SOURCE: Silver Falcon Mining

November 28, 2007 10:15 ET

Silver Falcon Mining, Inc. (SFMI): Analysis Indicates Gold Reserves Remain in Its Illinois-Central Mine Shaft

Recommencing Ore Production Plan Begins

BRADENTON, FL--(Marketwire - November 28, 2007) - Silver Falcon Mining, Inc. (PINKSHEETS: SFMI) today released the results of an independent analysis on the Illinois-Central mine shaft on the War Eagle Mountain, Gold property. Silver Falcon Mining, Inc. has developmental and operating rights to 14 deep-shaft mines covering the Mountains' primary epithermal gold and silver-producing veins. War Eagle Mountain has produced approximately 415,000 oz of gold-equivalent to date, worth nearly $ 270 Million.

An ore analysis was reported by D.A. Yeager, and C.K. Ikona, of Pamicon Developments, Ltd. "Investigations indicate at least one year's reserves in place at the bottom of the Illinois-Central; with ore indications of 11,205 tons @ 103 g/t Gold (3.6 oz Gold/ton)," wrote Mr. Yeager.

"The Illinois-Central mine shaft is one of the Company's primary targets for early Development. We look forward to working with Deep Rock Engineering, Inc. during the coming months, in developing a strategy for recommencing ore production from this mine. Noteworthy, further gold and silver resource/reserve calculations on this one shaft will be provided upon future deep-drill results," said Pierre Quilliam, President, of Silver Falcon Mining, Inc.

The War Eagle properties are adjacent to the open-pit Gold and Silver mines of DeLamar Mountain and Florida Mountain, each owned by Kinross Gold Co. and are south of Boise, Idaho, in the Silver City Mining District. DeLamar Mountain produced approximately 67 Million oz of Silver, and 1 Million oz of Gold, worth $ 1.6 Billion.

Silver Falcon Mining, Inc. is an exploration and development Company specializing in high-grade Gold and Silver mining properties in North America.

For further information about this release, contact Rich Kaiser, Investor Relations, YES INTERNATIONAL, #800-631-8127.

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

  • Contact:
    Rich Kaiser
    Investor Relations