Silver Falcon Mining, Inc. (SFMI): War Eagle Mountain Compared to Historically-Famous 'Comstock Mother-Lode'
Posted on: Friday, 2 November 2007, 09:00 CDT
Silver Falcon Mining, Inc. (PINKSHEETS: SFMI) today released details of an independent analysis conducted on War Eagle Mountain, a Gold property on which Silver Falcon Mining, Inc. has developmental and operating rights to (14) deep-shaft mines covering the Mountain's primary epithermal gold- and silver-producing veins. War Eagle Mountain has produced approximately 415,000 oz of gold equivalent to date, worth $ 270 Million.
The mines of War Eagle Mountain are adjacent to the open-pit gold/silver mines of DeLamar Mountain and Florida Mountain and owned by Kinross Gold Co., south of Boise, Idaho-Silver City Mining District. The DeLamar Mountain open-pit operation produced approximately 67 Million oz of silver and 1 Million oz of gold, worth $ 1.6 Billion.
An analysis of War Eagle Mountain, written by Barrett Cupp, a senior geologist, states: "The veins of War Eagle Mountain are of far higher value per ton than any other mining operation in the Silver City Mining District and some have speculated that they are more valuable per ton than the historically famous 'Comstock Mother-Lode.' The veins in the Mountain have not been fully exploited with respect to length or depth. My experiences in the district cause my opinion to be very favorable toward the War Eagle Mountain target and that any new exploration ventures should be focused on War Eagle Mountain if a large scale project is the desired goal in this mining district."
Mr. Pierre Quilliam, President of Silver Falcon Mining, Inc., said, "We are definitely excited with the attention that War Eagle Mountain has attracted from the mining community. The quality of the participants who have shown an interest in the War Eagle properties is outstanding, and we look forward to full-scale mining on these properties."
Silver Falcon Mining, Inc. is an exploration and development company specializing in high-grade gold and silver mining properties in North America.
For information about this SFMI release, contact Rich Kaiser, Investor relations, YES INTERNATIONAL, 800-631-8127 and/or www.silverfalconmining.com.
Silver Falcon Mining, Inc. cautions that statements made in this press release constitute forward looking statements, no guarantees on future performance and actual results/developments may differ materially from the projections in the forward-looking statements. Forward-looking statements are based on estimates and opinions of management at the time the statements are made.
Contact: Rich Kaiser Investor relations YES INTERNATIONAL 800-631-8127 www.silverfalconmining.com
SOURCE: Silver Falcon Mining
Source: MARKET WIRE
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