Santa Fe Gold

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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Report File: 

Beacon_Rock_SFEG_3-30-2011.pdf

Santa Fe Gold Corporation (OTCBB: SFEG) announced December 7, 2009 continuing progress toward completing the tailings dam at its Banner mill near Lordsburg, New Mexico. The tailings dam is the final item requiring completion to move into production of silver and gold in early 2010. The Banner mill will process high-grade silver-gold ore from the Summit mine near Duncan Arizona. The mill is initially scheduled to process 400 tons per day. The mill has two flotation circuits which provide additional capacity for increasing its processing capability to 800 to 1,000 tons per day.

We recently visited Santa Fe Gold Corp.’s Summit Silver-Gold Mine located in southwestern New Mexico near Duncan, Arizona and its processing facility in Lordsburg, New Mexico. This was our fourth visit to the project over the past three years and we are pleased to see the project reaching production as we previously envisioned. We were again impressed with the preparation for production and the excess capacity for the mill to exceed scheduled production.

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Report File: 

SFEG.update.09.18.11.pdf

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Santa Fe Gold has successfully relocated a mill from Winston to Lordsburg, New Mexico to process gold-silver ore from its Summit Mine near Duncan, Arizona. As scheduled the Lordsburg mill is expected to process only about 400 tpd, as seen in the video, the mill has two flotation circuits with the ability to expand capacity. Processing is scheduled to commence upon permitting and completion of a tailings dam.