BRADENTON, FL -- (MARKET WIRE)
� 05/05/08 --Silver Falcon Mining, Inc.
(OTCBB: SFMI.PK - News)
announces an additional mining lease grant for 1,700 acres from Gold
Corp. Holdings, Inc. This additional lease has been added to the
amended mining lease agreement, as reported on April 21, 2008, at no
additional earn-in cost. Silver Falcon, under 15 year contract, has
the mining rights to extract gold, silver and other minerals on War
Eagle Mountain, Idaho.
Prior to this agreement, Gold Corp. shared reports with SFMI�s
management on this additional acreage.
An analysis of War Eagle Mountain was written by Barrett Cupp, at
the time a Senior Geologist for Kinross Gold Co., which states,
�Should exploration be initiated on War Eagle Mountain, I would
fully expect them to encounter high grade silver and gold
mineralization. The veins in the Mountain have not been fully
exploited with respect to length or depth. My experience in the
district caused my opinion to be very favorable toward the War Eagle
Mountain target and any new exploration ventures should be focused
on War Eagle Mountain if a large scale project is the desired goal
in this mining district.�
An independent drilling program was also conducted by Nerco,
Inc., and a �Hot-Zone� was discovered as a result of a structural
study based on color air photos. This report states, �A prominent
east-west lineament was observed. A total of 49 holes were drilled
in the areas between the Poorman Vein, the Afterthought Vein, and
the Cornice Basin (Cornice Zone), with samples taken at 5-foot
intervals. A majority of the drill-holes intersected mineralized
zones, ranging from 5� 45 feet in width. Gold and Silver content
ranged up to .62 opt Gold and 8.48 opt Silver per ton. Considering
the random pattern in which the holes were drilled, and the
intervals of samples, exploration has succeeded in demonstrating the
potential for medium-to-high grade underground deposits to be
excellent.�
Mr. Pierre Quilliam, President of Silver Falcon Mining, Inc.,
said, �We are definitely excited with the attention that War Eagle
Mountain has attracted from the mining communities and we have
determined that it would be in Silver Falcon Mining�s and the
shareholders� interest to accept these additional mining claims to
the contract.�
A map of these additional claims can be found at 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