Silver Falcon Mining, Inc. (SFMI) Provides Update on Its Ongoing and Growing Mill Tolling Orders
12.05.2014 | Marketwire
BRADENTON, May 12, 2014 - Silver Falcon Mining, Inc. (OTCBB: SFMI) releases information today about its tolling agreements being fulfilled at its 100% owned Diamond Creek Mill Facility, Murphy, Idaho.Ore from third parties continues to come into the Company's mill for a variety of processing operations provided by the Diamond Creek Mill. In the last 30 days, a total of 5 tolling customers have come into the mill facility for various treatments of their respected precious metal bearing ores.
Tolling to date has brought in much needed revenue to the Company's operations. Net earnings from these operations, although small to date compared to the future expected potential earnings of the mill, are, so far, constant and have proven to be within the financial expectations on these tolling agreements.
The Diamond Creek Mill, at capacity, can provide 150 tons per day of crushing services, 50 tons per day of gravity milling, and 100 tons per day of floatation concentrating. The whole mill circuit is backed and controlled by SFMI's onsite metallurgical laboratory services. The Company's facility can also accommodate onsite storage of up to 30,000 tons of precious metal bearing ore.
The Company continues to evaluate other 3rd party materials with the expectations that the milling service can grow accordingly and be utilized for profitable processing of intended future shipments.
About Silver Falcon Mining, Inc.
SFMI has mineral rights to approximately 1,300 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 above it and will provide the area population, with employment and services.
For further information, contact Mr. Richard Kaiser, Investor Relations, 757-306-6090 and/or www.silverfalconmining.com.
Silver Falcon Mining, Inc. cautions that the statements made in this press release constitute forward looking statements, and not 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 INFORMATION
Silver Falcon Mining, Inc.
Rich Kaiser
Investor Relations
757-306-6090
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