Message #29 From:
Stock News Bot Date: December 5, 2006 04:30:00 AM
ALMI News Atlas Mining Company Begins Exploration Drilling Job at Sunshine Mine
OSBURN, Idaho--(BUSINESS WIRE)--Atlas Mining Company (OTCBB: ALMI) announced today that its contracting
entity, Atlas Fausett Contracting (AFC), has expanded the scope of its
services beyond the ongoing development contract at the Sunshine Mine in
north Idaho. Sterling Mining (OTCBB: SRLM), the operator of the Sunshine
Mine has awarded AFC additional work, which includes 53,000 feet of
underground exploration core drilling. The job calls for exploration
drilling from underground drill stations that are being excavated during
the course of the decline adit currently being driven by AFC. According
to William Jacobson, President and CEO of Atlas Mining Company, “We
are really excited about the future of this project. The Sunshine Mine
has always been a major silver producer, and we are very fortunate to be
part of its resurrection.”
Sterling Chief Engineer, Michael McClean, stated, “Atlas
Fausett is our contractor of choice, and we are very happy to have them
take on this additional work for us. We work well together, and are
looking forward to some great results.”
About Atlas Mining Company: Atlas Mining Company is a diversified
natural resource company with 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 in the nanotechnology fields and has
created exciting new applications for this product. Atlas also holds
mining and timber interests in Northern Idaho, and operates an
underground mining contracting business, and holds interests in copper
and gold properties in Newfoundland. Atlas stock trades on the OTC
Bulletin Board under the symbol “ALMI”.
More information about Atlas Mining Company can be found at http://www.atlasmining.com.
About Sterling Mining: Sterling Mining controls the historically
significant Sunshine Mine and related exploration lands in the Silver
Valley of North Idaho. The Company also holds several silver properties
in Mexico, including the producing Baroness Tailings Project in the
Zacatecas silver district. Sterling Mining trades on the OTC Bulletin
Board under the symbol "SRLM" and also on the Frankfurt Stock Exchange,
trading symbol "SMX." For further information, visit the Company's
website at www.SterlingMining.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 Safe Harbor Statement and the risks and other
factors detailed in the Company's reports filed with the Securities and
Exchange Commission. Atlas Mining Company undertakes no duty to update
these forward-looking statements.
