 | | | Publié le 13 septembre 2007 | Begins Drifting on Silver Mineralization Exposed by Cross-Cutting at Sunshine Mine |
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Re: News Releases - Thursday, September 13, 2007
Title: Sterling Begins Drifting on Silver Mineralization Exposed by Cross-Cutting at Sunshine Mine
Wallace, Idaho - September 13, 2007 - Sterling Mining Company (OTCBB: SRLM) today reported that its mining crews have completed over 230 feet of drifting on a new portion of the Sunshine vein, that has been accessed from the new Sterling Tunnel and which was exposed during exploration cross-cutting in June and July.
Sampling by Sterling's geologists to date indicate a vein grade of 33.7 ounces per ton over an average of 0.9 feet true vein width for the entire length of the exploration drift.
Raymond De Motte, President stated "This initial result is very exciting, and adds to our projections that there is ore in the Upper Country area that has been either inaccessible to date, or not explored due to fragmented land ownership with prior operators. The Upper Country area, which is separate from the lower levels of the Mine and its silver reserves that are the focus of our return to production, is key to our continuing exploration efforts at Sterling".
Sterling's Mine Manager, Mike McLean, also confirmed the arrival of a new fleet of diesel equipment, which consisting of four loaders, an underground dump truck and a single-boom hydraulic drill jumbo, which are being dedicated to the Upper Country exploration efforts.
At the Mine, to date, over 1,350 tons of the material mined in recent drifting has been stockpiled for mill feed. The concentrating Mill is expected to be operational in September. Drifting in the first cross-cut will be advanced 135 feet to the east, intercepting the Polaris Mine 1000 level, and an additional 200 feet to the west. Simultaneously, two diamond drills will continue drilling from the Sterling Tunnel, and more cross-cutting and drifting on this vein structure will commence in September. Another cross-cut 1,000 feet to the east using rail equipment is progressing on schedule as crews are completing a diamond drill station to explore the Yankee Girl vein.
About Sterling Mining Company
Sterling Mining controls the Sunshine Mine, currently forecasted to begin production in December 2007, and related exploration lands in the prolific Silver Valley of northern Idaho. The Company also holds several silver properties in Mexico, including the Barones Tailings Project in the Zacatecas Silver District. Shares of Sterling Mining Company trade on the OTC Bulletin Board under the symbol "SRLM" and also on the Frankfurt Stock Exchange under the trading symbol "SMX".
FOR FURTHER INFORMATION, visit the Company's website at www.SterlingMining.com or contact:
Sterling Mining Company
www.SterlingMining.com
Raymond De Motte, President or
Monique Hayes, Marketing/Communications
Tel: (208) 699-6097
CHF Investor Relations
www.chfir.com
Cathy Hume, CEO
Tel: (416) 868-1079 x231
cathy@chfir.com
To receive Sterling news via email, please email julia@chfir.com and specify "SRLM news" in the subject line.
Cautionary Language and Forward Looking Statements
This press release may contain "forward-looking statements", which are subject to various risks and uncertainties that could cause actual results and future events to differ materially from those expressed or implied by such statements. Investors are cautioned that such statements are not guarantees of future performance and results. Risks and uncertainties about the Company's business are more fully discussed in the Company's disclosure documents filed from time to time with the Canadian securities authorities
This press release does not constitute an offer to sell or a solicitation to buy securities, and contains forward-looking statements regarding the Company within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. These statements are based on assumptions that the Company believes are reasonable but that are subject to uncertainties and business risks. Actual results relating to any and all of these subjects may differ materially from expected results. Along with additional underground rehabilitation and restoration of site facilities, the timetable for the continuing work program anticipates production beginning in December 2007. If we are able to stay on schedule with the mine work and obtain the funding, equipment, and qualified operations personnel as needed for the work program, we believe production by December is doable. Factors that could cause results to differ materially include economic and political events, the ability to raise capital in the financial markets, and other factors discussed in the Company's periodic filings with the Securities and Exchange Commission, including its annual report on Form 10-K for the year ended December 31, 2006 and subsequent 10-Q and 8-K filings.
Copyright © 2007 STERLING MINING CO. (SRLM) All rights reserved. For more information visit our website at
http://www.sterlingmining.com/
or send email to
info@sterlingmining.com
..
Message sent on Thu Sep 13, 2007 at 1:11:08 PM Pacific Time
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Sterling Mining Co.
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EN DÉVELOPPEMENT |
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CODE : SRLMQ |
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ISIN : US8594101029 |
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CUSIP : 859410 10 2 |
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Sterling Mining est une société de production minière basée aux Etats-Unis D'Amerique. Sterling Mining est en développement de projets d'argent et d'or en USA et au Mexique. Ses principaux projets en développement sont SUNSHINE MINE en USA et BARONESS, SUNSHINE / CHESTER et SUNSHINE / METROPOLITAN au Mexique et ses principaux projets en exploration sont TESORITO, EAST SILVER VALLEY, CENTRAL SILVER VALLEY, SUNSHINE / MINERAL MOUNTAIN, EL MORRO MEXICO, LA ESPERANZA (VETAS NEGRA), ARTURO, TROUT CREEK, PINE CREEK IDAHO, SUNSHINE / MERGER GROUP, MINTON PASS, STANDARD CREEK, EAST BULL, JE PROJECT, LUCKY LUKE, LA CHAPIS, CUATRO CIENEGAS, JIMENEZ DE TEUL, SUNSHINE / UNITED MINES, SUNSHINE / BISMARK, BEACON LIGHT, WEST SILVER VALLEY et BOLSCHOI AND TERRIBLE JIM au Mexique. Sterling Mining est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 710 820 US$ (500 417 €). La valeur de son action a atteint son plus bas niveau récent le 11 août 2011 à 0,02 US$, et son plus haut niveau récent le 02 décembre 2011 à 0,02 US$. Sterling Mining possède 39 489 992 actions en circulation. |
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