SOURCE: GoldCorp Holdings, Co.

GHDC, gold mining, gold, silver, Idaho, War Eagle Mountian, Silver Falcon Mining, SFMI, mining

June 16, 2010 12:15 ET

GoldCorp Holding, Co. (GHDC) Receives First Lease Payment From Silver Falcon Mining, Inc.

BRADENTON, FL--(Marketwire - June 16, 2010) -  GoldCorp Holdings, Co. (OTCBB: GHDC) announces that it has received its first lease payment from SILVER FALCON MINING, INC. (OTCBB: SFMI).  Under the lease terms, Silver Falcon Mining, Inc. will pay approximately $83,000.00 per month for the next 16 years which grants it the exclusive mining rights to War Eagle Mountain.

Recently, Silver Falcon Mining, Inc. reported that its Diamond Creek Mill facility had started milling operations as of May 17, 2010. As SFMI continues to operate, GHDC remains assured that payments will be met per terms and condition of the mining lease. Noteworthy, SFMI paid GHDC its lease payment two weeks ahead of the scheduled date, July 1, 2010.

Pierre Quilliam, CEO, states, "This is an exciting day for GHDC. This is our first revenue check from leasing the mining rights of the famous and historic War Eagle Mountain. We believe that Silver Falcon Mining, Inc. will continue to operate successfully."

GoldCorp Holdings, Co. owns War Eagle Mountain mining claims, a gold and silver rich property, whereas Silver Falcon Mining, Inc. has the developmental and operating rights to (17) deep-shaft mines covering the Mountain's primary epithermal Gold and Silver-producing veins under a 16-year contract ending in 2023.

GoldCorp Holdings, Co. seeks to acquire mineral properties with the intent to consolidate scattered land holdings into a solid portfolio and then develop the properties to full-scale mining with industry partners.

Further Information: contact Rich Kaiser, Investor Relations, 800-631-8127

GHDC 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 Information

  • Contact:
    Rich Kaiser