At a ceremony on April 19, Silver Falcon Mining‘s President Pierre Quilliam declared the company’s Murphy mill facility opened. Management, local contractors, and other dignitaries attended the opening.
Silver Falcon bought the land, completed numerous site improvements, built a new road, constructed a new building and purchased machinery, including external and internal mill components. With the mill open, Silver Falcon can begin production of precious metals.
“This is a historic day for SFMI and its shareholders. I am excited by the results so far at our … mill facility and wish to thank those who helped plan and develop the site,” Quilliam said.
A small portion of the historic War Eagle Mountain tailings has been brought to the mill. Hundreds of thousands of tons of tailings remain left over from the last mining production in the early 1900s and priced at today’s current market are extremely valuable in ore content ready for extraction.
With the mill being operational, this mineralized ore will produce gold/silver which will be sold at prevailing commodity prices. This revenue, as such, will be used for operational expansion, intended stock buy-back program and intensive geological drilling atop War Eagle’s existing mineralized zones.
“Now, SFMI becomes a producer and the cash generated from the operation will move the company into its next stages of operation, mining War Eagle Mountain,” Quilliam said.
Silver Falcon Mining is a junior resource production company specializing in gold and silver properties. It has acquired rights to develop and operate the mines of GoldCorp Holdings on War Eagle Mountain in Owyhee Gold Trend of the Silver City Mining District in southern Idaho.