September 18, 2008 Metropolitan - Phase I Program Update
Vancouver, BC -- Metropolitan Mining Inc. ("Metropolitan" or the "Company") (MNZ: TSX.V) is pleased to announce that it has entered into a drilling contract with Connors Argentina S.A. (a wholly-owned subsidiary of Boart Longyear) based out of Mendoza, Argentina, for a Phase I drill program on its Fruso Property located in Salta, NW Argentina (the "Property"). The Drilling Services division of Boart Longyear Limited (ASX: BLY) reportedly operates in more than 35 countries and has an international network of more than 50 zone locations that maintain and mobilize equipment close to key geographic markets. Metropolitan has the right to earn up to a 60% interest in the Property and is moving forward with the Phase I Program contained in the Company's prospectus dated June 6, 2008.
Michael Thomson, President of Metropolitan, commented as follows: "We have engaged an experienced drilling contractor and are excited about testing the copper/gold potential of the Fruso porphyry showings. We have established a branch office in Salta and are continuing to work closely with Salta Exploraciones S.A. ("SESA"), the optionor of the Property. SESA has already done some preparatory road work and is making improvements to the camp. SESA will manage the exploration program and carry out related services for Metropolitan. We have also engaged Kenneth Dawson, Ph. D., P. Eng., of Terra Geological Consultants, to travel to the Property and oversee the Phase I Program. Terra Geological has consulted to a number of organizations in Argentina, and Mr. Dawson has visited the Property and inspected the initial exploration work carried out in November and December of 2007. He is also the author of the Company's National Instrument 43-101 Report".
The Phase I drilling program will consist of 6 -- 8 HQ drill holes, of approximately 300 -- 400 metres in depth, to test the mineralization potential of a copper porphyry system. It is anticipated that the Phase I drilling program can be carried out in roughly 30--35 days at an estimated cost of US $585,000. Under the terms of the drilling contract, Metropolitan is required to provide assurances which will include cash deposits. At present, it is anticipated that a UDR 650 mk11 truck mounted surface drilling rig will be mobilized on the Property on or about September 28, 2008. It is proposed that drilling will commence on or about October 5, 2008.
ON BEHALF OF THE BOARD OF DIRECTORS
Michael G. Thomson, President, CEO & Director
For further information about Metropolitan Mining Inc., please contact:
Michael G. Thomson
B.C.: (604) 633-5088, x 102 (Vancouver Office)
ONT.: (613) 864-4005 (Mobile)
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
Certain information contained in this press release, including information and statements which may contain words such as "could", "plans", "should", "anticipates", "expect", "believe", "will", and similar expressions and statements relating to matters that are not historical facts are forward-looking information. All of the forward-looking information contained in this press release is qualified by this cautionary statement. There can be no assurance that the actual results or developments anticipated by the Company, as expressed or implied by the forward-looking information, will be realized or, even if substantially realized, that they will have the expected consequences to or effects on the Company or its business operations. The Company disclaims any intention or obligation to update or revise any forward-looking information as a result of new information or future events. Readers should not place undue reliance on forward-looking information.
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