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.
Showing posts with label War Eagle Project. Show all posts
Showing posts with label War Eagle Project. Show all posts
Monday, January 5, 2009
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
Subscribe to:
Posts (Atom)