Cline Mining Corporation

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Message: Cline Lake Gold Diamond Drill Results Announced

Cline Lake Gold Diamond Drill Results Announced

posted on Jul 11, 2008 03:22PM

Cline Lake Gold Diamond Drill Results Announced

TORONTO, Jul 11, 2008 (Canada NewsWire via COMTEX News Network) --

/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN

THE UNITED STATES./

Cline Mining Corporation ("Cline" or the "Company") (TSX:CMK) is pleased to announce that is has completed the follow-up drill program on the 88-60 and 07-10 gold bearing zones on its Cline Gold Project located near Wawa, Ontario, Canada. The Cline Gold Project is located along the Goudreau Lake Deformation Zone, a major, regional gold-bearing, structure and is situated approximately 5 kilometers east of the Island Gold Mine operated by Richmont Mines Ltd (TSX:RIC,AMEX:RIC) and Patricia Gold Mines (TSX:PAT).

Follow-up Drill Program on the 88-60 and 07-10 Zones

In late 2007 a follow-up diamond drill program commenced to further define and attempt to expand the 88-60 and 07-10 Zones (see Press Release dated April 24th, 2008). This drill program was completed earlier this month. Twenty four (24) holes totalling approximately 3637 meters were drilled to test the 88-60 and Lake Porphyry Zones while fourteen (14) holes totalling approximately 3225 meters were designed to test the 07-10 Zone and the nearby Number 3 Shaft Zone.

Significant assay results received since the April 24th, 2008 news release are given in the table below.

Summary of Significant Intersections


<<
-------------------------------------------------------------------------
From To Length Au
Hole (m) (m) (m) gpt Comments
Lake
CL Porphyry
08-24 31.1 32.3 1.2 5.12 Zone
Lake
CL Porphyry
08-25 28.6 30.3 1.7 10.50 Zone
CL 181.6 184.0 2.4 4.00 N. of 07-10
08-34 Zone?
N. of 07-10
and 193.7 194.3 0.6 8.35 Zone?
and 211.8 212.1 0.3 15.77 07-10 Zone
S. of 07-10
and 235.1 238.7 3.6 4.74 Zone
CL
08-35 224.8 226.8 2.0 8.67 88-60 Zone
and 249.6 252.7 3.1 7.07 88-60 Zone
CL
08-36 256.8 262.7 5.9 12.02 88-60 Zone
CL
08-37 46.5 48.2 1.7 5.44 07-10 Zone
CL
08-38 81.6 82.1 0.6 5.20 07-10 Zone
CL
08-42 119.5 121.3 1.8 8.08 07-10 Zone?
CL Lake
08-46 27.7 28.2 0.5 23.13 Porphyry
-------------------------------------------------------------------------
-------------------------------------------------------------------------
>>

note: true widths are currently estimated at 60-80% of drilled widths.

Infill Sampling Program

As mentioned in the April 24th, 2008 press release Cline has also begun infill sampling of the drill core in and around the known gold intercepts. Material change(s), received to date, from the original assay results include: 12.02 gpt Au over 5.9 meters from CL 08-36 (original interval split returned 14.22 gpt Au over 0.61 meters).

Cline is still awaiting assay results from over 400 infill samples as well as ~250 samples from the nine most recently drilled holes.

Sample Preparation, Analyses and Security

The aforementioned assay and sample information as well as geological descriptions are taken from drill logs as prepared by the project geologists for the drill program. All drill cores are BQ in size and assays are completed on split half-cores, with the second half of the core kept for future reference. The samples are put into rice bags which are sealed with security locks for shipping directly to Swastika Laboratories, an accredited assay laboratory, in Swastika, Ontario. The samples are analysed using standard fire assay procedures with an AA finish. In addition to the standard quality control of the laboratory, a series of blanks and standards are inserted in every shipment for quality control purposes.

This press release includes certain "Forward-Looking Statements". Other than statements of historical fact, all statements are "Forward-Looking Statements" that involve various known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove accurate. Results and future events could differ materially from those anticipated in such statements. Readers of this press release are cautioned not to place undue reliance on these "Forward-Looking Statements".

This press release has been prepared by Cline management and has been approved for dissemination by Mr. Bruce W. Mackie, P.Geo. a Qualified Person under Canadian Securities Guidelines.

Cline Mining Corporation is a mine development company focused on the exploration and development of gold in Canada, uranium and iron-ore in Madagascar and metallurgical coal in Canada for the international seaborne coal trade market.

The Company website can be located at www.clinemining.com

CLINE MINING CORPORATION

Ken Bates, President and Chief Executive Officer

Forward-Looking Information

All statements, other than statements of historical fact, contained in this news release, including any information as to the Company's current expectations with respect to the potential acquisition and future development of the New Elk Coal Properties, constitute "forward-looking information" within the meaning of applicable securities laws. Words such as "intend", "may", "will", "plan", "potential" or similar words suggesting future outcomes identifies forward looking information, which is, by its very nature, not a guarantee of Cline's future operational or financial performance, and are subject to risk sand uncertainties, both known and unknown, as well as other factors that could cause the Company's actual results to differ materially from those expressed or implied in any forward-looking information made by, or on behalf of, the Company. Readers are cautioned not to place undue reliance on forward looking information. By its nature, forward-looking information involves numerous assumptions, known and unknown risks and uncertainties, of both a general and specific nature, that could cause actual results to differ materially from those suggested by the forward-looking information or contribute to the possibility that predictions, forecasts or projections will prove to be inaccurate. These factors include, but are not limited to: uncertainty related to the Company's title to its properties; liabilities inherent in coal mine development and production; geological, mining and processing technical problems; the Company's inability to obtain required mine licenses, mine permits and regulatory approvals required in connection with mining and coal processing operations; dependence on third party coal transportation systems; competition for, among other things,capital, acquisitions of reserves, undeveloped lands and skilled personnel; changes in commodity prices and exchange rates; changes in steel-making methods and other technological changes; the oversupply of, or lack of demand for, metallurgical coal; currency and interest rate fluctuations; various events which could disrupt operations and/or the transportation of coal products, including labour stoppages and severe weather conditions; the demand for and availability of rail, port and other transportation services; the other factors discussed under "Risk Factors" in Cline's 2007 Annual Information Form; and management's ability to anticipate and manage the foregoing factors and risks. Information relating to the magnitude or quality of mineral deposits is deemed to be forward-looking information. Head Office: TD Canada Trust Tower 27th Floor, 161 Bay Street, Toronto, Ontario M5J 2S1. Vancouver Office: Suite 2950 - 650 West Georgia Street, Vancouver B.C. V6B 4N8. The reliability of such information is affected by, among other things: uncertainty of estimates of their size or composition; uncertainty of projections relating to costs or production, transportation or estimates of market prices for products; the possibility of delays in mining activities; changes in plans with respect to exploration, development projects or capital expenditures; and various other risks including those relating to health, safety and environmental matters. The Company cautions that the list of factors set forth above is not exhaustive. Some of the risks, uncertainties and other factors which negatively affect the reliability of forward-looking information are discussed in the Company's public filings with the Canadian securities regulatory authorities, including its most recent management information circular, annual report, quarterly reports, material change reports and news releases. Copies of the Company's Canadian public filings 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 such information and may be superseded by subsequent events or filings. Except as required by applicable securities laws, the Company undertakes no obligation to update publicly or otherwise revise any information, including any forward-looking information, whether as a result of new information, future events or other such factors that affect this information.

SOURCE: Cline Mining Company

Ken Bates, CEO, Ernest Cleave, CFO, Head Office: (416) 572-2002, E-mail: info@clinemining.com; Website: www.clinemining.com

Copyright (C) 2008 CNW Group. All rights reserved.

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