SECURITIES AND EXCHANGE COMMISSION
                     Washington, D.C. 20549
                        ----------------
                           FORM 10-QSB/A

     [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF
             THE SECURITIES EXCHANGE ACT OF 1934
          For the quarterly period ended April 30, 2004
                             OR
     [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF
             THE SECURITIES EXCHANGE ACT OF 1934
     For the transition period from _______ to _____

             Commission file number: 000-27667

                  METALLINE MINING COMPANY
    (Exact name of registrant as specified in its charter)

                Nevada              91-1766677
(State or other jurisdiction  (IRS Employer Identification No.)
    of incorporation)

                     1330 E. Margaret Ave.
                    Coeur d'Alene, ID 83815
             (Address of principal executive offices)

       Registrant's telephone number, including area code:
                        (208) 665-2002

Securities registered pursuant to Section 12 (b) of the Act: None

Securities registered pursuant to Section 12 (g) of the Act:

  Common Stock                       The OTC-Bulletin Board
Title of each class             Name of each exchange on which
                                            registered.

Indicate by check mark whether the registrant (1) has filed all
reports required to be filed by Section 13 or 15(d) of the Securities
Exchange Act of 1934 during the preceding 12 months (or for such
shorter period as the registrant was required to file such reports),
and (2) has been subject to such filing requirements for the past 90
days. Yes [X]  No [  ]
</page>


<Page>
                      EXPLANATORY NOTE


This report has been amended for the sole purpose of restating
the Statement of Cash Flows by eliminating the item of $491,400
titled "Purchase of Investments" in CASH FLOWS FROM INVESTING
ACTIVITIES. This item was included in error and it's elimination
does not affect any other section of the Statement of Cash Flows
or any other area of the Form 10QSB. The restated Statement of
Cash Flows is included herein.

[The balance of this page has been intentionally left blank.]

Page 1
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<Page>
                      METALLINE MINING COMPANY
                   (AN EXPLORATION STAGE COMPANY)
                CONSOLIDATED STATEMENTS OF CASH FLOWS
<Table>
<Caption>
                                                          Period from
                                Six Months Ended          November 8, 1993
                                -----------------        (Inception)
                                April 30,     April 30,   through
                                2004          2003        April 30, 2004
                               (Unaudited)   (Unaudited) (Unaudited)
                                ---------     ---------   ---------
<S>                             <C>           <C>         <C>
Cash flows from
 operating activities:
Net loss                      $(1,056,698)     $(570,896)  $(9,339,551)
Adjustments to reconcile net
 loss to cash used by
 operating activities:
  Depreciation                     25,125         24,565       220,473
  Non-cash expenses                     0              0       126,864
  Payment of services from
   issuance of stock              272,922        390,922     1,575,434
  Payment of services from
   issuance of options                  0              0       801,892
  Payment of financing fees from
   issuance of stock options            0              0       276,000
  Payment of expenses from
   issuance of stock                    0              0       326,527
  Warrants issued for services          0              0       688,771
(Increases) decreases in:
 Foreign property tax
  refund receivable                     0         59,287             0
 Accounts receivable              (32,925)       (41,710)      (32,925)
 Prepaid expenses                    (238)         1,233          (364)
 Employee advances                 (4,912)        (2,689)      (25,812)
(Increases) decreases in:
 Accounts payable                 (78,102)        22,481        32,796
 Contracts payable                      0         41,198         4,209
 Accrued liabilities               43,523       (192,399)       67,267
                                   ------           ----          ----
Net cash used in
  operating activities           (831,305)      (268,008)   (5,278,399)
                                  =======        =======      ========

Schedule continued on next page.
See condensed notes to the consolidated financial statements.
</Table>
</Page>





<Page>
                     METALLINE MINING COMPANY
                   (AN EXPLORATION STAGE COMPANY)
                CONSOLIDATED STATEMENTS OF CASH FLOWS
                          (continued)
<Table>
<Caption>
                                                         Period from
                                Six Months Ended          November 8, 1993
                                -----------------        (Inception)
                                April 30,     April 30,   through
                                2004          2003        April 30, 2004
                               (Unaudited)   (Unaudited) (Unaudited)
                                ---------     ---------   ---------
<S>                             <C>           <C>         <C>
Net cash used by
  operating activities           (831,305)      (268,008)   (5,278,399)

CASH FLOWS FROM INVESTING
 ACTIVITIES:
 Purchase of investments                0              0      (484,447)
 Proceeds from investments              0              0       484,447
 Equipment purchases             (201,081)             0      (657,548)
 Mining property acquisitions           0              0    (4,452,631)
                                  -------         ------     ---------
Net cash used by investing
 activities                      (201,081)             0    (5,110,179)
                                  -------         ------     ---------
CASH FLOWS FROM FINANCING
 ACTIVITIES:
 Proceeds from sales of
  common stock                  6,879,850        209,917    15,902,021
 Proceeds from sales of
  options and warrants                  0            583       949,890
 Deposits for sale of stock        38,000              0       125,500
 Proceeds from
  shareholders loans                    0              0        30,000
                                  -------         ------       -------
Net cash provided by
 financing activities:          6,917,850        210,500    17,007,411
                                  -------        -------     ---------
Net increase (decrease)
 in cash                        5,885,464        (57,508)    6,618,833
Cash beginning of period          733,369        216,363             0
                                  -------        -------      --------
Cash at end of period          $6,618,833       $158,855    $6,618,833
                                   ======        =======        ======
See condensed notes to the consolidated financial statements.
F/S 9/A
</Table>
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<Page>

SIGNATURES

 In accordance with the requirements of the Securities Exchange
Act of 1934, the registrant has duly caused this report to be
signed on its behalf by the undersigned, thereunto duly
authorized.

      METALLINE MINING COMPANY

Date:  September 7, 2004
      By: /s/ Wayne L. Schoonmaker
          ---------------
          Wayne Schoonmaker, its
          Principal Accounting Officer
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