🕐21.11.11 - 15:27 Uhr
NEWS OUT(GOLD):SFMI.OTCBB-SILVER FALCON MINING-DRILLING BIDS ON SINKER TUNNEL
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SILVER FALCON MINING, INC.
(SFMI) GOES OUT FOR CORE DRILLING BIDS, READIES
SHIPMENT OF MORE BULLION DORE BARS
Bradenton, FL.-11-21-2011- Silver Falcon Mining, Inc.
(SFMI:OTCBB) is
putting out for bids for its underground exploration drilling program at its
Sinker Tunnel.
The Company expects to start the underground drilling
program, January 2012.
SFMIs Geological department
will
coordinate this drill program with the objective to explore and evaluate the
quantity, quality and values of the Oro Fino vein and its offshoot veins
within the Sinker Tunnel .
Management believes this exploration phase will lead to
further discoveries.
Data collected from drill cores will be used to develop
the underground 3D-model of War Eagle Mountain.
This information will enable
the Companys engineers to formulate a cost-effective extraction method of
these gold/silver bearing veins and will provide SFMI with tonnage
information which will be added to its resource calculations.
Further, the Company announces that a second delivery of Bullion Dore
is
being readied for shipment to its contracted North American refinery.
Payment will be received prior to the close of the Companys fourth quarter,
December 31, 2011.
Future regular deliveries of Bullion Dore will be made
to its two approved refineries and sales will be authorized by management at
the best price according to "4 P.M.
London Fix Spot Price.
At present, the Company is still using temporary facilities on site to smelt
ore concentrates and produce Bullion Dore bars.
The secure smelting
facility is well underway to completion and as equipment and personnel are
permanently relocated, information about the operation will be forthcoming.
SFMI has brought down 15,249 tons of ore from the old dumps
on the mountain, which combined with the material already on site, will
enable SFMI to carry out uninterrupted production at Diamond Creek Mill
until the weather allows access to the mountain next spring.
Various
modifications are being made to the mill to further improve the precious
metal recoveries and to increase production.
Chief Executive Officer, Mr.
Pierre Quilliam, commented, "Maintaining and
increasing the revenue stream from our operation is critical to fulfilling
our fiduciary responsibilities to our shareholders and employees.
Silver Falcon Mining, Inc.
(SFMI:OTCBB) is a developer and explorer of
mineral resource properties, 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, 800-631-8127
and visit http://www.silverfalconmining.com
.
SFMI cautions that statements made in press release 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.
If you have received this email in error or would like to be removed from
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call 757-306-6090.
SFMI.OTCBB
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