Silver Falcon Mining

Quote: Anyone guess what would be the exciting new discoveries found throughout shafts and veins of War Eagle Mountain?

Here are some hints about possibilities from the press releases. Let's start with some quotes about the Sinker (bolding mine):

Quote: On October 9th, 2008, Silver Falcon Mining, Inc. completed acquisition of the assets of Mineral Exploration Company of Idaho (MINEX). Amongst the assets were the Sinker Tunnel complex on War Eagle Mountain, giving SFMI year round access to the Oro Fino and the Poorman precious metal veins on the mountain and enabling us to drill into our various shafts and adits impervious to the weather vagaries on the mountain. Other notable items were 2 shafts drilled above the sinker tunnel and accessible with little efforts from the tunnel.

Quote: In 1902, the Oro Fino-Golden Chariot vein was intersected deep inside the Mountain.

Quote: Apparently, adequate surveying had not been made to determine the position of the tunnel with respect to the base of the old shafts. Subsequent operations were a blind groping for the old workings above. At this time the top of the raise must have been about 400 feet below the bottom of the Ida Elmore shaft, and only 150 feet, or thereabouts, below the Golden Chariot, although their relative positions in the horizontal plane was not determined.

Shortly afterward the enterprise was suspended without further work. In the 1920s, a lease on the project was acquired by the Sinker Tunnel Mining Co., of Nampa, Idaho, and exploration of the tunnel was inaugurated.

Drifts were driven on two veins, and a third was disclosed by an extension of the tunnel so that the total exploratory work on this level was about 2,600 feet.

So inside the Sinker, whose purpose was to connect to the other tunnels and shafts, we already have an intersection with the Oro Fino and Golden Chariot veins, that historically averaged over 1 and 3 oz/t. And drifts (side tunnels) were started into at least three veins- so there must be at least one more vein intersection, maybe three, depending on whether those drifts included the Oro Fino and Golden Chariot veins. And if the Sinker hits the intersection of any of the numerous veins, it may be a real hot spot.

Quote: The Illinois-Central veins, on War Eagle Mountain, produced some of the highest gold and silver returns per ton in the late 19th century and have not been mined consistently since that time. Ore mined late in the 1800’s was reported to be 3.6 oz per ton.

Quote: 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

The ore dumps at the Illinois-Central alone should be excellent, but 16 oz/t inside? Even for small areas, that's bonanza grade. The Illinois Central mines averaged over 3.5 oz/t historically.

Quote: 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."

Quote: Mr. Tully added, “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 veins. These structures showed mineable width indications of mineralization, with results of 1,000 ppm of Gold, or 660 g/t Gold (23.27 oz Gold/ton). It is concluded that the War Eagle Mountain property is an excellent exploration bet in a favorable geological environment for discovering additional and new deposits of precious metals, in addition to mining of the existing deposits.”

23 oz/t!!! I think I'd do some more drilling in that area...

Quote: At the rock face of the “Belle Peck,” an 8 to10-foot wide vein structure is evident. The structure contains multiple mineralized sulphide stringers with visible disseminated mineralization between them.

Quote: Mr. Pierre Quilliam, President of Silver Falcon Mining, Inc., said, "Nowhere in the technical papers regarding the ‘Poorman’ mine had we seen references to the size of the veins that had been worked in the late 1800s; only references pertaining to the quality of the ore. We were not prepared, and were quite awed by the overall dimensions of the rediscovered veins; veins that have not been seen for over 130 years. The currently 'uncovered vein structures are stringers of the ‘Poorman’ main vein. The Company will continue to explore deeper into this adit, sampling these stringer vein structures as progress is made, until the main ’ Poorman’ vein is reached.”

The Poorman averaged 2 oz/t, and was one of the most productive mines in North America. Now you know why.

Quote: The vein structures on War Eagle Mountain clearly extend to depth, and without any evidence of diminishing ore values. The deepest veins discovered, so far, extend to the 610 meters (2,000 foot) level and show values of 64 g/t Gold (2.5 oz Gold/ton) over 2.7 meter (9-foot) widths. We are extremely pleased with the drilling results to date.

Again, indications of bonanza grades over huge distances...

Quote: The adits survey performed by D.A. Yeager and C.K. Ikona of Pamicon Developments, Ltd. states: "Limited mapping and samplings were carried out in various underground workings to try and identify any potential ore zones or areas warranting intensive exploration. Veins were sampled where they were obviously mineralized and no attempt was made to sample at the short intervals commonly used to block out ore reserves, as this type of sampling was beyond the scope of this program. However, two groups of samples taken were extremely interesting in their content:

Keystone Adit: 63 g/t Gold (2.2 oz Gold/ton) 1,109 g/t Silver (39.1 oz Silver/ton)
Illinois Central Adit: 477 g/t Gold (16.9 oz Gold/ton) 3,180 g/t Silver(112.2 oz Silver/ton)"

Quote: An ore analysis was reported by D.A. Yeager, and C.K. Ikona, of Pamicon Developments, Ltd. "Investigations indicate at least one year's reserves in place at the bottom of the Illinois-Central; with ore indications of 11,205 tons @ 103 g/t Gold (3.6 oz Gold/ton)," wrote Mr. Yeager.

Check out what any other company is calling "good" or "mineable" or even "bonanza" grades. These numbers will compare favorably to anything around. And think what a systematic program of drilling with modern methods and better understanding of the geology will turn up.

So those discoveries mentioned in the PR could be just about anything, and will probably be quite good...