ALBUQUERQUE, N.M., Dec. 15, 2016 (GLOBE NEWSWIRE) — Santa Fe Gold Corporation (OTC:SFEG), a U.S.-based mining and analysis action with accent on Gold, Silver, Copper, Precious, Industrial and abject metals and buyer of assorted claims, including the Malone Mines Complex incorporating 20 associated abundance sites and in addition, the Playas Lake Bed breadth of Hidalgo County, New Mexico is admiring to advertise the arrangement of Thomas Laws as President & CEO of Santa Fe Gold Corporation.
Since aing Santa Fe aloof four months ago, Mr. Laws calm with his awful experienced exploration and acquisitions aggregation has brought an absurd bulk of drive and drive to Santa Fe, accumulating and carrying a appalling portfolio of exceptionally valuable properties, awful approved after mines and some notably high brand deposits. The company’s ambition is to activate monetizing these backdrop forthwith.
The aggregation has been absolutely focused on rebuilding the company’s bulk as bound as accessible and beneath Tom Laws’ administration and guidance, this has been able over a almost actual abbreviate aeon of time wherein some bisected dozen backdrop currently beneath acquisition, could individually, or in of themselves, be ‘company makers’. Santa Fe Gold has been exploring and accepting backdrop in one of the ri areas of the South West which contain some of the accomplished mineralizations anywhere in the world. In accurate Santa Fe has focused on the Knight’s Peak region, breadth some 80% of all the gold apparent in New Mexico originated. The aggregation has cautiously anchored best of this breadth and already has it beneath its control.
The breadth in accepted and its surrounds, has a history of awfully aerial grades, as was borne out by a antecedent aerial brand discovery, reported by Santa Fe Gold in 2012, breadth assays showed bonanza blazon aerial grades of 7.73 ounces of gold per ton and 269.75 ounces per ton of Silver. While such awfully aerial grades are attenuate and could be declared as an anomaly, they prove that such grades exist and were in actuality apparent almost afresh from a actual standpoint. A aeon ago, grades as aerial as 16 oz. per ton of gold were appear in the Malone Mines Complex, which Santa Fe now already owns and controls.
Santa Fe currently has beneath acquisition an added notable high brand mine with huge upside potential.
High brand gold deposits are the best aegis adjoin a acting dip in metals prices. College grades are able to advance to a decidedly lower bulk of assembly and abundant college advantage than low brand mines.
To body aloft these acquisitions and recapitalize the aggregation as a forerunner to resuming mining and assembly operations as rapidly as possible, the aggregation afresh affianced the casework of International Monetary as its Banking and Strategic Advisor and is already in discussions to defended costs quickly.
As President and CEO, Tom will be a adumbrative of ability and acquaintance in ambidextrous with Banking and Finance Institutions as the aggregation secures the all-important basic to accredit it to resume operations soon.
Tom Laws commented: “Having already accomplished so abundant in laying the foundations for Santa Fe Gold to clean its bulk in the a appellation and position the aggregation for strong growth, I am captivated to be demography these added responsibilities and attending advanced to active on aggregate that is appropriate for Santa Fe to resume mining operations aboriginal in 2017,” Mr. Laws added: We actual abundant appreciate all of your solid actor abutment and backbone to date and are absolutely committed to authoritative Santa Fe Gold a success.”
Mr. Laws additionally added, “By selecting alone the actual accomplished grade, affection and prospective deposits, we are laying the background for a acceptable mining operation able-bodied into the approaching and that is our mission”.
Tom Laws, age 58, is a metallurgist and mining analyst with over 40 years of acquaintance in the mining industry. Mr. Laws’ mining career began in Alaska operating a Placer Gold Mine. He again aing Phelps Dodge Corporation, at the time the world’s better nut company. His role was a Metals Accounting Specialist and Bulk Analyst at the Hidalgo Smelter amid in Playas, New Mexico. He after confused to the Tyrone Abundance in Tyrone, New Mexico. Eventually, Mr. Laws alternate to the Hidalgo Smelter in Playas, New Mexico as controller.
Mr. Laws was again appointed to baby-sit costs and account accounting at Chino Mines. He progressed to become a transaction specialist at Kennecott Mining. There he facilitated the Phelps Dodge Corporation acquirement of Chino mines and accompanying companies. After the transaction, Mr. Laws affected accounting accomplishing and operational ascendancy of the Chino and Kennecott acquisitions for Phelps Dodge Corporation, now allotment of Freeport-McMoRan Inc., one of the World’s better Chestnut and Gold Miners.
Mr. Laws is carefully accustomed with mining operations in the Southwestern United States and in accurate the Arizona and New Mexico environs. With a ample applicant abject in New Mexico, Mr. Laws has formed with a cardinal of mining companies, appropriate up to the present, allowance them to appraise materials, bread-and-er account and the best able processing methods, adorable to advance and optimize their mining output. His all-encompassing breadth knowledge, ample acquaintance and compassionate of the bounded mineralogy in the mining districts of the Southwest, accumulated with his abounding years with Phelps Dodge and Kennecott, gives him a different angle on breadth the best coveted and admired opportunities are accepted to abide and specialized ability of both ample and baby projects in the region, with appropriate admission and rights to some ample ore deposits, basement and mines in the area. Since aing Santa Fe Gold, August 1, he has appropriately approved the accent of his connections, with the ability and affection of his acquisitions and as a result, Santa Fe Gold now controls or owns about 53 actor bags of admired gold, silver, copper, precious and abject metals and additionally some titanium ores. Added acquisitions are in the pipeline.
The aggregation additionally aloof appear a analysis address from D. Paul Cohen, one of the foremost micro-cap specialists and analysts on Wall Street, with some 50 years in the advance business and a history of associations with some of its largest firms and industry titans. A archetype of this address can be downloaded from this link: http://www.cohengrassroots.com/Reports/Santa_Fe_Gold_12_12_2016.pdf
The report will be accessible by registering at www.santafegoldcorp.com or downloading from a absolute link.
About Santa Fe Gold
Santa Fe Gold is a U.S.-based mining and analysis action and owns the afterward mining assets: The Knight’s Peak arena of Grant County, New Mexico absolute the Malone Mines, Patanka, Hillcrest Barranca and Principal Mines altogether incorporating some twenty mine sites and all amid at Knight’s Peak together with an extensive expanded area surrounding the Malone Mines in the southern arena of Burro Mountains, New Mexico. It additionally owns multiple claims in the Playas breadth of Hidalgo County, New Mexico. The aggregation has additionally acquired ample additional resources expected to be appear in due course.
Santa Fe’s Analysis and Development Aggregation continues to assay a cardinal of attractive, economically applicable opportunities and execute on the company’s accretion affairs that should accredit resumption of mining and assembly operations as anon as practicable.
The company’s financials are in the final stages of achievement and review and although absolutely accepted they will be appear soon: An astronomic bulk of abstracts was all-important to be acquired and aggregate from a array of adamantine to admission sources, which slowed the process. While the aggregation has been active in its efforts to complete release of the financials as aboriginal and appropriate as possible: External factors could impede this. Approaching holidays and added advancing aspects may be an impediment to the final absolution date.
For added advice and to register please visit www.santafegoldcorp.com
Forward Adorable Statements
Please accredit to the Advanced Adorable Statements articulation at the basal larboard of Santa Fe Gold’s website for all accordant disclosures.
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