BRADENTON, FL--(Marketwired - Jul 15, 2013) - SILVER FALCON MINING, INC. (
Terms of the financing remain to be worked out, but the Company expects them to be favorable due to the high gold/silver contents in its material. Further information will become available when the Company finalizes these terms.
Work inside the Sinker Tunnel has been halted while the Company waits on the results of the above mentioned sampling.
Closed Circuit Leaching Unit
The Company is still negotiating toward a loan which will fully fund the building of the leaching circuit which was permitted by Owyhee County almost a year ago. These negotiations are on-going and management remains committed in receiving comprehensive terms for this leaching circuit. Management believes either current funding source negotiations or the aforementioned "Group" should facilitate funds for the Company.
About Silver Falcon Mining, Inc.
SFMI has mineral rights to approximately 1,300 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.
For further information, contact Mr. Richard Kaiser, Investor Relations, 757-306-6090 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.