Silver Falcon Mining, Inc.: Increases Diamond Creek Mill Operations
18.11.2010 | Marketwire
Murphy, November 18, 2010 - Silver Falcon Mining, Inc. (OTCBB: SFMI) proudly reports that, so far this month, its Diamond Creek milling facility has operated at 85% of optimal operating capacity. As previously reported, management stated that the current mill circuit has an optimal capacity of 125 tpd (tones per day). Based on today's report, the mill currently runs at 106 tpd.
The Company further reports that underground preparations for installing the water supply and pumping circuit, in anticipation of the coming winter, are well underway and should be completed before the New Year.
The final piece of equipment, which allows an exact measurement of ore tonnage treated by the mill, will be delivered this week and will allow SFMI to start processing ore of greater quality from the Oso Zone tailing pile; currently stock piled in the mill yard. Also, a belt press will be added to the mill circuit line allowing the recuperation of clean water from processing the tailings coming from the mill.
In the press release date November 07, 2010, the Company stated "...of its 100% owned Sinker Tunnel." For clarification purposes and by request of the BLM (Bureau of Land Management), SFMI owns the lode claims at the Sinker Tunnel which comprise a total of 5 claims covering the ownership of the mineral rights to the 5 claims situated on land OWNED by the BLM. Thus, Company owns the mineral rights to these claims, not the land rights.
The Company awaits its first revenue from the sale of its first shipment of concentrate, recently sent to a smelter.
Pierre Quilliam, CEO, Silver Falcon Mining, Inc., states, "In late fall 2008, SFMI obtained the Louisiana and Cumberland mineral claims through quitclaims, and the mineral rights to the Sinker Tunnel lode claims, and registered theses claims at the BLM. BLM owns the land and SFMI owns the minerals rights. Furthermore, the continuous increases in production rates at the Diamond Creek Mill have exceeded anticipated current time frames of operational expectations."
Further Information: contact Rich Kaiser, Investor Relations, 800-631-8127 and/or visit 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