Silver Falcon Mining, Inc.'s (SFMI) Diamond Creek Mill Reports Increase in Gold Ore Processing Rates
10:45 AM ET 7/1/10 | Marketwire
Silver Falcon Mining, Inc. (OTCBB: SFMI) announces an update on its 100% owned Diamond Creek Mill Facility, located in Murphy, ID.
Based on the composition of the ore, the current run-rate has been established at 140 tpd (tons per day). The mill engineer has confirmed that the host rock, containing gold and silver mineralization, softened due to extensive weathering from its years of environmental exposure. Since the mill feed composition is softer than expected, the Diamond Creek Mill can crush and process throughputs faster and less expensively.
SFMI purchased a complete mill circuit designed in 2008, which contains a number of technologically advanced modern components. This mill design enhances the production of ore at maximum efficiencies. At capacity, the mill circuit design can handle up to 500 tons per day which can be obtainable upon the addition of a few other components.
Noteworthy, The Company has transported only a small portion of the historic War Eagle Mountain tailings to its mill for processing. There remains hundreds of thousands of tons of tailings left over from the last mining production in 1903.
Pierre Quilliam, CEO, states: "The mill is running extremely well and we are increasing the throughput rates on a weekly basis. I am excited by the results so far at our Diamond Creek Mill facility. As more results from operations become available, we intend to share the data with our shareholders."
Silver Falcon Mining, Inc. is a company specializing in exploration, development, and extraction of high-grade gold and silver ore from mining properties in North America.
Further Information contact Rich Kaiser, Investor Relations 800-631-8127, 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.
Contact:
Rich Kaiser
Investor Relations
800-631-8127
SOURCE: Silver Falcon Mining, Inc.
