Newzzzzz.SILVER FALCON MINING INC (U-SFMI) - News Release
Silver Falcon Mining, Inc. (SFMI) Registers Sinker Tunnel Claims With USA Bureau of Land Management
2009-05-07 09:27 ET - News Release
MELBA, ID -- (MARKET WIRE) -- 05/07/09
Silver Falcon Mining, Inc. (PINKSHEETS: SFMI) announced that its Sinker Tunnel "QuitClaim Deed" transaction, as of September 21, 2008, has now been registered, without issues, with the US Bureau of Land Management (BLM).
In the Company's announcement October 3, 2008, management purchased from MINERAL EXTRACTION, CO. (MINEX), an Idaho Corporation, 4 mill sites and two lode claims plus the quitclaim which includes the famous Sinker Tunnel. These registrations cover areas located in Township 5 South, Range 3, West of the Boise, Meridian, Carson and French Mining District, Owyhee County, Idaho.
The Company further reports that it has added upgrades within its milling facility. Tin protective paneling is being installed to cover the old interior ceiling. Other fire proofing and fire preventive systems/devices are being installed throughout mill's interior square footage. The Company is purchasing a new 45ft X 10ft modular mill office, furnished with internal facilities/amenities. Also, the removal of a storage area, in the mill will be replaced with new suite of rooms to accommodate the break room and bathroom room intended for the Company's employees as per MSHA rules. The majority of the renovation work at present is within the confines of the mill building. Mill circuit equipment needed to be removed and temporarily placed outside in order for work crews to move freely within the building.
Pierre Quilliam, CEO, Silver Falcon Mining, Inc., states, "This registration at the BLM of the claims obtained late fall 2008, clears up any oversight that might have occurred during this outright purchase of the quitclaim and the Sinker Tunnel. The Company continues to move forward effectively with all Company operations, whether they be administrative, milling and/or mining."
Management's acquisition of the Sinker Tunnel claims and the subsequent registration, as such, and building renovations to its mill site, have been value added positions to SFMI and its shareholders.
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.
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