Metalline Appoints Country Manager in Gabon
Vancouver, British Columbia -- 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, MAusIMM
Chief Executive Officer, President and Director
INVESTOR RELATIONS CONTACT INFO:
Anthony Srdanovic, B.A. Comm
Manager Corporate Communications
Direct Line: (604) 895-7429
Office Line: (604) 687-5800
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.