Business
Metaline Contact Mines To Sell Vast Zn-Pb Mineral Holdings
Metaline Contact Mines To Sell Vast Zn-Pb Mineral Holdings.
About this update from Metaline Contact Mines
[{"type":"text","content":"Metaline Contact Mines announced today that it has commenced a marketing program to sell it's significant zinc-lead mineral interests in northeastern Washington State, USA.\n\nThe Company owns mineral rights to approximately 6,200 acres of private land, holds 63 unpatented lode claims on federal land, and holds another 50 unpatented lode claims jointly with Teck Cominco Washington Incorporated (\"TCWI\"), a subsidiary of Teck Cominco Limited. The vast majority of these lands are leased to TCWI under a 1997 Mining Lease with Purchase Option, which includes a 3% NSR royalty and quarterly advance royalty payments.\n\nThese mineral holdings are located in the historic Metaline Mining District, where TCWI currently operates its Pend Oreille Mine, producing high-grade zinc and lead concentrates to its world-class smelter in nearby Trail, British Columiba, Canada.\n\nFor information regarding this news release contact:\n\nJohn W. Beasley\nChief Financial Officer\nTel/Fax: 920-987-5317\nWebsite: www.metalinecontactmines.com\ne-mail: [email protected]\n\nThis news release contains \"forward-looking\" statements within the meaning of U.S. Federal Securities Laws. Such statements are based on assumptions that the Company believes are reasonable but which are subject to a wide range of uncertainties and business risks.\n\nFurther information about Metaline Contact Mines can be reviewed on the Comnpany's website at www.metalinecontactmines.com","length":1447,"tagName":"div"}]