Nice find Majorel.
Here's a direct link: link
$90k seems a bit low if the dore is 65% Au. If they're getting anywhere near $1700 for the gold, that's only about 53 oz, or 39%.
The article also says: SFMI "has also sent a second shipment, company officials said." Seems like this contradicts today's PR, unless they're not counting the test shipment.
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Mining company plans to explore old tunnel in Southwest Idaho
By Bill Roberts - broberts@idahostatesman.com
Published: 11/21/11
Silver Falcon Mining Inc., a Florida startup company with operations near Murphy, plans to start underground exploration on War Eagle Mountain in the Owyhee Mountains early next year.
The company put out a bid for drilling to probe for veins of gold and silver ore from the Sinker Tunnel, an old tunnel located about halfway up the mountain.
The drilling will also allow the company to build a computer model to assess the ore and develop a cost-effective method to extract it, said Rich Kaiser, Silver Falcon's investment relation's director.
Silver Falcon has been processing the waste left from century-old mining. It pulls gold and silver from the waste and forms it into an amalgam called dore (pronounced doe-ray). The company recently sold 136 ounces of the material to a refiner in Florida for about $90,000. It has also sent a second shipment, company officials said.
Bill Roberts: 377-6408
