Santa Fe Gold (OTC:SFEG), a U.S. based mining and exploration enterprise with emphasis on Gold, Silver, Copper, Precious, Industrial and Base metals and owner of multiple claims, including the Malone Mines complex incorporating 20 associated mine sites, the Playas Lake Bed area of Hidalgo County, New Mexico and Bullard’s Peak Corporation and Black Hawk Consolidated Mines incorporating AG1 Silver mine along with a potential major Porphyry Silver discovery and additional deposits of Cobalt, Lithium, Manganese and Nickel along with the Sunset Lode and Placer Lode Gold and Silver Deposits located in Pinos Altos Gold, is pleased to outline its preliminary assessment of its recently acquired Silver Mines in Black Hawk and Bullard’s Peak districts and gratified to report that these properties hold considerable upside potential based on similarities to a number of renowned world class silver mines.
President and CEO Tom Laws said:
“The company has retained a number of qualified geologists, mining engineers and surveyors to assess the prospects of our recently acquired properties and their full potential which will be assessed in a separate and independently compiled valuation report on these mines and deposits and also on it Porphyry Silver potential resource.
The permitting process for these properties is already ongoing following an extensive meeting with New Mexico Government Authorities covering the company’s portfolio of deposits in New Mexico as well as ongoing permitting for its new acquisitions in Canada. Permit applications are currently in preparation for authorities in various locations. “