FOR IMMEDIATE RELEASE
|
RELEASE 07-15
|
MINES MANAGEMENT ANNOUNCES APPOINTMENTS TO
ITS PROFESSIONAL STAFF AT THE MONTANORE PROJECT
Spokane, Washington � December 19, 2007 � 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 Afton, Wyoming.
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.
Forward Looking Statements
Some information contained in or incorporated by reference into this report may contain forward
looking statements. These statements include comments regarding the process and timing of environmental
assessment 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.
|