SOURCE: Silver Falcon Mining, Inc.

SFMI, War Eagle Mountain, Idaho, Gold, Silver, Mining

May 19, 2010 09:15 ET

Silver Falcon Mining, Inc. (SFMI) Updates Diamond Creek Mill Facility Gold Production Operations

MURPHY, ID--(Marketwire - May 19, 2010) - Silver Falcon Mining, Inc. (OTCBB: SFMI) provides an update on its 100% owned Diamond Creek Mill facility's milling operations. For the last 4-weeks, the Company's mill manager and engineer successfully completed numerous testing on the mill to move forward with an immediate comprehensive milling schedule. Preliminary recovers during the testing mill phase has shown 0.75 oz per ton precious metal values with a $50.00 per ton cost. As of May 17, 2010, the mill now fully operates. As mentioned in the May 4, 2010 corporate release, once optimal mill outputs are achieved the Company will further update shareholders on grade/output quantifiers.

Additionally, on May 24-25, 2010, the US Mine and Safety Administration (MSHA) will met with management and key employees to qualify the Diamond Creek Mill Facility and its employees as a fully compliant mill site. 

Furthermore, the main mine road to WAR EAGLE MOUNTAIN is now open, free of snow, which enables SFMI to resume transport of ore from the mountain to the mill. This ore transport will commence within the next week. And exploratory operations at the Sinker Tunnel have started per the corporate release as of May 12, 2010.

Mr. Pierre Quilliam, CEO, stated, "What exciting times for the Company and its shareholders. Our mill facility is operational and producing gold/silver. We went through 2 years of preparations and hard work to finally bring this operation on-line. During the last 2 years, the Company has benefited from higher commodity prices for both gold and silver, with gold hitting historic levels. These increases in commodity prices have brought additional value to our operations. We share with our shareholders/investors a proud feeling of accomplishment and confidence towards a bright future for SFMI."

Further Information: contact Rich Kaiser, Investor Relations, 800-631-8127 and/or the Company at 941-761-7819, http://www.silverfalconmining.com/.

SFMI 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
    800-631-8127