VANCOUVER, British Columbia,
April 28, 2011 /PRNewswire/ --
Metalline Mining Company (TSX: MMZ, AMEX: MMG) ("Metalline") is
pleased to announce that Mr. Luc
Stevenin has been appointed as Metalline's Country Manager
in Gabon, Central West Africa.
Mr. Stevenin has over fourteen years experience living and
working throughout West and Central
Africa. Previously, he spent eight years working with Rio
Tinto as their Logistics and Operations Manager in exploration
projects in Guinea, Mauritania, Mali and Gabon, and until recently was managing the
logistics and operations for the remote camp exploring the Zanaga
iron deposit currently owned by Xstrata in the Republic of
Congo. He has a combined degree in
Geology and Geography from Kingston University in the United Kingdom and is fluent in French (the
official language in Gabon) and
English.
Tim Barry, President and CEO
states, "Mr. Stevenin is a rare breed of character that excels in
Africa and is the ideal person to
be Metalline's Country Manager in Gabon. His fourteen years of experience
working throughout the continent, including time in Gabon, coupled with his involvement in a
number of world class projects from a grass roots level through to
late stage exploration will be invaluable in pushing our African
projects ahead."
Metalline, through its 100% owned subsidiary, Dome Venture's
SARL Gabon owns three 2,000 square kilometer licences in
Gabon that are highly prospective
for gold, manganese, and iron ore. Two of these licences, "Ndjole"
and "Mevang" are currently under joint venture with AngloGold
Ashanti which is fully funding an extensive exploration program
targeting a series of large gold soil anomalies and includes a
5,000 line kilometer airborne electromagnetic survey and a 5,000
meter drill program, currently underway. In addition to gold these
licences are also prospective for manganese. The third licence,
"Mitzic", which is 100% owned by Metalline is prospective for iron
ore.
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. To obtain more information
on Metalline Mining Company, visit the Company's web site
www.metallinemining.com.
On behalf of the Board of Directors
"Tim Barry"
Tim Barry,
MAusIMM
Chief Executive Officer, President and Director
Cautionary note regarding forward looking statements. This
news release contains forward-looking statements regarding future
events and Metalline's future results that are subject to the safe
harbours 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 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,"
"prospective," variations of such words, and similar expressions,
are intended to identify such forward-looking statements. In
addition, any statements that refer to the results of Metalline's
drill program, projections of Metalline's future financial and
operational performance, Metalline's anticipated growth and
potential in its business and other characterizations of future
events or circumstances are forward-looking statements. Such
statements are subject to a number of assumptions, risks and
uncertainties, including such factors as the volatility and level
of commodity prices, currency exchange rate fluctuations,
uncertainties in cash flow, expected acquisition benefits,
exploration mining and operating risks, competition, litigation,
environmental matters, the potential impact of government
regulations, and other matters discussed under the caption "Risk
Factors" in our Annual Report on Form 10-K for the fiscal year
ended October 31, 2010 and subsequent
periodic reports, many of which are beyond our control. Readers are
cautioned that forward-looking statements are not guarantees of
future performance and that actual results or developments may
differ materially from those expressed or implied in the
forward-looking statements. Cautionary Note for US investors: The
Company is an exploration stage company and does not currently have
any known reserves and cannot be expected to have reserves unless
and until a feasibility study is completed for the Sierra Mojada concessions that shows proven
and probable reserves. There can be no assurance that the Company's
concessions contain proven and probable reserves and investors may
lose their entire investment in the Company.
SOURCE Metalline Mining Company