Santa Fe Gold To Immediately Commence Pre-Production Tests At Its $839 Million Alhambra Silver Mine

Santa Fe Gold Corporation (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 eight advanced projects containing numerous additional mine sites with early production potential is pleased to announce that it will begin pre-production tests in coming days to work through the production process to the output of Gold and Silver concentrate and at the same time will be able to confirm expected and industrial metals yields for what will be full production operations.

A recently announced study, “Economic Potential of the Alhambra Mine” authored by Daniel E. Gorski, an experienced geologist and mine operator who had independently evaluated the property prior to Santa Fe’s purchase and was made available to Santa Fe, concludes, based on geologic comparison with other mining districts of this type and on published and unpublished historic data from the district, that the Alhambra Mine alone could contain a total of $839 million comprising $158 million and $681 million in place value of Silver alone.

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