SANTA FE GOLD ( SFEG - OTC )
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Rated #9 Jr Gold Miner In US
Commencement of Mining Operations at its Steeple Rock District Jim Crow Gold and Silver Min
The Golden Touch - Reopens Mine
| Accomplished
Investor, Business and Wealth Advisor to High Net Worth
Clients and Family Offices Nationwide Brian Adair Chairman
has taken a major position in Santa Fe Gold
We expect a re-test of the Feb highs and a BREAKOUT shortly.
Production is at hand and large buyers are stepping in.
Serious investors should place these shares on their BUY LIST and watch for a strong breakout.. - SEE REPORT |
Top ten US-based mid-tier and junior precious metals companies
Santa Fe Gold #9
Market cap: $30.39 million
Santa Fe
Gold (US-OTC: SFEG)
started mining operations at its Jim Crow gold and silver mine in
the historic Steeple Rock mining district of southwestern New
Mexico, at the end of April 2019. Initial production at the mine is
planned to be stockpiled at surface in preparation for shipment to
smelters in Arizona.
The Significance of Chairman Brian Adair's investment in Santa Fe
Gold SFEG Should not be underestimated
As can be ascertained from what is described below, Mr Adair is somewhat of an investment legend although also a very humble one, who does not brag about the fact he built up part of his half billion net worth from stocks.
Moreover,
it is further telling that currently his only holding is in Santa Fe
Gold, which says a lot as he has been building up his investment
position in SFEG over the past three years of the company's new
era Therefore, it may be helpful to pass on to your investors that
he helped fund NVR out of bankruptcy in the early 1990's with a
$1 Million
investment and received
one million shares at $1
when it
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From Northern Miner Article -
Santa Fe Gold Is Ranked Ninth in List of US Mid-Tier and Junior Gold Companies
A
Barometer of Progress to Date: Already Producing and Readying
Gold and Silver Ore for Shipment to Smelters, Santa Fe Gold was
Recently Ranked Ninth Among the Top 10 US based Mid-Tier and
Junior Precious Metals Companies
The Northern Miner, a Prestigious and Leading Mining Industry Trade Journal, in its August 8 2019 issue, lists Santa Fe Gold ninth among the top 10 US based mid-tier and junior precious metals companies
Chairman Brian Adair adds $600k investment in SFEG to $1 Million for 2019
ALBUQUERQUE, N.M., Aug. 21, 2019 (GLOBE NEWSWIRE) -- Santa Fe Gold (US-OTC: SFEG) began mining operations at its Jim Crow gold-silver mine in the historic Steeple Rock mining district of southwestern New Mexico in May and is currently producing and readying ore for shipment.
The company expects production from the Jim Crow mine will generate funds to finance development of its other mines in the district including the nearby Three Brothers mine, the adjacent Imperial mine, as well as the Bilalli mine, 6.4 km north of Jim Crow. Santa Fe Gold plans to have all four mines in production as rapidly as progress will allow and can be achieved.
In addition to its four past-producing mines in Steeple Rock, Santa Fe Gold has acquired five other historic silver mines: the Alhambra, Black Hawk, Silver King, Good Hope and Bullard’s Peak mines. These are covered by 13 patented claims and 83 unpatented claims in the Black Hawk district in Grant County, 24 km southwest of Silver City, in New Mexico. Santa Fe is reviewing development options for the assets.
Chairman Brian Adair Comments
Progress at our Jim Crow mine continues to impress. Having deftly acquired the Jim Crow and 10 other mines in the Steeple Rock district at the start of 2019, the company has wasted no time in bringing the first of these mines, the Jim Crow mine into condition for sustained production in just five months following acquisition.
Over the past three years, the company's strategy has been to take advantage of the lower prices of gold and silver and acquire as many high grade quality mines and deposits as economically viable.
The company has thus far managed to secure a portfolio of 148 mining claims covering some 42 potential mines and mine sites and is now intent on developing each mine at an attainable pace as it brings multiple mines into production one after another. Fortuitously, recent strong upsurges in precious metals prices and robust markets continue to increasingly benefit our business and value model.
Also, during this past three year era of accumulation and more recently production: At strategic intervals of achievement, I have periodically increased my own personal investment in Santa Fe Gold with increasing confidence at each milestone and improvement in the company's prospects.
Earlier this year, I added $400,000 more to the company at 8 cents per share for five Million shares and last week as the company began to raise significant amounts of ore to the surface, I elected to further increase my investment by and additional $600,000 at 8 cents, both times by private placement. This brings my total investment in Santa Fe Gold for the first eight months of 2019 to $1 Million and my overall investment in the company to more than $2.1 Million.
I am doing this with high confidence in Santa Fe Gold’s increasingly bright future and its ability to bring multiple additional mines into production over a relatively short period of time.
As Santa Fe Gold continues to grow and production increases further and new mines are brought on line and as other important objectives and milestones are reached, I may further increase my total investment in the company, both by private placement and possibly also by buying in the open market.
Once again, I would like to especially thank our mining and exploration team for their outstanding efforts in bringing Santa Fe Gold into production in minimal time and for their expertise and ongoing development work in advancing the preparation of the additional ten mines Steeple Rock and Billali Gold and Silver Mines that are scheduled for new production.
I would also like to re-emphasize the potential ongoing developmental work and analysis of the Five Silver Mine Black Hawk Alhambra Complex. Santa Fe expects to be announcing results of operations soon with analysis from multiple mines within the district.
It should need no elaboration that bringing a mid size gold and silver mine into production is a massive undertaking, requiring a tremendous amount of mine development and preparation, underground tunneling and additional infrastructure necessary for voluminous pre-production that is required to achieve and maintain steady, stable and sustainable output. New ore has to be continuously mined at an increasing rate to ensure future growth in output can be maintained at a scalable pace until maximum production is achieved and can be sustainable for the future.
Given our considerable achievements to date, our over-riding goal continues to be to maximize output at a steadily increasing and sustainable pace and thereafter add additional capacity from new mines that will be under continuous development.
Technical Advisor Dan Gorski Adds
Santa Fe has capitalized on the prolonged period of depressed precious metal prices to establish a very strong position in the historic Steeple Rock gold district. We believe this contrarian approach is going to yield impressive returns as the precious metal markets recover.
About Santa Fe Gold
We are a mining company engaged in the business of acquisitions and intended development of and production from mining and mineral properties.
This release may contain certain “forward-looking” statements, which represent the Company’s expectations or beliefs, including but not limited to, statements concerning the company’s planned operations, financial condition, ability to obtain capital, and growth and acquisition strategies.
Additionally, in order to implement and expand the business strategy of the Company as reflected in this press release, the Company may be required to obtain additional capital to continue operations. There can be no assurance that the Company will be successful in obtaining required capital to execute and further our business plan and strategy outside of our available funding sources. However, as production and shipments increase, revenues from gold, silver and flux sales are expected to increasingly cover operating costs and strict operational cost controls should contribute to a higher net.
For this purpose, any statements contained herein that are not statements of historical fact may be deemed to be forward-looking statements. Without limiting the generality of the foregoing, words such as “may,” “will,” “expect,” “believe,” “anticipate,” “intent,” “intends,” “could,” “should,” “estimate,” “might,” “plan,” “predict,” “strategy” or “continue” or the negative or other variations thereof or comparable terminology are intended to identify forward-looking statements.
This information may involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements to be materially different from the future results, performance or achievements expressed or implied by any forward-looking statements.
For more information, investors should review the SEC filings on our website.
Please visit www.santafegoldcorp.com.
Contact
Frank Mueller, CFO
505-255-4852
info@santafegoldcorp.com
Santa Fe Gold Ramps Up Development of its Historic Jim Crow Gold & Silver Mine
Company Is Making Solid Progress in
Developing a Potential New Gold-Silver Zone at the Jim Crow Mine
Mined resources are currently being stockpiled at the surface pending execution of sales contracts with Arizona smelters
ALBUQUERQUE, N.M., June 28, 2019 (GLOBE NEWSWIRE) -- Santa Fe Gold Corporation OTC (SFEG), a U.S. based mining company and owner of 148 mining claims covering 42 mine sites and potential mines, is pleased to announce it has been steadily increasing production of potentially economic grade, high silica vein material from its Jim Crow mine.
The Steeple Rock Mining District contains numerous deposits of high Silica content quartz vein rock and Santa Fe Gold has marketed similar material to several copper smelters in the past, where it was used as a fluxing agent in the copper smelting process.
Careful sampling and analysis of this vein from the 200-foot depth level development headings leads Santa Fe management to believe that this new zone is of an acceptable quality to be shipped to smelters, after crushing to a 3/8 inch specification.
Santa Fe Gold believes that it can develop sufficient tonnage in this zone to be able to demonstrate the capacity to fulfill a long term supply contract as required by smelters.
Management’s initial goal is to be able to produce between 50 to 100 tons per day from the Jim Crow Mine. If achieved, further development of the Jim Crow vein both laterally and at depth will be explored. Thereafter, Santa Fe Gold would plan to develop additional mineralized and parallel veins believed to be present up to the surface representing further potential targets to be developed from the existing working levels of the Jim Crow Mine.
Once full production can be achieved from the Jim Crow Mine, the plan is to further exploit and develop the adjacent Imperial Mine. Potential “down dip” extension of the Imperial vein should be able to be accessed from the Jim Crow Mine by extending the 300 level approximately 300 feet to the southeast. We believe that historic diamond drilling indicates mineralized quartz veins are present within the area. Another similar mine, the Billali, is situated some four miles north and we plan to develop this mine in due course.
Jim Crow Mine Development
The Jim Crow mine has two historic levels at 200 and 300 feet depth, respectively. It is served by an inclined shaft capable of lifting 30 tons per hour. Historic production from the mine was mainly from the southeast of the shaft where we believe that an existing zone has been partially mined both on the 200 and 300 levels with further potential for development.
These workings are linked to the surface and serve as a secondary escape way. The Company plans to extend development from this zone pending completion of the present development work on the north western seam of the 200-foot level. We believe that there is an additional mineralized segment of the vein near the surface above this area.
Santa Fe management believes the Jim Crow, with careful, systematic expansion through ongoing ore development and mining can become a significant producer of direct shipping gold-silver fluxing ore.
Chairman Brian Adair Comments
We are very pleased to report continued impressive progress at the Jim Crow mine as it nears delivery of content from its first quarter of ore preparation and production. We anticipate generating revenues from this mine in the near future.
Our strategy has been to acquire and develop a portfolio of high grade gold deposits, mines and other resources as economically as possible with the goal to place them into production at an applicable pace.
Fortuitously, the recent increase in metals prices and robust precious metals markets could positively impact our business model.
Once again, I would like to especially thank our mining and exploration team for their outstanding efforts in spearheading Santa Fe Gold into production in minimal time and for their expertise and ongoing endeavors in advancing the preparation of its eleven Steeple Rock and Billali Gold and Silver Mines and also the continuing development and analysis of Black Hawk Alhambra Silver Mine Complex with newly acquired high quality samples and an enormous cache of data Santa Fe has just received.
Our goal is to maximize output at a steady and sustainable pace and add capacity as soon as possible.
Technical Advisor Dan Gorski Adds
The potential ability to attain profitable production from the Jim Crow and other mines in the Steeple Rock district quickly, coupled with the longer-term development of the very high potential Alhambra Mine and others in the Black Hawk district, makes Santa Fe Gold a unique situation.
Black Hawk Alhambra Complex of Five Silver Mines
The Black Hawk-Alhambra Complex comprises five silver mines, namely: The Alhambra, Black Hawk, Silver King, Good Hope and Bullard's Peak mines and numerous other carbonate veins showing metal values at the surface. These mines are covered by 13 patented claims and 82 un-patented claims in the Black Hawk district located in Grant County, approximately 15 miles southwest of Silver City, NM.
This district, with a history of operations dating back more than a century is of an important geologic type known as 'Five Element Veins' with high grades of silver and associated nickel and cobalt values.
Santa Fe management plans to develop a phased project approach to locate and develop the potential high grade silver lenses within these veins.
About Santa Fe Gold
We are a mining company engaged in the business of acquisitions and intended development of and production from mining and mineral properties.
This release may contain certain “forward-looking” statements, which represent the Company’s expectations or beliefs, including but not limited to, statements concerning the company’s planned operations, financial condition, ability to obtain capital, and growth and acquisition strategies.
Additionally, in order to implement and expand the business strategy of the Company as reflected in this press release, the Company may be required to obtain additional capital to continue operations. There can be no assurance that the Company will be successful in obtaining required capital to execute and further our business plan and strategy outside of our available funding sources.
For this purpose, any statements contained herein that are not statements of historical fact may be deemed to be forward-looking statements. Without limiting the generality of the foregoing, words such as “may,” “will,” “expect,” “believe,” “anticipate,” “intent,” “intends,” “could,” “should,” “estimate,” “might,” “plan,” “predict,” “strategy” or “continue” or the negative or other variations thereof or comparable terminology are intended to identify forward-looking statements.
This information may involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements to be materially different from the future results, performance or achievements expressed or implied by any forward-looking statements.
For more information, investors should review the SEC filings on our website.
Disclaimer
Writer owns 200,000 restricted shares