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News Releases
| | August 19, 2005
Sterling Mining Company Announces Additional Property Acquisition in Northwest Montana
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| | Wallace, Idaho - August 19, 2005 (BUSINESSWIRE) - Sterling Mining Company (OTC: SRLM) announced today that it has acquired lease rights to 18 claims of the Trout Creek deposit in Northwestern Montana (JESTC Group).This acquisition expands the Sterling Mining Company's presence in the Montana Silver-Copper Sulphide Belt begun in 2004 when lease rights were obtained to five other properties within the Pre-Cambrian Best Basin (East Snowstorm, East Bull, Lucky Luke, Minton Creek Pass, and Standard Creek properties).
The Trout Creek deposit lies approximately 6 miles west of the town of Trout Creek, Montana and along the western flank of the northeast-trending, breached anticline. It possesses the size potential and stratigrafic and mineral zonation characteristics found in both the Troy and Rock Creek deposits. These include an anomalously thick quartzite section which coincides with a mineralized oxidation/reduction front.
Exploration thus far has consisted of geologic mapping, outcrop sampling and diamond drilling, results of which indicated a strong potential for the discovery of significant, economically viable Troy-type silver-copper mineralization.
Sterling Mining President Ray De Motte stated "The addition of the Trout Creek property to our expanding grassroots exploration portfolio in Northwestern Montana is very exciting and the deposit shows potential for future discovery."
Sterling Mining Company controls the legendary Sunshine Mine, the richest silver mine in American history with more than 365 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 began production in March 2005. 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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