill and channel samples. Work from 1997
through 1999 was conducted on the sulfide mineralization north
of the Sierra Mojada fault. When solvent extraction electrowinning
of oxide zinc mineralization was developed at the Skorpion Mine
in Namibia, Africa, exploration was shifted to the oxide zinc
mineralization south of the fault on the Unificacion Mineros
Nortenos concession.
Reserva
International, an independent contractor, specializing in resource
evaluation was retained to complete a block model evaluation
of the oxide zinc data. The results, using a 5% cut off grade
(using grades greater than 5%) and with blocks of 5 meter dimensions,
estimate 17,926,988 metric tons with a grade of 8.78% zinc for
the Iron Oxide Manto and 5,431,050 metric tons with a grade
of 12.08% zinc for the Smithsonite Manto.
Metalline
is of the opinion that mineralized material sufficient to justify
a mine and solvent extraction electrowinning plant has been
defined and has therefore commissioned a feasibility study on
that mineralized material.
Green Team
International ("GTI"), Johannesburg, S. Africa has
been retained to complete a feasibility study on the oxide zinc
mineralization. The feasibility study will address metallurgy,
mine plan, extraction method and economic evaluation studies.
If the results of the feasibility study are positive, Metalline
would then seek additional financing for the required capital
to implement the project.