TORONTO, Jan. 20 /CNW/ - Cline Mining Corporation (TSX: CMK) ("Cline" or the "Company") is pleased to announce the appointment of Mr. Sean J. Casey to the
position of Manager - Coal Marketing & Sales to the Company.
Mr. Casey has over 30 years experience in the international sale of
metallurgical coal for major mining companies in the United States. He
served as Senior Vice President of Massey Coal Export Company,
marketing metallurgical coal to world markets. Mr. Casey also spent 15
years at Pittston Coal Company, where he served as Vice President, and
previously acted as Managing Director for Oxbow Carbon and Minerals.
Cline looks forward to working with Mr. Casey on the sale and marketing
of metallurgical coal from its New Elk Coal Mine located in Las Animas
County, Colorado, U.S.A., which is expected to reach a rate of
production of 3 million tons per annum by the end of 2011.
Cline's New Elk Coal Mine has a mineral resource estimate of 315 million
tons of coal in-place (87.6 million tons Measured and 227.4 million
tons Indicated) as detailed in a technical report titled "NI 43-101
Technical Report of the New Elk Mine Project Los Animas County,
Colorado, USA" prepared by Gary L. Skaggs, P.E., P.Eng. and Timothy
Ross, P.E., of Agapito Associates, Inc. dated November 1, 2010
(effective March 13, 2010), available on SEDAR under Cline's profile
and on Cline's website at www.clinemining.com.
About Cline: Cline has significant metallurgical coal property interests
in British Columbia, Canada and in Colorado, U.S.A. Cline Mining
Corporation is a mine development company focused on the exploration
and development of metallurgical steel making coals in Canada and the
U.S., iron ore in Madagascar and the Cline Lake Gold Mine Property in
northern Ontario, Canada.
CLINE MINING CORPORATION
Ken Bates, President and Chief Executive Officer
This news release may contain forward-looking statements (including
"forward-looking information" within the meaning of applicable Canadian
securities laws), including the magnitude or quality of mineral
deposits, the economic assessment and estimates regarding the mine life
of the New Elk coal mine, and the timing and completion of financings.
The timing of drilling and work recommended by the NI 43-101 Technical
Report is based on current internal expectations, which may prove to be
incorrect. Other risk factors are discussed under "Risk Factors" in
Cline's Annual Information Form for its 2009 financial year end, and
include management's ability to anticipate and manage risk factors.
Such forward-looking statements necessarily involve known and unknown
risks and uncertainties that are common to junior mineral exploration
companies. These risks and uncertainties include, among other things,
the Company's need for additional funding to continue its exploration
efforts, changes in general economic, market and business conditions,
and competition for, among other things, capital and skilled personnel.
These statements are not a guarantee of future performance and undue
reliance should not be placed on them. The Company undertakes no
obligation to update or revise any forward-looking statements except as
required by applicable laws. Copies of the Company's public filings
under applicable Canadian securities laws are available at www.sedar.com. The Company further cautions that information contained on, or
accessible through, this website is current only as of the date of
filing such information and may be superseded by subsequent events or
Toronto Office: Brookfield Place, 181 Bay Street, 3rd Floor, Clarkson Gordon Heritage Building, Toronto, ON, M5J 2T3
Vancouver Office: Suite 2950 -650 West Georgia Street, Vancouver, BC V6B
SOURCE Cline Mining Corporation
For further information:
Ken Bates, President and CEO
Ernest Cleave, Vice-President and CFO
Office: (416) 572 2002