|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||0.0725 - 0.0800|
|52 Week Range||0.0401 - 0.1380|
|Beta (5Y Monthly)||1.12|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
This, in addition to its already expanding production from its Jim Crow mine for delivery to a major smelter, under arrangement to ship all of its maximum attainable output as it builds to higher levels. In order to achieve this, Management will continue to develop and increase production of gold and silver siliceous vein material from the Jim Crow Mine. Concurrently with this ongoing development of the Jim Crow, the company will immediately begin recommissioning the nearby Billali Mine to further increase overall production of similar siliceous Gold and Silver vein material from that property.
Santa Fe Gold Corporation, (SFEG) OTC, a U.S. based mining company that currently ranks 9th out of the top ten US based mid-tier and junior precious metals companies (as cited by prestigious mining industry trade journal, The Northern Miner), with 148 mining claims covering 42 mine sites is pleased to announce with immediate effect, the appointment to its Board of Directors of Santa Fe Gold, its Geologist / Technical Advisor for Exploration, Development and Mining, Daniel E. Gorski. Mr. Gorski has served as geologist / technical advisor to Santa Fe Gold, since November 2018, and currently also serves as President and CEO of Texas Minerals Resources Corporation, TMRC.
Santa Fe Gold Corporation (SFEG), an OTC traded, U.S. based mining company that currently ranks 9th out of the top ten US based mid-tier and junior precious metals companies (as cited by mining industry trade journal, The Northern Miner) with 148 mining claims covering 42 mine sites and potential mines, plans to deliver economic grade, high silica gold and silver siliceous vein material from its Jim Crow mine to a smelter under a provisional arrangement to begin deliveries in 2019. Management’s goal is to build up production of gold and silver siliceous vein material from its Jim Crow Mine to a targeted production of an aggregate 500 tons per day from multiple mines in time. As higher output of gold and silver siliceous vein material production is achieved from the Jim Crow Mine, our plan is to commence the exploitation and development of the adjacent Imperial Mine and also the Billali Mine.
Santa Fe recently acquired and is installing a high capacity crushing facility capable of processing 150 tons per hour, with sufficient volume capabilities to process acceptable siliceous vein material quality to meet expected shipping and smelting requirements for the foreseeable future. Management’s initial goal is to produce between 50 to 100 tons of gold and silver siliceous vein material per day from the Jim Crow Mine and increase to an aggregate 500 tons per day from several mines in the foreseeable future.
Santa Fe Gold (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 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 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. 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. 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 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.
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.
Company expects to commence mining operations as soon as practicable once preparation of ore bodies for mining is completed and ore stockpiling begins ahead of shipment. ALBUQUERQUE, N.M., Jan. 29, 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 progress towards the startup of mining operations, pre-production clean up and completion of construction of a new filtration pond.