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SILVER
FALCON MINING (SFMI)
Announces Earnings Estimates
BRADENTON, FL -- (MARKET WIRE) -- 08/22/08 -- Silver Falcon Mining, Inc.
(OTCBB:SFMI.PK - News) today announces the
projected earnings estimates from the milling of the ore in only three
(3) of its fourteen (14) tailings dumps, on its War Eagle Project.
Based
on precious metal contents of Gold price at $800 dollars/ounce and
Silver prices at $14 dollars/ounce, Silver Falcon Mining has $30.7
million of proven gross reserves based on assay averages of these three
(3) tailing dumps accessible now on War Eagle Mountain. Ahead of
production start-up at its Melba, Idaho mill, contracts have been let
out for transport to and operation of the mill which represent a
combined cost of $340 an ounce.
Mr.
Pierre Quilliam, President of Silver Falcon Mining, Inc., said,
"We are very excited at the confirmation of our projections on both,
precious metal contents and milling costs. We will continue update
progress on our operations as they become available."
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 Investor Relations, Rich Kaiser, YES
INTERNATIONAL, 800-631-8127.
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.
ENDS
Investor Relations
Yes International Ltd.
Attn: Rich Kaiser
3419 Virginia Beach Blvd., #252
Virginia Beach, VA 23452
Tel: 757-306-6090
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