Silver Falcon Mining, Inc. (PINKSHEETS: SFMI) announces additional equipment to boost gold and silver production at its Melba, ID. mill.
The engineers of RMS-Ross, the suppliers of the equipment for the mill finished an on site inspection. The Company, under RMS' direction, began relocating certain pieces of equipment in the mill circuit for maximum output; also allowing for the installation of a parallel wet-line circuit. This additional circuit equipment and realignment of the current mill components should quadruple planned gold and silver production at the Company's Melba, ID. mill. The Company believes these changes should be completed within the next 2-3 weeks.
Mr. Pierre Quilliam, President of Silver Falcon Mining, Inc., said, "An increase in the demand for the gold/silver concentrates, motivated SFMI to undertake an expansion of planned output production at the Melba mill. This installation of the wet-line circuit should allow SFMI to quadruple precious metals output and, further advance, by at least two years, the underground mining developments on War Eagle Mountain."
Silver Falcon Mining, Inc., is an exploration and development Company specializing in high-grade Gold and Silver mining properties in North America.
Further Information contact Rich Kaiser, Investor Relations, YES INTERNATIONAL, 800-631-8127 and/or the Company at 941-761-7819, 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.
Showing posts with label Silver Falcom Mining. Show all posts
Showing posts with label Silver Falcom Mining. Show all posts
Friday, February 6, 2009
Monday, January 5, 2009
Silver Falcon Mining, Inc. (SFMI) Announces 2009 Business Plan
Silver Falcon Mining, Inc. (PINKSHEETS: SFMI) begins working on its 2009 business plan, approved by its Board of Directors.
War Eagle Mountain is a Gold and Silver rich property where Silver Falcon Mining, Inc. has the developmental and operating rights to 17 deep-shaft mines covering the Mountain's primary epithermal Gold- and Silver-producing veins. At the beginning of the year, the property under contract covers approximately 1,500 acres.
The business plan provides for the following:
1) Working the mill on a double shift schedule and increasing the output tonnage through the addition of a larger ball mill to be installed parallel to the existing one as well as installing a larger Falcon Concentrator to multiply the precious metals output.
2) Bring to the mill sufficient ore from the tailings pile to guarantee the increased production for 24 months production of Gold and Silver.
3) In accordance with our operating contract with GoldCorp Holdings, Co., open up one more shaft on the property and prepare it for further activity.
4) Establish a large permanent mill site at the Sinker Tunnel Entrance thus eliminating present transport and road maintenance cost.
5) Dedicate 15% of the net smelter returns to a buyback plan of its common "A" stock.
6) Start permitting process to do underground mining in the Sinker Tunnel so as to allow year round operation to go on.
7) A core drilling program for an evaluation of reserves on the mountain.
Mr. Pierre Quilliam, President of Silver Falcon Mining, Inc., said, "Again we have laid out an ambitious plan and now that we have a cadre of competent and dedicated associates under contract, we are very excited at the prospects laid out before us. Thanks to the selfless dedication of our employees and contractors, we look forward to a very rewarding year in 2009 both financially and operationally."
Further Information contact Rich Kaiser, Investor Relations 800-631-8127 and 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.
War Eagle Mountain is a Gold and Silver rich property where Silver Falcon Mining, Inc. has the developmental and operating rights to 17 deep-shaft mines covering the Mountain's primary epithermal Gold- and Silver-producing veins. At the beginning of the year, the property under contract covers approximately 1,500 acres.
The business plan provides for the following:
1) Working the mill on a double shift schedule and increasing the output tonnage through the addition of a larger ball mill to be installed parallel to the existing one as well as installing a larger Falcon Concentrator to multiply the precious metals output.
2) Bring to the mill sufficient ore from the tailings pile to guarantee the increased production for 24 months production of Gold and Silver.
3) In accordance with our operating contract with GoldCorp Holdings, Co., open up one more shaft on the property and prepare it for further activity.
4) Establish a large permanent mill site at the Sinker Tunnel Entrance thus eliminating present transport and road maintenance cost.
5) Dedicate 15% of the net smelter returns to a buyback plan of its common "A" stock.
6) Start permitting process to do underground mining in the Sinker Tunnel so as to allow year round operation to go on.
7) A core drilling program for an evaluation of reserves on the mountain.
Mr. Pierre Quilliam, President of Silver Falcon Mining, Inc., said, "Again we have laid out an ambitious plan and now that we have a cadre of competent and dedicated associates under contract, we are very excited at the prospects laid out before us. Thanks to the selfless dedication of our employees and contractors, we look forward to a very rewarding year in 2009 both financially and operationally."
Further Information contact Rich Kaiser, Investor Relations 800-631-8127 and 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.
Thursday, December 4, 2008
Silver Falcon Mining, Inc. (SFMI) Meets Objectives of 2008 Business Plan
NEW YORK, NY, Dec 04, 2008 (MARKET WIRE via COMTEX) -- Silver Falcon Mining, Inc. (PINKSHEETS: SFMI) looks back at its 2008 business plan agreed to by its Board of Directors in late 2007.
The SFMI Board of Directors approved a business plan which called for the following objectives to be met within the 2008 calendar year:
-- Build and start up, 100 tons per day precious metal processing mill
within a 50 miles radius of War Eagle Mountain.
-- Bring previously mined ore (tailings) as needed, from the mountain to
the plant, for a six month production of Gold and Silver.
-- Re-open one of the mine shafts on the property and prepare it for
further activity; in accordance with the Company's operating contract with
GoldCorp Holdings, Inc.
-- Mandate the officers of the company to file documents with the United
States Securities and Exchange Commission, in order to become fully
reporting and provide financial transparency.
SFMI's Management reports that it has fulfilled all aspects of its aforementioned 2008 business plan.
Having purchased and installed state of the art milling equipment, SFMI goes into operation by the end of this year, processing approximately one hundred tons of ore per day.
The Company transported ore, from atop War Eagle Mountain to its Melba, ID mill. The Company reports enough mill-feed tonnage available to last until mid-year 2009. Ore transport operations will resume, in the spring, providing additional mill-feed for 12 months of continuous production.
SFMI's mining engineers opened the "Belle Peck" adit, thus giving access to the "Poorman" complex of gold and silver veins. This secured access gives our personnel, the year round ability to conduct the geological and mining steps necessary to start underground operations in the spring of 2009.
The Company, in October 2008, acquired the "Sinker Tunnel," which is situated at a lower elevation on the mountain and allows us easy year round access. This tunnel structure allows engineers, miners and geologist further internal access to SFMI's underground minerals contained above and around the tunnel. Two more "Deep-Shaft" mines were included in this purchase, as well as, 4 mill sites.
At the beginning of the year, the property owned by GoldCorp Holdings, Co, covered approximately 172 acres. In 2008, it filed mineral claims at the Bureau of Land Management to an additional 1,400 acres on War Eagle Mountain, giving it almost complete mineral rights to the area. Under SFMI's long-term contract with GoldCorp Holdings, Co., SFMI's geologist/ mining engineers began a mapping operation of this total acreage which will result in a current picture of the underlying value of the numerous precious metal veins and determine the best access routes for future development.
Management retained the services of an independent auditor, who is going through an exhaustive financial audit of the company's affairs. A registration statement filing, under the USSEC 1933 Act, will be submitted with the exchange commission upon the audit's completion.
Mr. Pierre Quilliam, President of Silver Falcon Mining, Inc., said "We had an ambitious plan and carried it out successfully thanks to the selfless dedication of our employees and contractors. We hired competency in the various disciplines needed to carry out our successful mining program, now and in future years. This past performance should make it easier to get Board of Directors approval for the 2009 operations plan. "
About SFMI:
Silver Falcon Mining, Inc., is an exploration and development Company specializing in high-grade Gold and Silver mining properties in North America. Its primary operations at War Eagle Mountain, Owyhee County, ID is a Gold and Silver rich property, where it has the developmental and operating rights to (14) deep-shaft mines covering the Mountains' primary epithermal ore producing veins.
Further Information contact Rich Kaiser, Investor Relations, YES INTERNATIONAL 800-631-8127; www.silverfalconmining.com.
Silver Falcon Mining cautions that 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.
CONTACT:
YES INTERNATIONAL
800-631-8127
SOURCE: Silver Falcon Mining
Copyright 2008 Market Wire, All rights reserved.
The SFMI Board of Directors approved a business plan which called for the following objectives to be met within the 2008 calendar year:
-- Build and start up, 100 tons per day precious metal processing mill
within a 50 miles radius of War Eagle Mountain.
-- Bring previously mined ore (tailings) as needed, from the mountain to
the plant, for a six month production of Gold and Silver.
-- Re-open one of the mine shafts on the property and prepare it for
further activity; in accordance with the Company's operating contract with
GoldCorp Holdings, Inc.
-- Mandate the officers of the company to file documents with the United
States Securities and Exchange Commission, in order to become fully
reporting and provide financial transparency.
SFMI's Management reports that it has fulfilled all aspects of its aforementioned 2008 business plan.
Having purchased and installed state of the art milling equipment, SFMI goes into operation by the end of this year, processing approximately one hundred tons of ore per day.
The Company transported ore, from atop War Eagle Mountain to its Melba, ID mill. The Company reports enough mill-feed tonnage available to last until mid-year 2009. Ore transport operations will resume, in the spring, providing additional mill-feed for 12 months of continuous production.
SFMI's mining engineers opened the "Belle Peck" adit, thus giving access to the "Poorman" complex of gold and silver veins. This secured access gives our personnel, the year round ability to conduct the geological and mining steps necessary to start underground operations in the spring of 2009.
The Company, in October 2008, acquired the "Sinker Tunnel," which is situated at a lower elevation on the mountain and allows us easy year round access. This tunnel structure allows engineers, miners and geologist further internal access to SFMI's underground minerals contained above and around the tunnel. Two more "Deep-Shaft" mines were included in this purchase, as well as, 4 mill sites.
At the beginning of the year, the property owned by GoldCorp Holdings, Co, covered approximately 172 acres. In 2008, it filed mineral claims at the Bureau of Land Management to an additional 1,400 acres on War Eagle Mountain, giving it almost complete mineral rights to the area. Under SFMI's long-term contract with GoldCorp Holdings, Co., SFMI's geologist/ mining engineers began a mapping operation of this total acreage which will result in a current picture of the underlying value of the numerous precious metal veins and determine the best access routes for future development.
Management retained the services of an independent auditor, who is going through an exhaustive financial audit of the company's affairs. A registration statement filing, under the USSEC 1933 Act, will be submitted with the exchange commission upon the audit's completion.
Mr. Pierre Quilliam, President of Silver Falcon Mining, Inc., said "We had an ambitious plan and carried it out successfully thanks to the selfless dedication of our employees and contractors. We hired competency in the various disciplines needed to carry out our successful mining program, now and in future years. This past performance should make it easier to get Board of Directors approval for the 2009 operations plan. "
About SFMI:
Silver Falcon Mining, Inc., is an exploration and development Company specializing in high-grade Gold and Silver mining properties in North America. Its primary operations at War Eagle Mountain, Owyhee County, ID is a Gold and Silver rich property, where it has the developmental and operating rights to (14) deep-shaft mines covering the Mountains' primary epithermal ore producing veins.
Further Information contact Rich Kaiser, Investor Relations, YES INTERNATIONAL 800-631-8127; www.silverfalconmining.com.
Silver Falcon Mining cautions that 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.
CONTACT:
YES INTERNATIONAL
800-631-8127
SOURCE: Silver Falcon Mining
Copyright 2008 Market Wire, All rights reserved.
Thursday, October 30, 2008
Silver Falcon Mining, Inc. Delivers First Tonnage of Ore to Mill; Updates Belle Peck Adit Developments
NEW YORK, NY, Oct 30, 2008 (MARKET WIRE via COMTEX) -- Silver Falcon Mining, Inc. (PINKSHEETS: SFMI) announced today that the Company continues to move aggressively with its 3-stage transportation of the "Belle Peck" tailing piles. A fleet of 30-ton articulated trucks, load and transport the ore to a staging area on the bottom of War Eagle Mountain. Next, regular "off road" trucks take the ore to a second staging site near the Owhyee county road. Finally, road semis deliver this ore to SFMI's mill in Melba, ID, where it's being stockpiled on site. This stockpile will provide plenty of mill-feed material, allowing the mill to operate throughout the winter months without interruption.
A local ribbon cutting ceremony marked the arrival this week, of the first tonnage at the mill site. The Company estimates the total cost of processing the ore at $30.00 to $40.00 per ton including transport. A photo log of this event can be viewed at the Company's website.
The "Belle Peck" adit, leading into the 800-foot level of the "Poorman" silver mine, is sporting a new entrance with the installation of a 170 feet length of 10' high steel pipe. This entrance will now allow easy access and exploitation of this adit next spring. The adit will be explored in its entirety and assays of the accessible veins will be done under the direction of SFMI's geologist to allow a fair assessment of the reserves in this particular piece of property. This entrance will allow mining equipment to enter the adit, as well as, provide drainage for the Poorman shaft and associated mine tunnels.
Mr. Pierre Quilliam, President of Silver Falcon Mining, Inc., said, "Now that we are within a few weeks of shutting down operations on top the mountain for the winter season, our Board of Directors, mining engineers and geologist will start to review planned mining operations for 2009. We have no doubt that we will have a positive outcome to both our current and future mining operations and developments."
Silver Falcon Mining, Inc., is an exploration and development Company specializing in high-grade Gold and Silver mining properties in North America.
Further Information contact Rich Kaiser, Investor Relations 800-631-8127 and/or the Company at 941-761-7819, 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.
Contact
Rich Kaiser
Investor Relations
800-631-8127
SOURCE: Silver Falcon Mining
Copyright 2008 Market Wire, All rights reserved.
A local ribbon cutting ceremony marked the arrival this week, of the first tonnage at the mill site. The Company estimates the total cost of processing the ore at $30.00 to $40.00 per ton including transport. A photo log of this event can be viewed at the Company's website.
The "Belle Peck" adit, leading into the 800-foot level of the "Poorman" silver mine, is sporting a new entrance with the installation of a 170 feet length of 10' high steel pipe. This entrance will now allow easy access and exploitation of this adit next spring. The adit will be explored in its entirety and assays of the accessible veins will be done under the direction of SFMI's geologist to allow a fair assessment of the reserves in this particular piece of property. This entrance will allow mining equipment to enter the adit, as well as, provide drainage for the Poorman shaft and associated mine tunnels.
Mr. Pierre Quilliam, President of Silver Falcon Mining, Inc., said, "Now that we are within a few weeks of shutting down operations on top the mountain for the winter season, our Board of Directors, mining engineers and geologist will start to review planned mining operations for 2009. We have no doubt that we will have a positive outcome to both our current and future mining operations and developments."
Silver Falcon Mining, Inc., is an exploration and development Company specializing in high-grade Gold and Silver mining properties in North America.
Further Information contact Rich Kaiser, Investor Relations 800-631-8127 and/or the Company at 941-761-7819, 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.
Contact
Rich Kaiser
Investor Relations
800-631-8127
SOURCE: Silver Falcon Mining
Copyright 2008 Market Wire, All rights reserved.
Friday, October 17, 2008
Silver Falcon Mining Updates Progress on the Belle Peck Completion and Ore Transport
NEW YORK, NY -- (Marketwire) -- 10/17/08 -- Silver Falcon Mining, Inc. (PINKSHEETS: SFMI)details progress on the War Eagle Project.
The entrance to the Belle Peck tunnel has now been protected by the installation of massive steel pipes which will allow easy vehicularentrance to the Belle Peck adit and permanent access to the Gold and Silver(Poorman) veins on the mountain. The adit will be explored in its entirety and assays of the accessible veins will be done under the direction of ourgeologist to allow a fair assessment of the reserves in this particular piece of our property.
In the meantime, the "Belle Peck" tailings pile is being attacked by ourtransport contractor who has marshaled enough loading and transportation equipment to ensure the current ferrying of a sufficient quantity of ore toour mill site. This allows the Company to operate the mill uninterrupted for the next twelve months.
The installation of our mill in Melba is progressing at a rapid pace withthe recent arrival of a few crucial pieces of equipment. The companiessupplying the remaining balance of equipment ordered, have guaranteed thatthese items are either under assembly and/or ready to ship from theirlocations.
We have at present, adequate financial reserves to allow us to complete, start up the mill, and carry on developments on the mountain until the spring. The Company believes milling operations will provide adequate cashflow to pursue other developments on War Eagle Mountain throughout 2009.
Mr. Pierre Quilliam, President of Silver Falcon Mining, Inc., said, "With the recent world financial development, it is very comforting to realizethat we are in the business of extracting the only means of commerce that has withstood the test of time and has always been accepted as a solidmeans of payment, namely GOLD."
Silver Falcon Mining, Inc. is an exploration and development Companyspecializing in high-grade Gold and Silver mining properties in NorthAmerica.
Further Information contact Rich Kaiser, Investor Relations 800-631-8127 and/or the Company at 941-761-7819, 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 fromthe 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.
Contact:Rich KaiserInvestor Relations 800-631-8127
The Company 941-761-7819
www.silverfalconmining.com
The entrance to the Belle Peck tunnel has now been protected by the installation of massive steel pipes which will allow easy vehicularentrance to the Belle Peck adit and permanent access to the Gold and Silver(Poorman) veins on the mountain. The adit will be explored in its entirety and assays of the accessible veins will be done under the direction of ourgeologist to allow a fair assessment of the reserves in this particular piece of our property.
In the meantime, the "Belle Peck" tailings pile is being attacked by ourtransport contractor who has marshaled enough loading and transportation equipment to ensure the current ferrying of a sufficient quantity of ore toour mill site. This allows the Company to operate the mill uninterrupted for the next twelve months.
The installation of our mill in Melba is progressing at a rapid pace withthe recent arrival of a few crucial pieces of equipment. The companiessupplying the remaining balance of equipment ordered, have guaranteed thatthese items are either under assembly and/or ready to ship from theirlocations.
We have at present, adequate financial reserves to allow us to complete, start up the mill, and carry on developments on the mountain until the spring. The Company believes milling operations will provide adequate cashflow to pursue other developments on War Eagle Mountain throughout 2009.
Mr. Pierre Quilliam, President of Silver Falcon Mining, Inc., said, "With the recent world financial development, it is very comforting to realizethat we are in the business of extracting the only means of commerce that has withstood the test of time and has always been accepted as a solidmeans of payment, namely GOLD."
Silver Falcon Mining, Inc. is an exploration and development Companyspecializing in high-grade Gold and Silver mining properties in NorthAmerica.
Further Information contact Rich Kaiser, Investor Relations 800-631-8127 and/or the Company at 941-761-7819, 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 fromthe 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.
Contact:Rich KaiserInvestor Relations 800-631-8127
The Company 941-761-7819
www.silverfalconmining.com
Monday, July 14, 2008
Silver Falcon Mining Says Ready to begin Transporting
Per a deal with Earll Excavation and Bill Earll, Silver Falcon Mining (SFMI.PK)announced they're ready to go forward with the first phase of their business plan.
Pierre Quilliam, President of Silver Falcon Mining, Inc., said, "Now that the roads are open all the way to our mines, we can proceed with the first phase of our business plan. We are very excited to join with Earll Excavation, Inc., an experienced hauler, which gives us insurance of continuous production in our Melba mill for the next 24 months."
Earll Excavation is well respected in the industry, and has successfully loaded and transported tailings for a number of companies.
The agreement calls for loading and transporting tailings from the "Belle Peck" adit to SFMI's mill in Melba, Idaho. There it will be stockpiled by Earll.
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