Metalline Mining Company
                NewsRelease: For immediate release January 18, 2000

 

 

Oxide Zinc Manto Results Sierra Mojada Project

 

Coeur d’Alene, Idaho – Metalline is pleased to announce the results of tonnage and grade calculations on the drill and channel samples from the oxide zinc mantos in the San Salvador, Encantada and Fronteriza mines.

 

The analyses of 641 samples from 9 drill holes and 761channel samples were entered into Gemcom Software International’s mining software program.  North-South vertical sections were constructed at 10-meter intervals throughout the 1500 meter length of the above mines and the sampling.  The program projects the samples that are within 5 meters of either side of each section onto the section.  For each section the limits of the zinc mineralization are defined by drawing a line around the mineralized area, staying within 5 meters of the outside perimeter of the samples.  That is, giving no more than 5 meters influence of the sample for the outside perimeter of mineralization.  The mineralized area from each section is then tied together with succeeding mineralized sections to form a volume of mineralization.  A weighted average grade is then calculated on a length-weighted basis of all of the samples within the volume.  This calculation gives equal weighting of each sample, giving influence to low-grade, some below a cut-off grade, and high-grade samples within the volume.  This method gives a conservative analysis of the grade and does not extrapolate the data beyond the sampled volume.  The result is a total of 2.1 million tonnes that average 13.86% zinc.  The contained zinc metal is 291,646 tonnes, 15% of the required 2 million tonne threshold for a Solvent Extraction Electrowinning plant and mine.

 

The detailed results are: