Silver Falcon Mining Inc.

Published : June 02nd, 2011

Press Release - 06/02/11

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Keywords :   Diamond | Gold | Growth | Idaho | Lead | Market | Silver |
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NASDAQ OTC: SFMI.OTCBB

PRESS RELEASE

 

SILVER FALCON MINING, INC. (SFMI)
PRESIDENT PROVIDES OPERATIONAL UPDATE.

Murphy, Id. -- (MARKET WIRE) -- 06/02/11-- Silver Falcon Mining, Inc. (OTC:SFMI.OTCBB - News) acquired the War Eagle Mountain property mining rights on the basis of its extensive gold/silver vein systems through a multi-year lease agreement from GoldLand Holdings, Co. (GHDC. OTCBB). These properties are well documented in historical archives, and many mineralized zones are over one mile in length. Over the last 7-months, due to lack of geological expertise and access to the mountain due to weather inaccessibility, the Company�s focus shifted from the exploration potential of the mountain to the processing of tailings. Realizing the need for personnel with mining experience, the Company hired Roger Scammell, a great asset, with over 40 years of experience in the Northern and Central American mining industries. Roger has been associated with four exploration successes, two of which are now producing mines.

From management�s perspective, the processing of the current tailings stockpile is of secondary importance to that of the exploration potential. It was, and is intended to prepare and fine tune the mill to extract gold and silver for further production and future acquisition. At the current throughput and anticipated grades, any cash flow that the mill generates is intended to augment the Company�s finances. In the interim, it is the intention of the Company, to secure higher grade material from the existing dumps/tailings to increase the Company�s cash flow. Once it has been re-determined which dumps contain economic mill grades, a program of removal and transport will be closely monitored to ensure that QA/QC (quality assurances and quality controls) is strictly enforced. The Company intends to ensure that only worthwhile material for processing is delivered to the plant to ensure quality and promote further revenue streams.

Beginning July 2011, the Company will embark on a two-year aggressive exploration program. This project will focus primarily on the Sinker Tunnel (Sinker) and the surface of War Eagle Mountain. On the surface of War Eagle Mountain, the Company will begin with its Great Western property, located at the northern portion of the Oro Fino�Mahogany/Red Bird Mineral Trend Zones. Since last year, due to snow cover, there has been no opportunity to advance the surface exploration. Once the mountain is accessible, the company will conduct a geological and sampling mapping program. This will lead to the definition of favourable veins and mineralized structures that will require follow-up Diamond drilling later in the year. The Company is in the process of acquiring necessary permits, which are being processed expeditiously. In preparation, for the exploration program, available data is being compiled on the claims currently leased by SFMI from the BLM (Bureau of Land Management) and GoldLand Hol dings, Co. At the same time, another key aspect to the growth of the Company is the acquisition of additional mineral claims and lease agreements for the numerous other existing areas on the mountain.

The re-habilitation of the Sinker is well underway and the entire tunnel and cross-cuts are now accessible. The vein structure is very well exposed along the cross-cut extending along the tunnel from the Oro Fino in the north to the Mahogany/Redbird in the south, a distance of approximately 7,720 feet. The Sinker will not only provide year- round access to this principal vein but also allows an opportunity to explore it and other parallel structures. Since the Sinker is located below and along the Oro Fino, Golden Chariot, Cumberland, Minnesota, Mahogany and Red Bird vein structures, this would allow the development of these mines below the existing workings.

President, Mr. Roger Scammell said, �At a recent Board of Director�s meeting, management was given full support and the budgets were approved to proceed with the Company�s business plan for the coming year and I wish to thank them personally. The Company is well financed to achieve its objectives and I look forward to the upcoming exploration programs which should give this Company the necessary requirements for obtaining listings on other North American and European stock exchanges. As always, I thank all shareholders at SFMI for their on-going support.�

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.

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

Silver Falcon Mining, Inc.
1385 Broadway Ave., Suite# 1109
New York, NY 10018

TEL: 212-730-1234
FAX: 212-730-1510

www.silverfalconmining.com

Silver Falcon Mining Inc.

EXPLORATION STAGE
CODE : SFMI
ISIN : US82771R1059
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Silver Falcon Mining is a silver exploration company based in United states of america.

Its main exploration property is WAR EAGLE MOUNTAIN in USA.

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Nominations of Silver Falcon Mining Inc.
7/13/2010Appoints New Board Member
1/14/2010Mill Manager Begins Position
Project news of Silver Falcon Mining Inc.
11/12/2009(Illinois Central Vein Mine)Geological High Gold/Silver Mineralization
6/24/2009(War Eagle Mountain)Purchases Land for Mill Site
12/11/2008(War Eagle Mountain)LOOKS FORWARD TO PRODUCTION AT ITS MELBA, ID. MILL
6/26/2008(Poorman Mine)Announces “Belle Peck” Discovery
5/30/2008(War Eagle Mountain)Takes War Eagle Mountain Tailings Dump Samples; Reports on R...
4/23/2008(War Eagle Mountain)RECEIVES ADDITIONAL WAR EAGLE MOUNTAIN MINING RIGHTS
2/20/2008(War Eagle Mountain)Equipment Delivery Begins
2/11/2008(War Eagle Mountain)Reports Millable Grades From Assays
Corporate news of Silver Falcon Mining Inc.
10/2/2015GoldLand Holdings Co. (GHDC) Provides a Shareholders Brief, ...
9/28/2015Mr. Paul Parliament Announces His Resignation as Director of...
1/22/2015Silver Falcon Mining, Inc. (SFMI) Receives Financial Term Sh...
11/12/2014Silver Falcon Mining, Inc. (SFMI) Provides Operational Updat...
6/27/2014GoldLand Holdings Co. (GHDC) Moves Forward With Due Diligenc...
5/12/2014Silver Falcon Mining, Inc. (SFMI) Provides Update on Its Ong...
3/26/2014Silver Falcon Mining, Inc. (SFMI) Provides Operational Updat...
8/19/2011Press Release - 08/18/11
8/2/2011Press Release - 08/02/11
6/2/2011Press Release - 06/02/11
7/29/2010Provides Details on Shareholder Meeting, Friday, September 1...
7/19/2010Apponts Its Sixth Board of Directors Member
6/16/2010Makes Lease Payment to Goldcorp Holdings Co.
5/19/2010Press Release - 05/19/10Updates Diamond Creek Mill Facility ...
5/5/2010Creek Mill Facility Produces Gold/Silver For Sale
4/20/2010Opens Its Diamond Creek Mill Facility
3/17/2010April 19, 2010 Mill Production Start-Up
3/8/2010Evaluates a Toronto Stock Exchange Listing
3/4/2010Commences Trading on the Over the Counter Bulletin Board
2/10/2010 The Wall Street Transcript - Reprinted from February 8, 201...
10/15/2009Altered Horizon in Owyhee County
10/14/2009Funding For Diamond Creek Mill Completed
10/8/2009COMPANY'S MILL ZONING APPROVED
9/29/2009Answer to Its Form 10 Filing
8/17/2009Registration Statement with the USSEC to become a Full-Repor...
2/27/2009SCHEDULES FORM 10 FILING MARCH 2009.
2/9/2009 Expansion of Milling Circuit
1/27/2009Updates Melba Mill Progress
1/16/2009Provides Update on Operations
1/5/2009Announces 2009 Business Plan
12/4/2008MEETS OBJECTIVES OF 2008 BUSSINESS PLAN
11/26/2008Reports ALL Necessary Components in Place at Company's Mill ...
9/17/2008Announces ?Belle Peck? Rock Face Reached
8/28/2008ANNOUNCES NEW HEADQUARTERS IN NEW YORK CITY
8/22/2008Earnings Estimates
8/13/2008Detailing Progress on the War Eagle Project
7/24/2008POSSIBLY DISCOVERS NEW MINERAL ZONE DURING ANIMAL RESCUE
7/24/2008MOVES FORWARD WITH S-1 REGISTRATION
7/16/2008REPORTS TAILING TONNAGE TO BE MOVED
7/14/2008REPORTS ON BEGINNING OF ORE TRANSPORT
6/17/2008Reports on Road and Pending Assays
5/21/2008Historical Geology Report on Silver Falcon Mining's (SFMI) W...
5/5/2008 Granted Additional Mining Rights, Report Indicates "Hot-Zon...
3/25/2008Scheduled Server Maintenance Period
3/20/2008Engages RMS Ross Corporation for Mill Site Construction
2/15/2008Moves Forward With Registration
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