SILVER FALCON MINING (SFMI)
Announces 2009 Business Plan.
New York, NY -- (MARKET WIRE) -- 01/05/09 -- Silver Falcon Mining, Inc. (OTCBB:SFMI.PK - News) begins working on its 2009 business plan, approved by its Board of Directors.
War Eagle Mountain is a Gold and Silver rich property where Silver Falcon Mining, Inc. has the developmental and operating rights to 17 deep-shaft mines covering the Mountain’s primary epithermal Gold and Silver producing veins. At the beginning of the year, the property under contract covers approximately 1,500 acres.
The business plan provides for the following:
Working the mill on a double shift schedule and increasing the output tonnage through the addition of a larger ball mill to be installed parallel to the existing one as well as installing a larger Falcon Concentrator to multiply the precious metals output.
Bring to the mill sufficient ore from the tailings pile to guarantee the increased production for 24 months production of Gold and Silver.
In accordance with our operating contract with GoldCorp Holdings, Co., open up one more shaft on the property and prepare it for further activity.
Establish a large permanent mill site at the Sinker Tunnel Entrance thus eliminating present transport and road maintenance cost.
Dedicate 15% of the net smelter returns to a buyback plan of its common “A” stock.
Start permitting process to do underground mining in the Sinker Tunnel so as to allow year round operation to go on.
A core drilling program for an evaluation of reserves on the mountain.
Mr. Pierre Quilliam, President of Silver Falcon Mining, Inc. said, “Again we have laid out an ambitious plan and now that we have a cadre of competent and dedicated associates under contract, we are very excited at the prospects laid out before us. Thanks to the selfless dedication of our employees and contractors, we look forward to a very rewarding year in 2009 both financially and operationally.”
Further Information contact Rich Kaiser, Investor Relations, YES INTERNATIONAL 800-631-8127; www.silverfalconmining.com .
Silver Falcon Mining cautions that 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.
ENDS
Investor Relations
Yes International Ltd.
Attn: Rich Kaiser
3419 Virginia Beach Blvd., #252
Virginia Beach, VA 23452
Tel: 757-306-6090 |
