🕐19.05.10 - 15:35 Uhr
NEWS OUT(GOLD):SFMI-SILVER FALCON MINING- GOLD PRODUCTION UPDATE
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SFMI:OTCBB
SILVER FALCON MINING, INC.
(SFMI) UPDATES DIAMOND CREEK MILL FACILITY GOLD
PRODUCTION OPERATIONS
Murphy, ID- May 18, 2010- Silver Falcon Mining, Inc.
(SFMI: OTCBB) provides
an update on its 100% owned Diamond Creek Mill facilitys milling
operations.
For the last 4-weeks, the Companys mill manager and engineer
successfully completed numerous testing on the mill to move forward with an
immediate comprehensive milling schedule.
Preliminary recovers during the
testing mill phase has shown 0.75 oz per ton precious metal values with a
$50.00 per ton cost.
As of May 17, 2010, the mill now fully operates.
As
mentioned in the May 4, 2010 corporate release, once optimal mill outputs
are achieved the Company will further update shareholders on grade/output
quantifiers.
Additionally, on May 24-25, 2010, the US Mine and Safety Administration
(MSHA) will met with management and key employees to qualify the Diamond
Creek Mill Facility and its employees as a fully compliant mill site.
Furthermore, the main mine road to WAR EAGLE MOUNTAIN is now open, free of
snow, which enables SFMI to resume transport of ore from the mountain to the
mill.
This ore transport will commence within the next week.
And exploratory
operations at the Sinker Tunnel have started per the corporate release as of
May 12, 2010.
Mr.
Pierre Quilliam, CEO, stated, What exciting times for the Company and
its shareholders.
Our mill facility is operational and producing
gold/silver.
We went through 2 years of preparations and hard work to
finally bring this operation on-line.
During the last 2 years, the Company
has benefited from higher commodity prices for both gold and silver, with
gold hitting historic levels.
These increases in commodity prices have
brought additional value to our operations.
We share with our
shareholders/investors a proud feeling of accomplishment and confidence
towards a bright future for SFMI.
Further Information: contact Rich Kaiser, Investor Relations, 800-631-8127
and/or the Company at 941-761-7819, http://www.silverfalconmining.com/.
SFMI 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
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