SOURCE: Silver Falcon Mining

July 16, 2008 11:06 ET

Silver Falcon Mining, Inc. (SFMI) Reports Tailing Tonnage to Be Moved

BRADENTON, FL--(Marketwire - July 16, 2008) - Silver Falcon Mining, Inc. (PINKSHEETS: SFMI) today released the results of tonnage calculations, conducted by one their contractors, on 13 tailings on War Eagle Mountain.

Belle Peck Pile :         30,000 tons
Belle Peck Landing Pile : 40,000 tons
Oso Pile :                15,000 tons
South Poorman # 1 Pile :   7,000 tons
South Poorman # 2 Pile :   4,000 tons
North Poorman # 1 Pile :  10,000 tons
North Poorman # 2 Pile :   2,000 tons @ 3.3 g/ton Gold and 9
                                        4.5 g/ton Silver
Jackson Pile :            18,000 tons
Illinois Central Pile :   20,000 tons
Empire Pile :             25,000 tons
Silver Cord # 1 Pile :     3,000 tons
Silver Cord # 2 Pile :     8,000 tons
War Eagle Pile :          20,000 tons @ 6.9 g/ton Gold and
                                        50.9 g/ton Silver

For a total tonnage of 202,000 tons of tailings.

Mr. Pierre Quilliam, President, stated that "This exceeds our previous assessment and based on the results of the analysis done on some of the tailings above, by Met-Solve Labs. Since the sample analyzed was from a random selection of the surface of the tailings pile, the average value in the waste reserves could be higher than the tested samples. Based upon these sampling results, we look forward to receiving future reports on the more valuable ore from other samples which are presently at the lab for assays."

Management will be reporting on additional tonnage on the remaining tailings as they become available. All tailings will be transported to the Company's mill in Melba, Idaho for milling production.

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

Further Information, contact Rich Kaiser, Investor Relations, 800-631-1827 and/or the Company at 941-761-7819,

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