SILVER FALCON MINING (SFMI)
REPORTS TAILING TONNAGE TO BE MOVED
BRADENTON, FL -- (MARKET WIRE) -- 07/14/08 -- Silver Falcon Mining, Inc. (OTCBB:SFMI.PK - News) today released the results of tonnage calculations, conducted by one of their contractors, on 13 tailings on War Eagle Mountain.
Belle Peck Pile : 30,000 tons
Belle Peck Landing Pile : 40,000 tons
Oso Pile : 15,000 tons
South Poorman # 1 Pile : 7,000 tons
South Poorman # 2 Pile : 4,000 tons
North Poorman # 1 Pile : 10,000 tons
North Poorman # 2 Pile : 2,000 tons @ 3.3 g/ton Gold and 94.5 g/ton Silver
Jackson Pile : 18,000 tons
Illinois Central Pile : 20,000 tons
Empire Pile : 25,000 tons
Silver Cord # 1 Pile : 3,000 tons
Silver Cord # 2 Pile : 8,000 tons
War Eagle Pile : 20,000 tons @ 6.9 g/ton Gold and 50.9 g/ton Silver
For a total tonnage of 202,000 tons of tailings.
Mr. Pierre Quilliam, President, stated that, "This exceeds our previous assessment and based on the results of the analysis done on some of the tailings above, by Met-Solve Labs. Since the sample analyzed was from a random selection of the surface of the tailings pile, the average value in the waste reserves could be higher than the tested samples. Based upon these sampling results, we look forward to receiving future reports on the more valuable ore from other samples which are presently at the lab for assays."
Management will be reporting on additional tonnage on the remaining tailings as they become available. All tailings will be transported to the Company's mill in Melba, Idaho for milling production.
BRADENTON, FL -- (MARKET WIRE) -- 05/05/08 -- Silver Falcon Mining, Inc. (OTCBB:SFMI.PK - News) announces an additional mining lease grant for 1,700 acres from Gold Corp. Holdings, Inc. This additional lease has been added to the amended mining lease agreement, as reported on April 21, 2008, at no additional earn-in cost. Silver Falcon, under 15 year contract, has the mining rights to extract gold, silver and other minerals on War Eagle Mountain, Idaho. Prior to this agreement, Gold Corp. shared reports with SFMI’s management on this additional acreage.
An analysis of War Eagle Mountain was written by Barrett Cupp, at the time a Senior Geologist for Kinross Gold Co., which states, “Should exploration be initiated on War Eagle Mountain, I would fully expect them to encounter high grade silver and gold mineralization. The veins in the Mountain have not been fully exploited with respect to length or depth. My experience in the district caused my opinion to be very favorable toward the War Eagle Mountain
target and any new exploration ventures should be focused on War Eagle Mountain if a large scale project is the desired goal in this mining district.”
An independent drilling program was also conducted by Nerco, Inc., and a “Hot-Zone” was discovered as a result of a structural study based on color air
photos. This report states, “A prominent east-west lineament was observed. A total of 49 holes were drilled in the areas between the Poorman Vein, the Afterthought Vein, and the Cornice Basin (Cornice Zone), with samples taken at 5-foot intervals. A majority of the drill-holes intersected mineralized zones, ranging from 5– 45 feet in width. Gold and Silver content ranged up to .62 opt Gold and 8.48 opt Silver per ton. Considering the random pattern in which the holes were drilled, and the intervals of samples, exploration has succeeded in demonstrating the potential for medium-to-high grade underground deposits to be excellent.”
Mr. Pierre Quilliam, President of Silver Falcon Mining, Inc., said, “We are definitely excited with the attention that War Eagle Mountain has attracted from the mining
communities and we have determined that it would be in Silver Falcon Mining’s and the shareholders’ interest to accept these additional mining claims to the contract.”
Silver Falcon Mining, Inc. (SFMI) Announces “Belle Peck” Discovery
BRADENTON, FL -- (MARKET WIRE) -- 06/25/08 -- Silver Falcon Mining, Inc. (OTCBB:SFMI.PK - News) announced the discovery of the “Belle Peck” adit on War Eagle Mountain.
The long-lost “Belle Peck” adit was rediscovered after 100-plus years of being lost due to avalanches, cave-ins and encroaching vegetation. The “Belle Peck” adit is one of two adits that lead horizontally to the world renowned “Poorman” silver mine, War Eagle Mountain, south of Boise, Idaho. The “Oso” adit, another important adit, has not yet been located and is presumed to be buried under 20-30 feet of overburden material.
The “Belle Peck” adit is the lower of the two adits leading to the “Poorman” silver mine, entering the “Poorman mine”, at about the 800-foot depth level. The “Oso” adit enters the “Poorman” at about the 400-foot depth level.
Mr. Pierre Quilliam, President of Silver Falcon Mining, Inc., said, “The discovery of the ‘Belle Peck’ adit is an exciting and major find for the Company. Silver Falcon is in the process of letting out contracts for the clearing of the overburden which prevents easy access to the rock face entrance to the mine. SFMI’s onsite personnel has begun marking and preparing the site for excavation to reopen the ‘Poorman Mine.’ Noteworthy, the ‘Poorman Mine’ was the richest gold and silver mine in the world, having produced the biggest silver nugget (800lbs) in the world.”
SILVER FALCON MINING (SFMI)
ANNOUNCES MINEX ASSET ACQUISITION MEMORANDUM
BRADENTON, FL -- (MARKET WIRE) -- 10/03/08 -- Silver Falcon Mining, Inc. (OTCBB:SFMI.PK - News) announces today the signing of a memorandum of agreement to purchase all of the
assets of Mineral Extraction Company (Minex).
Part of those assets, namely the SINKER TUNNEL complex, will give us access to the workings of all of our tunnels and shafts on a year round basis, as well as allowing us to mine both the ORO FINO and POORMAN veins, from the face of the rock. Considering that the snow situation is very manageable at the altitude where the tunnel surfaces, our presence on the mountain will now be on a twelve month basis.
The SINKER tunnel bores a straight line for a distance of nearly 2 miles through the hearth of the mountain and will be used both to access our different shafts and adits as well as give us ample opportunity to enlarge a chamber inside the mountain to put in a substantial mill capable of milling hundreds of tons of ore per hour. The ore to feed this mill will be mined and transported inside the mountain to our milling plant protected from the vagaries of the weather.
SILVER FALCON MINING (SFMI) RELEASES ADDITIONAL INFORMATION FROM HISTORICAL DRILLING RESULTS.
New York, NY -- (MARKET WIRE) -- 04/23/09 -- Silver Falcon Mining, Inc. (OTCBB:SFMI.PK - News) again released information from another historical report written in 1998. This recap on historical drilling results determined extremely high grade gold intercepts between the Poorman Mine’s north and south shafts.
Donald W. Tully, P. Engineer on April 14, 1998 recapped the drilling report as follows:
“The Drilling Program was done with a large rotary down-hole-hammer drilling machine which was capable of drilling both vertical and angle holes. Samples were taken at five foot intervals. Five angle holes, totaling 2,245 feet, were drilled in the Oro Fino area. Two angle holes, totaling 1,025 feet were drilled in the Keystone/Illinois Central area. Three vertical holes, totaling 685 feet were drilled in the Cow Cornice Basin area. This was a limited exploratory program. The two holes that were drilled in the Keystone/Illinois Central and North Empire zones of the Central Vein System on the Mountain, approximately midway between the North and South shafts of the Poorman Mine, struck extremely strong new vein structures. These structures showed 1,000 ppm in Gold (23.86 oz Gold / Ton). Obviously, connecting the Sinker Tunnel to the Poorman Mine, thru this particular area, may yield unexpected results."
Management cautions that this report is over 10 years old but once again believes that War Eagle Mountain contains numerous high-grade ore bearing zones.
Pierre Quilliam, President, states, “This report was contained in numerous piles of files after acquiring the Sinker Tunnel claims. This information contains an extraordinary and exciting gold bearing ‘hot-zone’ within the Poorman claim.”
He further states, “Because this gold/ton figure appears to be extremely rich in geological terms, SFMI will conduct its own drill program to reconfirm the grades contained within this area.”
Even though this report is historical, it does provide the Company’s geologist with information, a template, as they move forward with an exploration/developmental mine plans.
SILVER FALCON MINING (SFMI) Reports Information From Historical Drilling Program on War Eagle Mountain.
New York, NY -- (MARKET WIRE) -- 04/21/09 -- Silver Falcon Mining, Inc. (OTCBB:SFMI.PK - News) Management discovers historical written recap over a past drilling program on War Eagle Mountain. This historical recap below states as follows:
Dated May 1, 1991 by D.B.Peterson - "The 1987/88 percussion drilling was concentrated on the main vein systems and the Cornice area and in and around a new zone, previously undetected, that is now known as the 'Hot Zone,' discovered as a result of a structural
study based on color air photographs. A prominent east-west lineament that extended from the Poorman vein system to the Afterthought system, at the southern end of the Oro Fino Vein
system, was observed and was tested, with excellent results. In 1989, NERCO drilled 25 percussion holes in the 'Hot Zone' and Cornice area, and in the area between them. The holes obtained several significant intersections. In 1990 NERCO drilled a further 18 percussion holes that were concentrated in the Cornice area and the Afterthought extension, the southern projection of the Afterthought vein. In the Cornice area, two significant intersections were obtained in hole #W73. Six holes were drilled on the Afterthought extension, two of which intersected excellent grades of gold over mineable widths. Hole #W75 was stoped in ore.
"Modern exploration has succeeded in demonstrating the potential for small, medium-to-high grade underground deposits to be excellent, as evidenced by the drilling results in the Afterthought Extension, the 'Hot Zone,' some of the peripheral areas such as holes #W49, #W51, and #W62; and, the stopes, adits, and unexplored areas of the existing shafts on War Eagle Mountain. In particular, the discovery of the 'Hot Zone' and the latter drill holes within the last three years in an area where no mineralization had previously been recorded, demonstrates the outstanding potential for further discovery that the property holds.
"Drilling in outlying areas, where there has been no previous record of mineralization, has been successful in intersecting high grade zones over mineable lengths. This indicates that the potential for further significant finds is excellent."
SPRING/SUMMER REPORT ON THE GEOLOGICAL HIGH GOLD/SILVER MINERALIZATION WITHIN ILLINOIS–CENTRAL ZONE.
Murphy, Id. -- (MARKET WIRE) -- 11/12/09 -- Silver Falcon Mining, Inc. (OTC:SFMI.PK - News)during 2009, has had its geology department conduct an ongoing investigation of the gold and silver mineralization of War Eagle Mountain. Through geologic reconnaissance and sampling, several locations around the mountain provided evidence favorable for locating mineable mineralized ore quantities.
War Eagle Mountain benefits from an epithermal gold and silver mineralization. The mineralization is structurally controlled by fissures, shears, fractures and fracture intersections though faulting within the granite. The main types of ore include quartz veins, quartz vein stockworks, massive quartz, quartz comb structures, and quartz gangue.
The ore bearing quartz veins cut the mountain at near vertical angles and seem to carry along for considerable distances with varying gold and silver assay results. The general alignment of mineralization is north to south along the east (Oro Fino) and west (Poor Man) faces on each side of War Eagle Mountain peak. A third zone of mineralization (Central) may crosscut the first two zones just south of the peak of War Eagle Mountain at approximately fifty degrees NW to SE. The valuable occurrences of these veins exist in series along several other veins.
The preliminary surface sampling and assayed results of the mineralized ore bearing quartz veins found within the Illinois-Central zone revealed the following (reported-ounces per ton (OPT)): Location Vein width (ft) Au (OPT) Ag (OPT)
Illinois Central .42 16.846 111.20
Pierre Quilliam, CEO States, “We are excited and cautiously optimistic about the Company’s geological evaluation as it continues and more values/assays will be reported as they become available. This report confirms the potential that this mountain could provide an extraordinary rich presence of precious metal mineralization and are consistent with historical reports in our possession. These new results, along with forthcoming drill intercepts from our future drilling program, will be plugged into our ‘RockWorks’ geological computer program as SFMI moves forward with its comprehensive
3-D mapping of the mineralized zones throughout War Eagle Mountain.”