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News Releases
| | September 02, 2005
Sterling Mining Company Identifies Geophysical Anomalies During Surface Geophysical Survey on Merger Property
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| | Wallace, Idaho - September 02, 2005 (BUSINESSWIRE) - Sterling Mining Company (OTC: SRLM) announced today that it has completed the surface geophysical survey on the Merger (OTC: MERG) property and has identified anomalies consistent with sulfide mineralization.
The program consisted of 13,600 ft of Induced Polarization (I.P.) covering the southern portion of the Merger Property. The program was designed to explore for subsurface structures that may host Silver-Valley-type mineralization.
The I.P. survey identified a number of anomalies, covering approximately 1000 feet north to south and 2,000 feet east to west, consistent with sulfide mineralization on the southern portions of project survey area. The primary anomaly decreases in magnitude and increases in the depth to the east. Therefore, this anomalous body may dip to the east, where it drops below the range of instruments capabilities.
Sterling plans to fully evaluate the geophysical data and conduct follow-up exploration activities on the main geophysical anomaly. The Merger property is located between the Sunshine Mine and Coeur d'Alene Mine, both significant past producers in Idaho's Silver Valley. Sterling leases the Merger property from Merger Mines.
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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