SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June 14, 2011
SILVER FALCON MINING, INC.
(Exact name of registrant as specified in its charter)
7322 Manatee Avenue West, #299
Bradenton, Florida 34209
(Address of principal executive offices) (Zip Code)
(Registrant's telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
|_| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
|_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
|_| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4c))
Section 8 - Other Events
Item 8.01 - Other Events
Silver Falcon Mining, Inc. (the "Company") issued a press release, dated June 13, 2011, entitled-"Silver Falcon Mining, Inc.'s (SFMI) CEO Releases Milling Assays and Updates its $7.2 M Funding Arrangement. "
The press release is in its entirety below:
SILVER FALCON MINING, INCs. (SFMI) CEO Releases Milling Assays and Updates its $7.2M Funding Arrangement
Bradenton, Florida- June 13, 2011 - Silver Falcon Mining, Inc. (OTCBB; SFMI) is very pleased to report on four random assays on the material mill feed at its Murphy, Idaho, 100% owned Diamond Creek Mill facility. The assay reports on the tables below.
The Company, also reports on the filing of its Form S-1, finalizing the initial steps of its $7.2 million equity agreement with Centurion Private Equity, LLC.
Table #1-Throughput Feed
Four Random Assays of Tailings Fed (FEED) to the Mill on the Listed Dates
NOTE: Gold and Silver grades (Au and AG) are expressed both as a percentage and in grams. Samples are collected at set times during the day and night shifts. As can be seen above, quantities of precious metals vary greatly from day to day as can be expected in tailings that were dumped haphazardly more than a century ago.
Table #2-Concentration Outputs*
Four Random Assays of CONCENTRATE from the Mill on the Listed Dates
NOTE: It should be noted that the sampling above represent ONLY a spot check of the concentrate accumulated daily. Only upon smelting of this material will the quantities of BULLION DORE produced, provide accurate contents of Gold and Silver.
*Since our closed circuit milling process keeps material in circulation in the mill until the concentrator removes the precious metals and sends them to the concentrate tank,we cannot precisely gauge the amount of Gold and Silver as separate items until the concentrate reaches the smelting process.
Every time I look at the performance of the market and look back at the assays coming out of our onsite laboratory, I am nonplussed at the market reaction to what is, in my opinion, an unqualified success, given the fact that we are processing 100 year old tailings from which Gold and Silver had already been extracted. Comparing ore extraction methods at that time, to that of today's standard, they were less than 60% efficient. It is a testament to both the exceptional quality of original ore content of precious metals and our employees ability to extract the amount of gold and silver left in those tailings; this should be even more apparent as we move towards production of precious metal from the ore contained in the underground veins, said Pierre Quilliam, CEO of SFMI.
He further states,The mill circuit, as configured, will allow SFMI to create capital from the sale of ore, as well as ready the whole production line to handle prime ore from the underground veins of the War Eagle Mountain property. Our near-term efforts include augmenting our production capacity to produce more gold and silver from the old tailings atop War Eagle Mountain and our long term efforts in the identification, exploration, development, and extraction of the ore bodies remaining inside the mountain.
On March 11, 2011 the Company announced it secured a $7.2 million equity purchasefunding Commitment from Centurion Private Equity, LLC, an Affiliate of Institutional Investor Roswell Capital Partners. SFMI filed, on June 3, 2011 an S-1 registration with the United States Securities and Exchange Commission regarding this equity agreement with Centurion Private Equity, LLC.
On behalf of the Board of Directors of Silver Falcon Mining, Inc.:
SFMI cautions that the statements made in this press release constitute forward-looking statements, and makes no 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.
In accordance with the requirements of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.