Silver Falcon Mining, Inc. (SFMI)
Posted on: Tuesday, 13 November 2007, 06:00 CST
Silver Falcon Mining, Inc. (PINKSHEETS: SFMI) today announced the completion of an additional capital project undertaken on the mountain. Roads leading to the top of the mountain have been upgraded to allow for heavier ore trucks.
War Eagle Mountain is 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 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.
Mr. Pierre Quilliam, President of Silver Falcon Mining, Inc., said, "With the mini-mill and metallurgical lab now completed and the roads upgraded, we will be able to gain access to more veins on the mountain, haul heavier ore loads, and continue development activities at a considerably faster pace".
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 on SFMI, contact Rich Kaiser, Investor Relations, YES INTERNATIONAL, #800-631-8127 and/or www.silverfalconmining.com
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.
Rich Kaiser Investor Relations YES INTERNATIONAL 800-631-8127 www.silverfalconmining.comSOURCE: Silver Falcon Mining, Inc.
Source: MARKET WIRE
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