Okay with the mold release, you spray the actual miniature before you pour the silicone to help get the master out of the split mold.
With split molds, you attach the reservoir and sprue piece to the item. Attach it with a small dab of glue so when you bend the mold side to side the connection breaks and you can pull the sprue reservoir out. Then you use a razor to cut open the mold.

This is a cast piece i have. you can see the reservoir and if i move them around especially in the mold the ship hull will come apart from the overflow. (in case you can't read my writing from top to bottom, reservoir, sprue, item)

The mold walls are the box around the item to be cast, you want to make sure the item is fixed in place somehow the silicone can push it around.

A side on look the plastic in the back is supposed to be a wall you want it to go over the end of the item atleast a quarter inch probably more but i'm no pro the ones that know can correct my errors.
Then the tricky part is to cut open the mold using the hook xacto head, i hear this is standard. I myself thought oh i can do a straight exacto and i ended up damaging the detail on the inside of my molds. I've only made 3 split molds and they where all at the same time of super small items with overlapping details. I hated it, I will be doing a split mold for bigger items though the small parts turned me off.