PHOENIX, June 30, 2011 (GLOBE NEWSWIRE) -- Silver Horn Mining Ltd. (OTCBB:SILV) is pleased to announce the acquisition of the "76" silver mine, located less than 50 miles northwest of Phoenix in Yavapai County, Arizona. The property consists of 35 unpatented mineral claims (totaling approximately 700 acres).
The "76" mine property lies within the historic Tip Top Mining District, which is noted to be one of the most successful silver producing districts in Arizona's rich mining history. Historic mining is restricted to a series of mineralized exposures underlying only a small portion of the claims. Additional exploration potential exists along surface outcrops over the entire length of the property.
Silver Horn is currently planning an exploration program consisting of sampling, mapping and assaying to determine potential targets for drilling and further development.
CEO, Dan Bleak stated, "The acquisition of the '76' Mine is an exceptional opportunity for Silver Horn in that it meets our requirements of being a past producer within a known resource district. We look forward to initiating exploration on the property to identify targets for future exploration and potential resource quantification."
About Silver Horn Mining Ltd.
Silver Horn Mining Ltd. ("Silver Horn") is a mining and resources company focused on exploring and developing mineral resources, with an emphasis on silver. Silver Horn's corporate strength lies in its management's expertise in the natural resource industry. Silver Horn will target and acquire projects with previous production and/or exploration and work towards fully developing those projects to build core reserves and drive revenues.
Safe Harbor Statement
Except for the statements of historical fact contained herein, the information presented in this news release constitutes "forward-looking statements" as such term is used in applicable United States and Canadian laws. These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. Any other statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects" or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans, "estimates" or "intends", or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact and should be viewed as "forward-looking statements". Such forward looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such risks and other factors include, among others, the actual results of exploration activities, variations in the underlying assumptions associated with the estimation or realization of mineral resources, the availability of capital to fund programs and the resulting dilution caused by the raising of capital through the sale of shares, accidents, labor disputes and other risks of the mining industry including, without limitation, those associated with the environment, delays in obtaining governmental approvals, permits or financing or in the completion of development or construction activities, title disputes or claims limitations on insurance coverage. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements contained in this news release and in any document referred to in this news release.