The funding must be in place?

SILVER FALCON MINING, INC. (SFMI)
STARTS DRILL PROGRAM.

Murphy, Id. -- (MARKET WIRE) -- 07/17/12 -- SILVER FALCON MINING, INC. (SFMI.OTCBB) announces that the “Sinker Tunnel Drill Program” is underway. Financing, sufficient to allow for the reopening of the Sinker Tunnel and the beginning of an underground drilling program, has been received and further contributions have been pledged for the support of this planned 14 month drilling program. Contracts for the work inside and outside the Sinker Tunnel will be awarded in the shortest possible time frame. Details on funding terms will be available in forthcoming US SEC filings.