~ALMI News...
Atlas Mining to Provide Miners to Sterling Mining Company
OSBURN, Idaho, May 05, 2005 (BUSINESS WIRE) --
Atlas Mining Company (OTCBB:ALMI), a natural resource and mining company, announced that they have begun further rehabilitation work for the Sterling Mining Company in the Silver Dollar Tunnel at the Sunshine Mine. Atlas Mining, through its contracting entity Atlas Fausett Contracting, will complete the rehab work, which will include placing new timber supports, and cleaning mining debris from the tunnel for easier and safer access.
Atlas Mining CEO and President William Jacobson said, "We will complete the eastern portion of the primary and secondary escape system, which will allow new underground exploration activities and renovation of the Silver Summit hoist. Our miners are experienced in this type of renovation and rehabilitation, and will provide Sterling with real, relevant expertise in mine safety and related work efforts."
Atlas Fausett Contracting had previously supplied Sterling with contract miners to assist in the restoration of the Silver Summit Tunnel, which had been severely DAMAGED. Those work efforts began in December of last year and were completed in February of this year.
"We're pleased that Sterling has re-engaged our miners," continued Jacobson. These tunnels are the primary and secondary escape routes from the Sunshine Mine, and in this business safety comes first. It's great for us to be in a position to provide this level of expertise to Sterling."
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, leased from Chester Mining and 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.
SOURCE: Atlas Mining Company
First Global Media
John Roskelley, President
480-902-3110
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Copyright Business Wire 2005
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