Silver Falcon Mining, Inc., (SFMI) Adds Assay Reports to Its Website and Provides 2012 Outlook
BRADENTON, FL -- (Marketwire) -- 09/19/11 -- Silver Falcon Mining, Inc. (OTCBB: SFMI), announces that its fire assays (FAV) results from January 1- August 31, 2011, listed from lowest to highest values, are now present on SFMI's website, http://www.silverfalconmining.com/Assays/SFMI_FEED_ASSAYS_2011.pdf. Company's management invites shareholders and other interested parties to visit this link. Going forward, assays values will be updated regularly and these published figures clearly state the present value of the ore fed to the mill.
NOTE: The Diamond Creek Mill 's closed circuit milling process keeps material in circulation in the mill until the concentrator component removes the precious metals and sends them to the concentrate tank; SFMI cannot precisely gauge the amount of Gold and Silver produced daily until the concentrate reaches the smelting process.
SFMI, in order to increase its silver recovery, a close-circuit leaching system will be purchased which will greatly increase silver concentrate values.
Additionally, the weblink referencing the historical valuations has been revised to include and reflect recent valuations of SFMI's property and related prices of precious metal.
Based on the known quality of the ore which will be fed to the mill in 2012, the Company anticipates ramping up its production to 100 to150 tons per day. The present mill building is being extended an additional 40 feet in length. This expansion provides additional square footage, allowing the install of additional milling components for increase in through-put rates.
The Company maintains a continuous smelting schedule of precious metal dore bars. The proceeds derived from shipping these dore bars to the refinery will be inked as revenue into the current 2011 calendar year-end financials. The Company maintains an advanced and sophisticated mill site security, as it grows its remaining 2011 production and the anticipated 2012 productions schedule.
Currently, the Company recently began hauling pre-determined ore from atop War Eagle Mountain in sufficient quantities, allowing for a smooth and uninterrupted source of the mill feed during the 2012 winter season. The expansion of the fenced storage yard will allow for greater quantities of ore to be stored in anticipation of the future expansion of the mill circuit.
Mr. Roger Scammell has already begun the process of expanding the geology department, and SFMI is reaching out to qualified individuals to head its underground mining operation. A Canadian 'National Instrument 43-101' (NI 43-101) will be filed in 2012, beginning an unbiased evaluation of the Company's probable and confirmed reserves inside of War Eagle Mountain. This document will be a work- in-progress, as it requires opinions, examination, and evaluation based on core drillings.
Pierre Quilliam, CEO of SFMI said, 'I am very encouraged by the results of our operation to date, and I am very excited to be reporting to the shareholders present at our annual shareholders meeting this week, Friday, September 23, 2011. We have gone through an exciting 12 months since the last time that I had the opportunity to show our shareholders what has been accomplished since their last visit. Shareholders present at this year annual meeting, can see for themselves the immense scope of SFMI current and on-going operations.'
Quality Assurance and Quality Control (QA/QC)
Silver Falcon's exploration and development program is supervised by Roger Scammell, P. Geo. Exploration conducted under strict QA/QC protocols, including mineralized standards. Half of all sampled core will be retained for future reference, and analyses will be performed by our laboratory on site and by an Independent laboratory to be named at the beginning of core drilling operations.
About Silver Falcon Mining, Inc.
SFMI has mineral rights to approximately 2,000 acres on War Eagle Mountain in southern Idaho. Its 100% owned 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 and employs a mining oriented local workforce.
Further Information contact: Rich Kaiser, Investor Relations, 800-631-8127 and/or visit http://www.silverfalconmining.com.
SFMI cautions that statements made in press release constitute forward-looking statements, and makes no guarantees of future performance and actual results/developments may differ materially from projections in forward-looking statements. Forward-looking statements are based on estimates and opinions of management at time statements are made.
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Contact:
Rich Kaiser
800-631-8127