Silver Falcon Mining (OTCBB: SFMI) announced its Quarterly Report (10-Q) on Tuesday, May 15th. SFMI projects from financial calculations a profit of $4,500,000 from gold and silver being generated from processed tailings at the Diamond Creek Milling facility. As previously stated, the financials are based on daily assays of the mill feed average of 4.38 g/ton of gold and 16.44 g/ton of silver. Currently the company has on site approximately 30,000 tons of partially processed ore containing high yield precious metal values.

Pierre Quilliam, CEO, stated, "We, as a Company, continue to make consistent strides towards maximizing profits and quantifying current assets. We are pleased that the financials have validated values on existing processed materials, and look forward to the further reprocessing of material to generate higher yields with our planned forthcoming closed circuit leaching system ."

Mr. Quilliam further states, "The nature of mining is to say, it just can't be done or someone would have done it already. This attitude, mixed with the technological limitations of the last 100 years, has kept War Eagle Mountain un-mined for decades. We have dared to believe in the value of War Eagle Mountain and have been lucky enough to be surrounded by an incredibly supportive shareholder base. Most mining operations organize themselves around claims, and then sell them off to large outfits on the potential value, leaving all the profit to be made by the large corporations

(0)

(0)

Investors Hangout

Whats Hot