SILVER FALCON MINING, INC. (SFMI) Enters Into a Domestic Refinery Contract
BRADENTON, FL -- (Marketwire) -- 10/18/11 -- Silver Falcon Mining, Inc. (PINKSHEETS: SFMI) (OTCQB: SFMI) announces that it has entered into a supplemental refining agreement with Republic Metals Corporation, a US based refinery, for the analysis, refining, and purchase of SFMI's bullion dore. SFMI believes that Republic Metals will fill its needs for a domestic refining source, due to its advanced refining circuits, excellent management team, unwavering commitment to the environment, and green refining methods. Republic Metals is one of the largest primary precious metals refineries in the world.
A first shipment of bullion dore will be made in October and will initiate a revenue stream, added to SFMI's bottom-line. The Company will further announce particulars of this first shipment once SFMI receive its refinery payment.
Mr. Pierre Quilliam, CEO, SFMI stated, 'This first sale will serve as the launching pad for continuous revenue which will be inked, as such, in subsequent financial filings. I'm confident that proceeds from milling operations will enable SFMI to become less dependent on financial private placements. I'm thankful for all investors' commitments and interest in the Company's efforts to produce and sell a precious metal product at a profit.' He further states, 'Our geologists are exploring and studying the geology of the Sinker Tunnel and are proceeding with the drafting of the Canadian NI 43-101 instrument.'
About Silver Falcon Mining, Inc.
SFMI has mineral rights to approximately 2,000 acres on War Eagle Mountain in southern Idaho. Its Diamond Creek Mill is situated at the foot of War Eagle Mountain and is serviced by 6.2 miles of paved roads from State Highway 78. It maintains year round access to the Sinker Tunnel which will facilitate underground mining of the rich veins crisscrossing the mountain. The Company employs from a local and skilled mining oriented workforce.
On behalf of the Board of Directors of Silver Falcon Mining, Inc.:
Pierre Quilliam, Chief Executive Officer
For further information, contact Mr. Richard Kaiser, Investor Relations, #757-306-6090; email: rich@yesinternational.com and/or www.silverfalconmining.com.
Silver Falcon Mining, Inc. cautions that the statements made in this press release constitute forward-looking statements, and makes no 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.
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Contact:
Mr. Richard Kaiser
(757) 306-6090
