Silver Falcon Mining, Inc. (SFMI) Brings in New Group; Awaits Independent Assay
July 15 2013 - 9:20AM
Marketwired
SILVER FALCON MINING, INC. (OTCBB: SFMI)
works with new professional mining group for tentative funding
source and professional consulting and assistance. Currently, the
Company's Diamond Creek mill facility has reopened as of July 8,
2013, and its staff is concentrating their efforts on preparing to
float the 37,000 tons of material containing precious metals
previously processed through the gravity circuit. A team of
geologists from Canada are in route to do a professional sampling
of the above material. Subject to their independent assay
verification, this "Group" expressed an IMMEDIATE interest in
arranging financing for the closed-loop leaching circuit unit and
for a drilling program on and under the SFMI's War Eagle mountain
mineral claims. Drilling will confirm and map the vein structures
in these areas.
Terms of the financing remain to be worked out, but the Company
expects them to be favorable due to the high gold/silver contents
in its material. Further information will become available when the
Company finalizes these terms.
Sinker Tunnel
Work inside the Sinker Tunnel has been halted while the Company
waits on the results of the above mentioned sampling.
Closed Circuit Leaching Unit
The Company is still negotiating toward a loan which will fully
fund the building of the leaching circuit which was permitted by
Owyhee County almost a year ago. These negotiations are on-going
and management remains committed in receiving comprehensive terms
for this leaching circuit. Management believes either current
funding source negotiations or the aforementioned "Group" should
facilitate funds for the Company.
About Silver Falcon Mining, Inc.
SFMI has mineral rights to approximately 1,300 acres on War
Eagle Mountain in southern Idaho. Its Diamond Creek Mill is
situated at the foot of War Eagle Mountain and is serviced by 6.2
miles of paved roads from State Highway 78.
For further information, contact Mr. Richard
Kaiser, Investor Relations, 757-306-6090 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.
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Contact: Rich Kaiser Investor Relations 757-306-6090