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News Releases
| | February 20, 2007
Sterling to Install Power Substation at 3100 Ft-Level at Sunshine Mine
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| | Wallace, Idaho - February 20, 2007 - (BUSINESS WIRE) - Sterling Mining Company (OTCBB: SRLM) today reported that it has scheduled the re-installation of power to the Sunshine Mine's 3100 foot level and the construction of a power substation there. Work is scheduled to begin in February with the excavation of the substation room and a 50 ft ventilation drift.
"Our crews have completed restoration of electrical power to the 1700 level pump room and the 2500 level," said Mike McLean, Mine Manager.
Progress continues on several fronts simultaneously at the Sunshine Mine:
- advancing the Sterling Tunnel;
- exploration drilling of Upper Country zones from Sterling Tunnel;
- driving a new exploration cross-cut from the Polaris 1000 level;
- equipment renovations at the mill;
- rehabilitation of the Silver Summit hoist with structural testing now complete
Sterling Mining Co. currently forecasts restoring production at the Sunshine Mine in December 2007.
About Sterling Mining Company
Sterling Mining controls the Sunshine Mine 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
Tel: (208) 666-4070
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.
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. 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, 2005 and subsequent 8-K filings. |
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| | You can view the Next News Releases item: Thu Mar 15, 2007, Sterling Mining is Ahead of Schedule at Sunshine Mine; Production Set to Commence December 2007
You can view the Previous News Releases item: Tue Feb 13, 2007, Sterling's Marketing Manager, Monique Hayes, Joins the Board of the Idaho Mining Association
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