Mini-Mill and Metallurgical Lab completed
BRADENTON, FL -- (MARKET WIRE) -- 11/08/07 -- Silver Falcon Mining, Inc. (PINKSHEETS: SFMI) today announces the completion and successful operation of a mini-mill and metallurgical processing lab for War Eagle Mountain. The mini-mill crushes and extracts the Gold and Silver from the mineral ore, while the metallurgical lab refines and assays the results for Gold and Silver content.
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 mines owned by GoldCorp Holdings, Co., 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. The DeLamar Mountain open-pit operation 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: "The mill and lab were major undertakings by all interested parties, and will speed the development efforts on the Mountain by providing a readily-available, localized source for processing the ore and analyzing its precious metal content. Although the mill is primarily for low-volume use, it will reduce both the time required and the costs involved for everyone on the Mountain. Ore was previously transported to another mining facility several hours away from War Eagle. We are pleased to see developments on the properties moving forward in preparation for full-scale mining."
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, 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.
Yes International Ltd.
Attn: Rich Kaiser
3419 Virginia Beach Blvd., #252
Virginia Beach, VA 23452