Silver Falcon Mining, Inc. (SFMI) Provides Update on Diamond Creek Mill Expansion
June 27 2012 - 9:15AM
Marketwired
Silver Falcon Mining, Inc. (OTCBB: SFMI) ($SFMI) provides
information to its shareholders on the progression of the expansion
at the Company's 100% owned Diamond Creek Mill Facility.
The steel cladding on the extended structure, 40'x 40', is
almost completed and will house the recently purchased, new
flotation line. This floatation circuit will extract all of the
available precious metal from processed tailings on site and will
result in a reduction in the quantity of the material to be leached
by a factor of ten. In other words, at the end of the process, SFMI
will have a quantity of 3,000 tons of high grade concentrate ready
for the closed-circuit leaching process. Management remains
confident in getting this closed-circuit leach processing permit
within a reasonable time-frame.
The Company has begun hiring qualified personnel in various
skill sets to enable SFMI to act as its own contractor at both the
mill site and the various projects throughout War Eagle Mountain.
This will lower the cost of future expansion needs, maintenance
issues, new construction projects directly or indirectly related to
the mill site and/or the ongoing exploration and forthcoming
developmental needs atop War Eagle Mountain.
Management is planning SFMI's annual shareholder meeting to be
held in Murphy, ID in late September. Proxy and other materials
regarding this date/time will be mailed in late summer with these
particulars in the ensuing weeks ahead.
Mr. Pierre Quilliam, CEO, said, "Once the precious metal,
contained in our ore on site, is fully extracted, we will have
amply covered the mill expenses incurred since its opening and we
will be poised to carry on a profitable milling operation which
will then be used to process ore from the heart of War Eagle
Mountain. This whole operation will have been achieved with minimal
ecological disturbance and a whole gamut of benefits for the
inhabitants and taxpayers of Owyhee County. Our heliport has
recently contributed to saving the life of a badly injured tourist
in the area, thus fulfilling the promise we made at the time of
granting of the Diamond Creek Mill occupancy permit, that 'we would
strive to not only be a good neighbor, but would go above and
beyond to help the people of our community.' I look forward to
seeing all shareholders of record at the upcoming shareholders
meeting in September."
About Silver Falcon Mining, Inc.
Silver Falcon Mining, Inc. (OTCBB: SFMI) ($SFMI) is a producer,
developer and explorer of mineral resources, primarily in Owyhee
County, Idaho, USA, with the objective of being a profitable,
low-cost, precious metal producer and creating significant growth
in shareholder value.
Further Information contact: Rich Kaiser, Investor Relations,
757-306-6090, http://www.silverfalconmining.com.
SFMI cautions that statements made in press releases constitute
forward-looking statements, and makes no guarantees of future
performance and actual results/developments may differ materially
from projections in forward-looking statements. Forward-looking
statements are based on estimates and opinions of management at
time statements are made.
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Contact: Rich Kaiser 757-306-6090