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Santa Fe Gold Corporation (OTC Bulletin Board: SFEG.OB) Introductory Report
Santa Fe Gold Corporation (OTC Bulletin Board: SFEG.OB) is ramping up production of silver-gold concentrate, and smelter flux, from its Summit mine, and processed at its mill near Lordsburg, New Mexico. The Summit Mine, in southwestern New Mexico,near the Arizona-New Mexico border, has a silver gold resource consisting of a Probable Reserve of 686,750 tons grading 0.143g/t gold and 10.78 opt silver. While the reserves provide a mine life of six years, there is a significant opportunity to upgrade InferredResources, and define mineralization parallel and peripheral to the ore body. Santa Fe is also in process of completing acquisitionswhich could double mine life. As the Lordsburg Project moves into production, it is anticipated that there will be other opportunitiesfor potential acquisition or contract mining.
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