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News Releases
| | May 24, 2005
Sterling Mining Company Further Strengthens Executive Team with Appointments of New Assistant Treasurer and Financial Consultant
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| | Wallace Idaho, May 24, 2005 - (BUSINESS WIRE) - Sterling Mining Company (OTC:SRLM) today announced the appointment of Michael Mooney as Assistant Treasurer. It also retained Jim Meek as financial consultant to the company.
Mr. Mooney, formerly CFO of Hollister-Stier Laboratories LLC, was a principal of the management team that purchased the business from Bayer Corporation. He joins Sterling Mining with more than 30 years experience in accounting and finance. As Sterling's Assistant Treasurer, Mr. Mooney will focus on Corporate Development that will include Sterling's objective to secure a listing on a more senior stock exchange.
Mr. Meek, former Treasurer of Coeur d'Alene Mines, has been retained to further strengthen Sterling's corporate team as the Company advances its plans to bring into production the Sunshine Mine. With more than 25 years of experience in the mining industry, Mr. Meek is currently a consultant specializing in corporate compliance as mandated by the recently legislated Sarbanes-Oxley regulations and has a proven record of adding value, utilizing treasury, banking, financing, risk management and commodities trading skills.
Sterling President Ray De Motte stated: "These two appointments further strengthen our organizational and personnel structure that will implement our aggressive development plans for the Sunshine Mine. They will provide the organizational depth that will allow Sterling to continue to build on our achievements over the past 24 months."
Sterling Mining Company controls the legendary Sunshine Mine, the richest silver mine in American history with more than 360 million ounces of production over the past century. Sterling offers investors superior leverage to silver price increases through its extensive portfolio of "Silver Valley" landholdings in Idaho and through strategic alliances and equity stakes in neighboring companies. The Company also holds several advanced properties in Mexico, including the Baroness Tailings Project in the Zacatecas silver district, which it plans to bring into production. Sterling stock trades on the OTC Market Exchange under the symbol "SRLM". Please visit the Sterling website at www.sterlingmining.com for more information.
Certain statements contained in this press release are "forward looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are based on beliefs of management as well as assumptions made by and information currently available to management. Forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from expected results.
For more information contact:
Sterling Mining Company
Raymond De Motte, (208) 666-4070
www.sterlingmining.com
Investors Relations Contacts:
Cavalcanti Hume Funfer Inc. (CHF Inc.)
Olav Svela, Vice President & Account Manager,
Tel: (416) 868-1079 ext: 242
olav@chfir.com
Cathy Hume, CEO
Tel: (416) 868-1079 ext.: 231
cathy@chfir.com
If you would like to receive press releases via email contact Heather Colpitts (heather@chfir.com) and specify "Sterling press releases" in the subject line. |
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