SPOKANE, Wash., Feb. 20, 2015 (GLOBE NEWSWIRE) -- Mines Management, Inc. (the "Company") (NYSE-MARKET: MGN, TSX: MGT), owner of the large Montanore Silver-Copper Project, is pleased to announce its participation in the upcoming PDAC International Convention, March 1-4, 2015, considered to be the world's leading convention for people, companies and organizations in, or connected with, mineral exploration.
On Tuesday, March 3rd, the Company will provide updates on the important progress being made in the final phase of the permitting process for the Montanore Silver-Copper Project. The Company will host an invitation only reception at 5:30 p.m., along with presentations throughout the day, in Room #202-B of the Convention Centre North building, Metro Toronto Convention Centre.
The Company will be present to meet with attendees throughout the convention, and invitations to the reception will be available at Booth #2625.
The convention is sponsored by the Prospectors and Developers Association of Canada. For more information regarding the convention, please visit www.pdac.ca/convention.
ABOUT MINES MANAGEMENT, INC.
The Company's primary focus is the advancement of the Montanore Silver-Copper Project. The Montanore is an advanced stage exploration project, which contains an estimated resource of 116 million tons of material with average grades of 1.98 ounces silver per ton and 0.74% copper. The mineral resource is considered to be in the measured, indicated and inferred categories, and a preliminary economic assessment (PEA) completed in 2011 indicated robust potential economics. The resource and PEA have been previously reported in accordance with Canadian National Instrument 43-101. For more information on the Company and the Montanore project, please visit www.minesmanagement.com
Cautionary Note to U.S. Investors concerning estimates of Measured and Inferred Mineral Resources:
This press release uses the terms "Measured Mineral Resource", "Indicated Mineral Resource", and "Inferred Mineral Resource." We advise U.S. investors that while those terms are recognized and required by Canadian National Instrument 43-101, the Securities and Exchange Commission does not recognize them. U.S. investors are cautioned not to assume that any part or all of the mineral deposits in these categories will ever be converted into mineral reserves. Inferred Mineral Resources have a greater amount of uncertainty as to their existence and as to their economic and legal feasibility. In accordance with Canadian rules, estimates of Inferred Mineral Resources cannot form the basis of feasibility or other economic studies. U.S. investors are cautioned not to assume that part or all of the Inferred Mineral Resources exists, or is economically or legally mineable. Accordingly, the information contained in this press release may not be comparable to similar information made public by U.S. companies that are not subject to NI 43-101.