Wednesday, January 02, 2008
Sterling Adds To Executive & Mine Mangagement Teams
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Wallace, Idaho -- January 2, 2008 -- (Marketwire) -- Sterling Mining Company (TSX: SMQ / OTCBB: SRLM / FSE: SMX) today announced the appointment of Matthew Kavanagh as the Company's new Vice President Corporate Development as well as the promotions of Fred Peck and Mike McLean.
Mr. Kavanagh is a Chartered Accountant with 20 years of extensive experience in finance and Canadian markets [ =)]], most recently as Chief Financial Officer at Minco Mining Group and as Director of Finance and Corporate Compliance with Dragon Pharmaceuticals Inc. He has also worked with the accounting firm Coopers and Lybrand for four years in both Canada and New Zealand. As VP Corporate Development, Mr. Kavanagh will contribute organizational and developmental expertise and provide for implementation of a strategic plan to add value to Sterling's non-core exploration land position of over 65,000 acres of silver prospects and projects in key silver districts in the United States and Mexico.
Several other personnel changes have been made.
Sterling has promoted Fred Peck, formerly Accounting Manager, to Assistant Controller. Mr. Peck, a Certified Public Accountant, has been with Sterling Mining Company since February 2006.
Mike McLean has been promoted to General Manager of Sterling's Sunshine Mine Division. Mr. McLean was Chief Engineer and Mine Manager for Sunshine Mine before its closure under the former operators in 2001. Since February 2004, Mr. McLean has been Sterling's Mine Manager for the Sunshine Mine project.
Frank Maciosek, formerly Mine Superintendent, was also recently promoted to become Mine Manager of the Sunshine Mine in light of his mining and technical experience that spans several decades. He has spent 34 years in Idaho's Silver Valley with Asarco [
], Silver Valley Resources and Coeur Silver Valley in various technical supervisory positions.
[Wer wird denn da an Bunker Hill denken ...?!?! :D]
Sterling's President Ray De Motte stated, "Sterling has experienced rapid growth throughout 2007 and will continue intense growth in 2008. Our employees and consultants now number 150 in the United States and Mexico combined. These appointments and promotions are part of an ongoing process to build management depth in the Company that supports our goals. Since February 2004, Mike McLean and I have very worked closely together; his promotion to GM recognizes his leadership of the Sunshine Mine Division of the Company. Mr. Maciosek's solid experience and proven track record will a great benefit as we move into our first year of production. Mr. Kavanagh will assist guiding Sterling's development to maximize the value of our silver exploration assets."