Silver Falcon Mining, Inc. (SFMI) Searches for Additions to Management Team
BRADENTON, FL -- (MARKET WIRE) -- 11/16/07 -- Silver Falcon Mining, Inc. (PINKSHEETS: SFMI) today announced the start of an active search for a new CEO and executive management team. Silver Falcon Mining, Inc. has the developmental and operating rights to (14) deep-shaft mines covering War Eagle Mountains' primary epithermal Gold and Silver-producing veins. War Eagle Mountain is in southern Idaho and has produced approximately 415,000 oz of Gold-equivalent to date, worth $270 Million.
The mines of War Eagle Mountain are adjacent to the open-pit Gold and Silver mines of DeLamar Mountain and Florida Mountain, each owned by Kinross Gold Co., and are south of Boise, Idaho, in the Silver City Mining District. The DeLamar Mountain open-pit operation of Kinross Gold, Co. produced approximately 67 Million oz of Silver, and 1 Million oz of Gold, worth $1.6 Billion.
Mr. Pierre Quilliam, President of Silver Falcon Mining, Inc., added, "We are actively seeking a new management team comprised of experienced mining production executives or retired mining industry individuals capable of taking the Company to the next level at War Eagle Mountain, and at the other projects currently in the Company's pipeline. Management experience in operating and bringing on-line a $50 Million plus yearly production facility is being sought. Current negotiations are underway, and a team is expected to be in place during 2008. Once the team has been assembled, I will relinquish my title as CEO, and the oversight responsibilities for day-to-day operations, to become Chairman/President of the Company."
Silver Falcon Mining, Inc. is an exploration and development Company specializing in high-grade Gold and Silver mining properties in North America.
For futher information about this SFMI release, contact Rich Kaiser, Investor Relations, YES INTERNATIONAL, 800-631-8127 and/or 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.
ENDS
Investor Relations
Yes International Ltd.
Attn: Rich Kaiser
3419 Virginia Beach Blvd., #252
Virginia Beach, VA 23452
Tel: 757-306-6090
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