Message #20 From:
NewsBot Date: September 22, 2005 02:10:00 AM
ALMI News Jim Enyeart Appointed as Dragon Mine Manager
OSBURN, Idaho--(BUSINESS WIRE)--Sept. 22, 2005--Atlas Mining Company (OTCBB: ALMI) announced today that long time employee Jim Enyeart has been selected as Mine Manager at the Dragon Mine in Juab County, Utah. The announcement made today by President and CEO, William T. Jacobson, stated, "Because of Jim's vast experience in the mining industry and his previous ability to successfully handle similar positions, we asked Jim to take over the operations at the Dragon. Jim has been with us for a number of years. He had managed larger operations for Cominco during his career there. We have had to move some personnel around this past few months because of additional contracting work, but during this time Jim has demonstrated his talents as a good supervisor here at the Dragon. The men respect Jim, and he will do a great job for us."
In a message to the shareholders in August, it was disclosed that a full time geologist was hired to help direct the efforts at the Dragon Mine. The Company is also looking at possible lab facilities that can be set up on or near the property. Processing methods beyond the existing KDS grinder/dryer are also being analyzed to insure that the product demands of buyers can be made readily available. With the recent funding the Company has paid the majority of its debts and purchased the Dragon Mine. Stated Jacobson, "We are in the position now to move the Dragon Mine and Atlas to the next level. Operations can gear up from this point, and we will not be distracted by worries about how to pay for it."
About Atlas Mining Company: Atlas Mining Company is a diversified natural resource company with its primary focus on the development of the Dragon Mine in Juab County, Utah, the only known commercial source of halloysite clay outside of New Zealand. The unique purity and quality of the Dragon mine halloysite is unmatched anywhere in the world and has spawned considerable research into new and exciting applications for this product. Atlas also holds mining and timber interests in Northern Idaho, and operates an underground mining contracting business. Atlas stock trades on the OTC Bulletin Board under the symbol "ALMI". More information about Atlas Mining Company can be found at www.atlasmining.com
Safe Harbor Statement: Except for the historical statements made herein, the statements made in this release are forward-looking statements. Risk factors that could cause actual results to differ materially from those projected in forward-looking statements include, but are not limited to, general business conditions, managing growth, and political and other business risks. All forward-looking statements are expressly qualified in their entirety by this Cautionary Statement and the risks and other factors detailed in the Company's reports filed with the Securities and Exchange Commission. Atlas Mining undertakes no duty to update these forward-looking statements.
