Silver Falcon Mining, Inc. Provides Operational Update
12.11.2014 | Marketwire
BRADENTON, Nov 12, 2014 - Silver Falcon Mining, Inc. (PINKSHEETS: SFMI) provides an operational update on the future of its holdings on War Eagle Mountain and on the milling activities at its Diamond Creek Mill.Sinker Tunnel
The Sinker Tunnel has been secured and ALL the Company's mineral claims have been renewed. The access to the area and its adit were maintained throughout this past year in preparation for a renewed effort at surveying and evaluating the size of the precious metal deposit in the mountain. Sufficient financing, needed in order to take care of the Company's entire debt load and to carry out an exploration program for the next 48 months, is being secured. No work will be undertaken until it is fully secured.
Instrument 43-101
The Company estimates that a 36 to 48 months period will be necessary to do an estimate of the precious metals mineralization of its holdings on War Eagle. Once drilling and geological assessments have progressed sufficiently, in and on the mountain, to warrant the publishing of proven and probable reserves, NI 43-101 report will become available. This report will be filed with the Toronto Stock Exchange, thus revealing the intrinsic value of the War Eagle Mountain holdings and, also, paving the way for the Company's listing on the Toronto Stock Exchange, the leading exchange in the world's mining sector.
Mill Update
Since the beginning of the year, the Diamond Creek Mill is has been operating sporadically by treating third party ore and concentrates, providing some revenue to the company and justifying the Board's decision to keep it open as it will provide a needed base of operations once work resumes on the mountain.
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 exploration of the rich veins crisscrossing the mountain above it and will provide the area's population, with employment and services, www.silverfalconmining.com.
For further information, contact Mr. Richard Kaiser, Investor Relations, 757-306-6090.
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
Rich Kaiser
757-306-6090