Hi von Phuket, naechste Woche schreibe ich mehr wenn ich in Kapstadt bin. Dieser Report kam heute an, vielleicht interessiert der Euch.
Herzlichen Gruss und alles Gute ![]()
Eldo ![]()
STERLING MINING ADDS TO SILVER VALLEY HOLDINGS
Wallace, Idaho –– August 17, 2006 (BUSINESS WIRE) – Sterling Mining Company (OTC BULLETIN BOARD: SRLM) announced today it has leased an additional 520 acres of unpatented mining claims adjacent to its RC claim group in the southeastern portion of the Silver Valley, Idaho, increasing Sterling’s total position in the Silver Valley to 18,220 acres through ownership, lease or option agreements. Sterling has also acquired from New Jersey Mining Company their entire interest in the CAMP project located in the Coeur d’Alene Mining District in Idaho.
This addition of the leased claims in the Silver Valley provides Sterling additional exploration potential for the long term. The claims are considered an early stage prospect. Sterling will develop an exploration program spanning the next few years employing modern geophysical and geochemical exploration techniques.
The Camp Project is now a joint venture of Sterling Mining Co, Merger Mines (OTC: MERG) and U.S. Silver Corporation as operator. It is in the heart of the Coeur d’Alene mining district, located between Coeur d’Alene Mines’ and Sterling Mining Company’s properties. The interest was acquired for a $120,000 cash payment and provides Sterling a land ownership position and a 7% Net profits interest. Sterling already had an interest in the property which can be accessed via Sterling’s Silver Summit tunnel. This acquisition enlarges Sterling’s interest in the CAMP Project property.
“Our primary current exploration and development work is focused on our Sunshine Mine project in the “Silver Belt” of the Coeur d’Alene Mining District in Idaho”, stated Sterling’s President, Ray De Motte. “Sterling has continually sought to expand its land position and exploration potential in this historic mining district through ownership and joint venture. The CAMP project acquisition in particular strengthens our interest in the area.”