🕐03.03.11 - 18:54 Uhr
NEWS OUT (GOLD):SFMI.OTCBB-SILVER FALCON MINING-ACTIVITY REPORT
[image]
SFMI:OTCBB
SILVER FALCON MINING, INC.
(SFMI) UPDATES ACTIVITIES WITHIN THE SINKER
TUNNEL, AT ITS DIAMOND CREEK MILL FACILITY, AND OVER TRADABILITY OF ITS
SHARES
Murphy, ID- 03/03/11 - Silver Falcon Mining, Inc.
(OTCBB: SFMI) announces
the Sinker Tunnel is currently being rehabilitated to meet the required
Mine, Health and Safety Association s (MSHA)
government standards.
The work includes installing and burying a twelve inch
water drainage pipe the entire length of the tunnel, 6080 feet.
In addition,
the timber installed in the early 1900s is being removed in several areas of
loose ground and replaced with either steel reinforcement or roof-bolts and
screens.
It is anticipated that this work will take until mid-April to
complete.
The Company is also installing piping for air and water supply for a
required rescue chamber.
Once this work has been accomplish, diamond drill stations will be excavated
at the southwest end of the tunnel to permit exploration drilling to the
south and west of the tunnel.
The purpose of the drilling will be to
evaluate the known vein systems as well as the potential sub-surface veins
that are not exposed on the surface but would be accessible for mining from
the Sinker Tunnel.
In addition to the underground exploration, SFMI intends to embark on a
detailed surface mapping and sampling program in June once the snow cover
disappears atop War Eagle Mountain.
This will be followed by a surface drill
program to evaluate the vein systems exposed on the surface.
The installation of the Belt Press in the mill, designed to dewater the
tailings more efficiently, will be completed by the end of March.
The
current dewatering system only captures 50% of the solids with the other 50%
going to our tailings ponds.
The purpose is to recover and recycle 97% of
the water and to send a higher quantity of dry solids to the tailings.
This
press will greatly reduce the cost of maintaining the settling ponds, by
eliminating most of them, and diminish the plants fresh water needs,
allowing increased throughput.
The mill has been testing several types of flocculants
.
Their purpose is to precipitate the
settlement of suspended solids in our process water.
A more effective
product will result in a lower operating cost and a more efficient use of
our new belt press.
The assay laboratory equipment has been received and will be assembled
within the new lab building at or before the end of March 2011.
Mr.
Scammell, President, said, "The Company continues to advance the project
towards its goal of identifying resources to complete a Canadian National
Instrument 43-101 (NI
43-101) and at the same time improving the efficiency of the mill."
The Company further acknowledges that SFMI is a fully-reporting Company
under the US SEC 1934 ACT.
Management realizes that its stock is now trading
on a new trading platform.
This change has caused disruptions in numerous
quote servers which have yet to update to this new trading platform.
The
Companys symbol, SFMI, remains the same as well as its fully-reporting
status and disclosures.
SFMI, along with 100s of other fully-reporting
issuers have been moved over to this new platform, without FINRA
notification or acknowledgement to SFMIs management.
The Company remains
diligent on learning more about the reasons for this recent trading platform
change.
Further Information: contact Rich Kaiser, Investor Relations, 800-631-8127
and/or visit http://www.silverfalconmining.com/.
Silver Falcon Mining, Inc.
cautions that the statements made in this press
release constitute forward-looking statements, and makes no guarantees of
future performance and actual results or developments may differ materially
from the projections in the forward-looking statements.
Forward-looking
statements are based on the estimates and opinions of management at the time
the statements are made.
SFMI:OTCBB
If you have received this email in error or would like to be removed send
"REMOVE-SFMI" to or call 757-306-6090
Products & Services | Jobs
|