🕐02.08.11 - 15:27 Uhr
NEWS OUT(GOLD):SFMI.OTCBB-SILVER FALCON MINING-PRODUCES 1ST GOLD BAR
[image]
SFMI:OTCBB
SILVER FALCON MINING, INC.
(SFMI) REPORTS FIRST TIME GOLD FLOWS FROM WAR
EAGLE MOUNTAIN IN OVER 100 YEARS
Bradenton, Florida- August 2, 2011 - Silver Falcon Mining, Inc.
(OTCBB:SFMI)
proudly reports that on July 28th 2011, The Company smelted 14 lbs.
of super
concentrate which resulted in its first 555 grams (approximately 17 troy
oz.s) of Bullion Dore
that was cast and taken to a secure location for later shipment and sale to
an overseas refinery.
This marks completion of the commissioning of its
Diamond Creek Mill facility in Murphy, Idaho and the start of regular
production of Gold and Silver ingots as revenue producing material.
This is
a milestone for the Company, as well as for the War Eagle Mountain area,
which last reported precious metal smelting occurred over 100 years ago.
The first Bullion Dore produced weighted 555 grams with a 65% Gold (Au) and
35% Silver (Ag) content (view picture at www.silverfalconmining.com).
Smelting will now continue on a regular basis and receipts from the refinery
will be added to SFMIs revenues and reported in their filings of10- Qs and
10-Ks.
Once the Company
s
smelter building has been completed and other equipment installed, SFMI will
be pouring 40 lbs Bullion Dore bars.
Given the success of the Diamond Creek mill, management has decided to
expand its size, both in the actual footprint and the production line.
Efforts are underway to find and acquire a larger ball mill to be installed
in tandem with the existing production line, as well as another
Falcon Concentrator
which will allow SFMI to more than double production in the next twelve
months.
This pour was a very exciting and invigorating event for all of us involved
in the managing and working of the Diamond Creek Mill.
I know the deep
seated satisfaction felt by everyone of our employees as they realize that
their combined efforts made this success possible and I wish to thank them
from the bottom of my heart, said Pierre Quilliam, CEO of SFMI.
He further
stated, I also take the opportunity to thank our shareholders whose
confidence and support allowed us to go forward in this endeavor.
As I
related before, the mill circuit, as configured, will allow SFMI to create
capital from the sale of Bullion Dore, as well as ready the whole production
line to handle prime ore from the underground veins of War Eagle Mountain.
Our near-term efforts include augmenting our production capacity to produce
more gold and silver from the old workings on War Eagle Mountain and our
long- term efforts go towards the identification and the extraction of the
ore bodies inside the mountain.
About Silver Falcon Mining, Inc.
SFMI has mineral rights to approximately 2,000 acres on War Eagle Mountain
in southern Idaho.
Its Diamond Creek Mill is situated at the foot of War
Eagle Mountain and is serviced by 6.2 miles of paved roads from State
Highway 78.
It maintains year round access to the Sinker Tunnel which will
facilitate underground mining of the rich veins crisscrossing the mountain.
The Company employs from a local and skilled mining oriented local
workforce.
On behalf of the Board of Directors of Silver Falcon Mining, Inc.:
Pierre Quilliam, Chief Executive Officer
For further information, contact Mr.
Richard Kaiser, Investor Relations,
757-306-6090; email: and/or
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.
Contact:
Rich Kaiser
Investor Relations
800-631-8127
If you have received this release in error or would like to be removed from
further notifications, send REMOVE-SFMI to or
call 757-306-6090
SFMI.OTCBB
Products & Services | Jobs
|