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NEWS OUT (GOLD):SFMI:OTCBB-SILVER FALCON MINING-GOLD PROCESSING RATE
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SILVER FALCON MINING, INCS (SFMI) DIAMOND CREEK MILL REPORTS INCREASE IN
GOLD ORE PROCESSING RATES
Murphy, ID- July 1, 2010- Silver Falcon Mining, Inc.
(SFMI: OTCBB) announces
an update on its 100% owned Diamond Creek Mill Facility, located in Murphy,
ID.
Based on the composition of the ore, the current run-rate has been
established at 140 tpd (tons per day).
The mill engineer has confirmed that
the host rock, containing gold and silver mineralization, softened due to
extensive weathering from its years of environmental exposure.
Since the
mill feed composition is softer than expected, the Diamond Creek Mill can
crush and process throughputs faster and less expensively.
SFMI purchased a complete mill circuit designed in 2008, which contains a
number of technologically advanced modern components.
This mill design
enhances the production of ore at maximum efficiencies.
At capacity, the
mill circuit design can handle up to 500 tons per day which can be
obtainable upon the addition of a few other components.
Noteworthy, The Company has transported only a small portion of the historic
War Eagle Mountain tailings to its mill for processing.
There remains
hundreds of thousands of tons of tailings left over from the last mining
production in 1903.
Pierre Quilliam, CEO, states: The mill is running extremely well and we are
increasing the throughput rates on a weekly basis.
I am excited by the
results so far at our Diamond Creek Mill facility.
As more results from
operations become available, we intend to share the data with our
shareholders.
Silver Falcon Mining, Inc.
is a company specializing in exploration,
development, and extraction of high-grade gold and silver ore from mining
properties in North America.
Further Information contact Rich Kaiser, Investor Relations 800-631-8127,
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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