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News Releases
| | May 07, 2007
Sterling Mining Appoints Mooney Treasurer
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| | Wallace, Idaho - May 7, 2007 - (BUSINESS WIRE) - Sterling Mining Company (OTCBB: SRLM) today announced that Michael L. Mooney, who has served the Company since May 2005 as Corporate Secretary/Assistant Treasurer, has been appointed Corporate Treasurer of the Company, effective immediately, while he also remains Corporate Secretary.
Mr. Mooney replaces Gene Higdem who has resigned as Treasurer to take up another position at Sterling Mining on the operations side. Gene Higdem has been a key member of Sterling's management team since 2003.
Raymond De Motte, Sterling's President commented, "Mike's new role as Corporate Treasurer will call on his wealth of experience to help guide Sterling on its growth path. Smoothing the transition will be the added advantage of having Gene still here as a valuable part of the Company and available for counsel."
Prior to joining Sterling Mining, Mr. Mooney spent more than 25 years with Hollister-Stier Laboratories LLC of Spokane, Washington (formerly Bayer Corporation), where he also served as chief financial officer for five years until 2004. Mr. Mooney holds a Bachelor of Sciences degree in Accounting from Gonzaga University of Spokane.
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.
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. |
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