Current Production - Long term Potential
For more information visit...
www.sterlingmining.com
Sterling Mining Co. (OTCBB: SLRM) has strengthened its status as one of the world's few primary silver producers by restoring the Sunshine Mine in North Idaho's "Silver Valley" to production. The Company acquired the rights to the mine and related assets in mid-2003, and officially commenced initial production in December of 2007.
Sunshine Mine
Sterling Mining Company acquired the rights to the dormant Sunshine Mine in 2003. The Company subsequently developed a methodical plan to restore production at the Sunshine. The first phase involved exploration and drilling programs. Other components in 2007 included the construction of the 5,700 foot Sterling Tunnel, renovation of the concentrating mill and rehabilitation of the Silver Summit Shaft to the 3,000 foot level, and completing the mine's secondary escapeway system.
Sterling officially resumed production on December 20, 2007, with the first shipment of concentrate sent to Teck Cominco's Trail British Columbia smelter.
As part of a filing to upgrade to the TSX Exchange, Sterling reported a total Resource of 262 million ounces of silver, of which 23.4 million ounces of silver are categorized as Reserves. (full text of the 43-101 Report may be found at www.sedar.com by following the link to the filings of the Company in Canada.)
Silver Valley
Sterling has assembled a 19,200-acre land package in Idaho's Silver Valley, in close proximity to and including the Sunshine Mine property.
Mexico
Baroness Tailings Project
Sterling acquired the Barones Silver Tailings project near Zacatecas, Mexico in January 2004. Construction of concrete vats, settling tanks, pipe work, recovery equipment and support buildings has been completed. Silver production began in 2005. The Company is concentrating on an optimization program to increase recovery rates for 2007, which includes the recently completed crusher installation.
San Acacio
The San Acacio Project, situated in the Veta Grande mining district of Mexico, holds potential for the Company. Current development work includes successfully processing surface material at the Barones plant, and additional drilling programs being planned for both surface and underground.
EXPLORATION PROPERTIES
Sterling is poised for growth with an exploration package of over 63,500 acres that covers 19,200 acres in the Silver Valley, close to the Sunshine Mine, 4,500 acres in the Montana copper-sulphide belt, and 50,000 acres in Mexico. The Company intends to enter into joint ventures with other junior exploration companies on several of its projects, particularly in Mexico, while advancing other projects independently.
FOR INFORMATION, PLEASE CONTACT:
Sterling Mining Company
Raymond (Ray) De Motte
Telephone: (208) 556-0227
Email: RDemotte@aol.com
Monique Hayes
Telephone: (208) 556-0227
Email: mhayes@sterlingmining.com
www.sterlingmining.com
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