SANTA FE GOLD ( SFEG - OTC )

Shares Up 60 % In Month -This  Stock On Fire - PLACE ON BUY LIST

Commencement of Mining Operations at its Steeple Rock District Jim Crow Gold and Silver Min

The Golden Touch - Reopens Mine

Up and Away - This stock is on fire  . We expect a re-test of the Feb highs and BREAKOUT. Production is at hand and large buyers have stepped in.

Serious investors should place these shares on their BUY LIST and watch for a strong breakout..







Santa Fe Gold Announces Commencement of Mining Operations at its Steeple Rock District Jim Crow Gold and Silver Mine

Company Aims To Put Its First Three Mines Into Production Over The Next Year To Eighteen Months

ALBUQUERQUE, N.M., April 29, 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 the commencement of ore production from its Jim Crow mine located in the historic Steeple Rock mining district of southwest New Mexico.

Jim Crow Mine Production Startup

The Jim Crow mine consists of a 300’ deep steeply inclined shaft with lateral workings along the vein on the 200’ and the 300’ levels. We believe limited historic production has been from a zone extending from the 300’ level vertically up through the 200’ level and for an unknown distance above. Initial ore development is planned to be above 200’ with the produced vein material collected on the 300’ level and transported to the shaft for hoisting. The ore development under way should define the extent and quality of this mineralized zone. Initial production is planned to be stockpiled on the surface in preparation for shipment to Arizona smelters.

Dan Gorski - Re: Potential of Initial Jim Crow, Imperial and Billali Mines  

Santa Fe Gold’s Geologist Overseeing Development of Mines & Operations

Potential for developing additional mineralized resources within the Jim Crow Mine and in the adjacent Imperial Mine exists in multiple directions. In addition to the Jim Crow Vein itself which is undeveloped both laterally and at depth, we believe there are two parallel veins showing potential economic grades and widths on the surface 170 ft and 320 ft to the northeast, respectively. We believe all three of these veins converge and project to intersect approximately 1500 ft to the northwest.

Our business strategy projects that if sustained production is achieved from the Jim Crow, then active development of the lateral and depth extent of the Jim Crow Vein and the development of the parallel veins and the Imperial Mine could begin.

A similar mine, the Billali, is located approximately four miles to the north of the Jim Crow. The Billali mine is accessed by a decline and it is believed that this mine contains several parallel veins.

Long term planning and expansion of production is expected to continue pending the development of sufficient ore within these three properties. The anticipated sale of the developmental “ore” from early production from the Jim Crow mine should offer a degree of mining flexibility to substantially expand ongoing development of this project.

Chairman Brian Adair Comments

We are very pleased with our overall achievements to date to be able to announce commencement of production of ore on schedule, having made what we believe to be considerable progress to this point.

I would like to especially thank our lead geologist Dan Gorski for his outstanding work on the Steeple Rock Billali eleven mine complex preparation for production and in particular for his extensive studies and analysis, as well as for his historic project work on the Black Hawk Alhambra five mine complex.

I also want to compliment our mines management team and mining personnel for their efforts and success in bringing the Jim Crow Mine into production as rapidly, efficiently and economically as they have so far managed to accomplish. 

From now on the focus will be on increasing output at a steady and sustainable pace and we look forward to adding capacity on a planned basis as soon as practicable to continue to build Santa Fe.

We anticipate that revenues can be generated in the near future and expect to continue to execute on our ongoing development plan. Our mission continues to be to develop bankable mining projects and bring them into production economically and propitiously, in anticipation of future revenue growth.

Geological and Operational Overview

Steeple Rock - Billali Complex of Mines

Santa Fe Gold is increasingly well-positioned to become an operating mining company. Although the Jim Crow, Imperial and Billali Mines were initially highlighted for their near term production potential, the additional eight mines within the district may be developable and available for later production.

Geology of the Steeple Rock district is well known as a Tertiary-age epithermal silver-gold mineralization is associated with northwest-trending quartz veins and silicification along fault line with silver-gold mineralization related to a Tertiary-age volcanic-intrusive complex.

Black Hawk Alhambra Complex of Five Silver Mines

In addition to completing the acquisition of its previously highlighted near term production mines Jim Crow, Imperial and Billali et al in the Steeple Rock district, Santa Fe more recently was also able to complete the acquisition of five silver mines, namely: The Alhambra, Black Hawk, Silver King, Good Hope and Bullard's Peak mines. These are covered by thirteen patented claims and 82 un-patented claims in the Black Hawk district located in Grant County, approximately 15 miles southwest of Silver City, New Mexico. Santa Fe is currently reviewing development options with respect to these mines.

This district, with a history of operations dating back more than a century is of an important geologic type known for grades of silver with associated nickel and cobalt values.

Financial Filings Continuing on Track

Santa Fe Gold continues to “bring current” its SEC filings.

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 the business strategy of the Company as reflected in this press release, the Company will be required to obtain additional capital to fund operations and there can be no assurance that the Company will be successful in its capital raising efforts.  The failure to raise required financing will impact our plans, timing, and could adversely affect the Company, including the strategy outlined in this press release.

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.

 

Santa Fe Gold Completes Acquisition of The Black Hawk Alhambra Silver Mines Comprising Alhambra, Black Hawk, Silver King, Good Hope And Bullard's Peak Mines

The Black Hawk Alhambra District Consists of 13 Patented Claims and 82 unpatented claims covering Approximately Three Square Miles in the Black Hawk Alhambra District Located in Grant County, Approximately 15 miles Southwest of Silver City, New Mexico.

ALBUQUERQUE, N.M., April 03, 2019 (GLOBE NEWSWIRE) -- Santa Fe Gold Corporation OTC (SFEG), a U.S. based mining company and owner of multiple mining claims, is pleased to announce that it has completed the acquisition of all of the capital stock of Bullard’s Peak Corporation (which owns thirteen (13) patented claims and Eighty two (82) unpatented claims in the Black Hawk district of New Mexico) from Black Hawk Consolidated Mines Company for a purchase price of $3,115,365. 

The Company granted the seller a 2% net smelter return in perpetuity.  The net smelter return is the greater of (i) all monies the Company receives for or from any and all ore removed from the property comprising the mining claims whether for exploration, mining operations or any other reason, and (ii) the fair market value of removed ore from the property comprising the mining claims.  The claims in the Black Hawk district of New Mexico consist of Alhambra, Black Hawk, Silver King, Good Hope and Bullard's Peak Mines. 

Santa Fe Gold intends to develop the Black Hawk Alhambra Silver Mines Complex and has commenced preliminary discussions with certain potential mining companies, institutional investors and joint venture partners having broad mining experience, expertise and access to finance as required to develop and commercialize each of these properties.  

Chairman Brian Adair Comments

We are very pleased to have completed this important, and what we believe to be a highly promising, acquisition for Santa Fe and I have personally invested $400,000 for the purchase of 5 million shares of Company common stock at a purchase price of $0.08 per share from November 30, 2018 to date.

The Alhambra district has a history of operations dating back more than a century and we believe this acquisition to be of considerable value to Santa Fe. 

About Santa Fe Gold

We are a mining company engaged in the business of acquisitions and intended development of 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.

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.  Our strategy is conditional upon raising sufficient capital to fund continued operations, the failure of which to obtain could adversely impact us.

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.

ALBUQUERQUE, N.M., March 27, 2019 (GLOBE NEWSWIRE) -- Santa Fe Gold Corporation OTC (SFEG), a U.S. based mining company and owner of multiple mining claims, is pleased to announce continuing progress towards production from the Jim Crow Mine located in the well-known Steeple Rock district of southwest New Mexico. Six cars containing approximately 20 tons of ore, previously mined from the 200 level, is currently stockpiled at the surface and indicates values of .26 oz per ton of Gold and 1 oz per ton of Silver remaining in the mine.

Santa Fe Gold expects to begin mining and shipping ore during the coming quarter, increasing output towards anticipated full production levels. In addition, preparation for the startup of production at its higher grade Bilalli mine is also expected to get underway once stable production is achieved from the Jim Crow mine, with intent to also build production up to similar levels.

Chairman Brian Adair Comments

We are very pleased to have made considerable progress towards commencement of production, so far under budget and on schedule and expect to be revenuing in the coming quarter, as we build up production output into the summer and complete Santa Fe Gold's 2018 - 2019 Fiscal year.

 

 

Geological and Operational Overview

Santa Fe Gold is well positioned to become a profitable operating Mining company. Initial production from the Jim Crow Mine promises to generate sufficient revenue to finance development of its other mines in the Steeple Rock district, the adjacent Imperial and the Bilalli. Another important asset and benefit is that Santa Fe’s operating team has many years of experience in this district. Low startup costs, simplicity of operations and experienced on site management bode well for this venture. All three properties have potential to generate additional ore laterally on the strike of the veins in the existing mines, at depth below the existing workings and within parallel and as yet undeveloped veins.

In addition to its three mines in the Steeple Rock district, Santa Fe is in the process of completing acquisition of five patented claims and 82 un-patented claims in the Black Hawk district located in Grant County, approximately 15 miles southwest of Silver City, New Mexico. This district, with a history of operations dating back more than a century is of an important geologic type known for extremely high grades of silver with associated and important nickel and cobalt values. This large property contains four mines with historic production and published US Geologic Survey reports identify up to 30 additional veins within this property that contain visible silver at the surface.

Potential of this property is very high, other districts of this geologic type elsewhere in the world, include the famous Cobalt, Ontario district, operated in the early twentieth century, which produced over five hundred million ounces of silver.

The potential of revenue from its Steeple Rock district gold mines and the very high exploration potential of its Black Hawk district properties bode well for the future of this company.

Financial Filings Expected to Accelerate

Last week Santa Fe Gold filed an amended quarterly report for September 2016 which includes all material events relating to the company's progress to date and expects to continue to file additional quarterly and annual reports at a steady pace over coming weeks until the company is up to date and compliant.

https://www.sec.gov/Archives/edgar/data/851726/000144586619000278/sfeg_10qa.htm

About Santa Fe Gold

We are a mining company engaged in the business of acquisitions and intended development of mineral properties.

We require capital for future development of our current mining properties, fund working capital needs, and fund contemplated acquisitions.  There can be no assurance that the required capital can be raised.  Failure to obtain the necessary capital to complete the purchase and future development of our current mining properties could materially impact our operations.

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.

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.