SPOKANE, WASH., December 19 /CNW/ - Mines Management, Inc. (AMEX: MGN)
(TSX:MGT) ("Mines Management" or the "Company"), is pleased to announce recent
appointments to its operational team at the Montanore Silver-Copper Project,
located in northwestern Montana.
John Thompson is a professional engineer and has been appointed to serve
as Vice President of the Company's wholly owned subsidiary, Montanore Minerals
Corporation, and General Manager of the Montanore Project. Mr. Thompson will
oversee advancement of the upcoming underground drill program and the
feasibility study for the Montanore Project, and will start in January, 2008.
Mr. Thompson has more than 30 years of experience in the mining sector
with significant underground operations experience, including at the
Stillwater platinum-palladium mine in southeastern Montana, Gulf Minerals and
United Nuclear. Mr. Thompson has also provided consulting services to
companies internationally, including Pan American Silver, Bema Gold, Endeavour
Silver, and Strathmore Minerals.
Rod MacLeod is a professional geologist who joins Mines Management as
Chief Geologist and will oversee planning, analysis and handling processes for
the drill program, resource estimation modeling, and collaboration with the
third-party contractor for the feasibility study. Mr. MacLeod has over 20
years of experience, during which time he has worked for companies including
Newmont Exploration, Dakota Mining, Lacana Gold Corp., and Homestake Mining.
Most recently, Mr. MacLeod worked for Phelps Dodge at its Bagdad, Arizona,
copper project, where he served as Senior Geologist.
Denver Winslow has been appointed as Project Engineer. A mining engineer,
Mr. Winslow will oversee engineering activities for the drill program at the
Montanore, and coordinate development of the planned feasibility study. Mr.
Winslow has significant experience in mining operations, including with
Barrick Gold as Senior Mine Engineer at the Meikle/Rodeo Mine in Nevada, as
well as for Kennecott, Phelps Dodge and Asarco. Most recently, Mr. Winslow
served as Senior Mine Engineer for J.R. Simplot at the Smoky Canyon Mine in
Mines Management's President and CEO, Mr. Glenn Dobbs, stated, "We are
gratified with the high level of experience and expertise attracted to the
Montanore. These and the other individuals that make up the Montanore team
have already demonstrated a high level of excellence in advancing this large
project and a conscientious effort to do it safely and responsibly."
The Company's Montanore Project team now totals fourteen people between
the operational office in Libby and the Montanore Project site. The Company
anticipates that its Libby, Montana-based team will grow to approximately
25-35 employees during 2008 as it ramps up activities related to the
underground evaluation program.
Mines Management is a U.S.-based mineral exploration company currently
focused on advancement of the Montanore Silver-Copper Project located in
northwestern Montana. The Montanore Project is currently undergoing an
advanced-stage underground evaluation program and permitting process.
Some information contained in or incorporated by reference into this
report may contain forward-looking statements. These statements include
comments regarding the commencement of employment and the timing of evaluation
and permitting activities. The use of any of the words "development,"
"anticipate," "continues," "estimate," "expect," "may," "project," "should,"
"believe," and similar expressions are intended to identify uncertainties. The
Company believes the expectations reflected in those forward-looking
statements are reasonable. However, the Company cannot assure that the
expectations will prove to be correct. Actual results could differ materially
from those anticipated in these forward-looking statements as a result of the
factors set forth below and other factors set forth and incorporated by
reference into this report: worldwide economic and political events affecting
the supply of and demand for silver and copper; volatility in the market price
for silver and copper; uncertainties associated with developing new mines;
technical, permitting, mining and processing problems; the availability,
terms, conditions and timing of required governmental permits and approvals,
and potential opposition to the majority of permits; uncertainty regarding
future changes in applicable law or implementation of existing law and the
factors discussed under "Risk Factors" in our Form 10-K, as amended, for the
period ending December 31, 2006.
For further information:
For further information: Mines Management, Inc. Douglas Dobbs Vice
President, Corporate Development and Investor Relations Phone: 509-838-6050
Fax: 509-838-0486 Email: email@example.com Website: