BRADENTON, FL, Aug 02, 2011 (MARKETWIRE via COMTEX News Network) --
SilverFalcon Mining, Inc. (OTCBB: SFMI) proudly reports that on July 28th,2011, The Company smelted 14 lbs. of super concentrate which resulted inits first555 grams (approximately 17 troy oz.'s) of Bullion Dore that was castand taken to a secure location for later shipment and sale to anoverseas refinery. This marks completion of the commissioning of itsDiamond Creek Mill facility in Murphy, Idaho and the start of regularproduction of Gold and Silver ingots as revenue producing material. Thisis a milestone for the Company, as well as for the War Eagle Mountainarea, which last reported precious metal smelting occurred over 100years ago.
The first Bullion Dore produced weighted 555 gramswith a 65% Gold (Au) and 35% Silver (Ag) content (view picture atwww.silverfalconmining.com). Smelting will nowcontinue on a regular basis and receipts from the refinery will beadded to SFMI's revenues and reported in their filings of 10-Qs and10-Ks. Once the Company's smelter building has been completed and otherequipment installed, SFMI will be pouring 40 lbs Bullion Dore bars.
Giventhe success of the Diamond Creek mill, management has decided to expandits size, both in the actual footprint and the production line. Effortsare underway to find and acquire a larger ball mill to be installed intandem with the existing production line, as well as another "FalconConcentrator" which will allow SFMI to more than double production inthe next twelve months.
"This pour was a very exciting andinvigorating event for all of us involved in the managing and working ofthe Diamond Creek Mill. I know the deep seated satisfaction felt byevery one of our employeesas they realize that their combined efforts made this success possibleand I wish to thank them from the bottom of my heart," said PierreQuilliam, CEO of SFMI. He further stated, "I also take the opportunityto thank our shareholders whose confidence and support allowed us to goforward in this endeavor. As I related before, the mill circuit, asconfigured, will allow SFMI to create capital from the sale of BullionDore, as well as ready the whole production line to handle prime orefrom the underground veins of War Eagle Mountain. Our near-term effortsinclude augmenting our production capacity to produce more gold andsilver from the old workings on War Eagle Mountain and our long- termefforts go towards the identification and the extraction of the orebodies inside the mountain."
About Silver Falcon Mining, Inc.SFMI has mineral rights to approximately 2,000 acres on War EagleMountain in southern Idaho. Its Diamond Creek Mill is situated at thefoot of War Eagle Mountain and is serviced by 6.2 miles of paved roadsfrom State Highway 78. It maintains year round access to the SinkerTunnel which will facilitate underground mining of the rich veinscrisscrossing the mountain. The Company employs from a local and skilled mining oriented workforce.
On behalf of the Board of Directors of Silver Falcon Mining, Inc.:
Pierre Quilliam, Chief Executive Officer
Forfurther information, contact Mr. Richard Kaiser, Investor Relations,757-306-6090; email: rich@yesinternational.com and/orwww.silverfalconmining.com.
Silver Falcon Mining, Inc. cautionsthat the statements made in this press release constituteforward-looking statements, and makes no guarantees of futureperformance and actual results or developments may differ materiallyfrom the projections in the forward-looking statements. Forward-lookingstatements are based on the estimates and opinions of management at thetime the statements are made.
Contact: Rich Kaiser Investor Relations 800-631-8127