Michael UguliniCommodity Enterprise Profile: Santa Fe Gold Corporation
January 18th 2009 21:29
Santa Fe Gold Corporation
Santa Fe Gold Corporation is a mining and exploration company with a focus on precious metals. Their mission is to build a portfolio of high-quality diversified mineral assets. The Company has four advanced properties in the southwest region of the U.S. They work to acquire and develop gold, silver, copper, and industrial mineral properties.
Their four projects include:
The Summit Silver-Gold Project
The Ortiz Gold Project
The Black Canyon Mica Project
The Planet Micaceous Iron Oxide (MIO) Project
Santa Fe Gold Corporation has their corporate headquarters in Albuquerque, New Mexico. The Company's plans for growth involve production from the Summit Silver-Gold Project. They reported in September of last year that construction is on track at this mine and the processing facilities as well. They anticipate processing of silver-gold ore in the first quarter of 2009.
The Company is also developing their Ortiz Gold Project to prepare it for mining within a couple of years. They are also looking to acquire more gold, silver, and copper properties with potential for near-term production.
The Summit Silver-Gold Project
This property is in Grant County, southwestern New Mexico. It is within the Steeple Rock Mining District. This district has recorded historic production of gold, silver, base metals, and fluorspar. Chapman, Wood and Griswold, Inc. (CWG), an independent geological engineering firm, reviewed the reserve/resource classification of Summit mineralization in July 2008. They concluded that a portion of the mineralized material can be elevated to the category of Probable Reserve under the SEC’s Industry Guide 7. At a cutoff grade of 0.175 ounces of gold-equivalent per ton, they estimated the in-place, diluted Probable Reserve, for the main footwall zone, to be 531,509 tons grading 0.129 ounces of gold per ton and 8.62 ounces of silver per ton.
The Ortiz Gold Project
The Ortiz Mine Grant is northeast of Albuquerque, New Mexico. Prospecting and mining of gold and silver in this area goes back to the arrival of Spanish settlers in 1598. Santa Fe Gold Corporation plans to continue evaluation of the 90 square mile area under lease here. They are looking to evaluate the area's exploration potential for new discoveries of gold and copper deposits, and they have a large quantity of geological, geochemical, geophysical, and drilling information.
The Black Canyon Mica Project
The Black Canyon mine is located approximately 30 miles north of Phoenix, Arizona. The Company's property holdings at and around the Black Canyon mine include 67 Federal unpatented mining claims in Yavapai County, Arizona. They also include nine Federal unpatented mill site claims in Maricopa County, Arizona. In total, they cover about 1,385 acres.
The Planet Micaceous Iron Oxide (MIO) Project
This property is in the northwest corner of La Paz County, west central Arizona. MIO is a flake-like form of crystalline hematite (Fe2O3). Its value is the anti-corrosive properties it contributes to coatings formulated to protect structural steelwork. MIO improves UV stability, adhesion, surface tolerance, and abrasion resistance. It increases coating life and is non-toxic to the environment.
Santa Fe Gold Corporation is a mining and exploration company with a focus on precious metals. Their mission is to build a portfolio of high-quality diversified mineral assets. The Company has four advanced properties in the southwest region of the U.S. They work to acquire and develop gold, silver, copper, and industrial mineral properties.
Their four projects include:
The Summit Silver-Gold Project
The Ortiz Gold Project
The Black Canyon Mica Project
The Planet Micaceous Iron Oxide (MIO) Project
The Company is also developing their Ortiz Gold Project to prepare it for mining within a couple of years. They are also looking to acquire more gold, silver, and copper properties with potential for near-term production.
The Summit Silver-Gold Project
This property is in Grant County, southwestern New Mexico. It is within the Steeple Rock Mining District. This district has recorded historic production of gold, silver, base metals, and fluorspar. Chapman, Wood and Griswold, Inc. (CWG), an independent geological engineering firm, reviewed the reserve/resource classification of Summit mineralization in July 2008. They concluded that a portion of the mineralized material can be elevated to the category of Probable Reserve under the SEC’s Industry Guide 7. At a cutoff grade of 0.175 ounces of gold-equivalent per ton, they estimated the in-place, diluted Probable Reserve, for the main footwall zone, to be 531,509 tons grading 0.129 ounces of gold per ton and 8.62 ounces of silver per ton.
The Ortiz Gold Project
The Ortiz Mine Grant is northeast of Albuquerque, New Mexico. Prospecting and mining of gold and silver in this area goes back to the arrival of Spanish settlers in 1598. Santa Fe Gold Corporation plans to continue evaluation of the 90 square mile area under lease here. They are looking to evaluate the area's exploration potential for new discoveries of gold and copper deposits, and they have a large quantity of geological, geochemical, geophysical, and drilling information.
The Black Canyon Mica Project
The Black Canyon mine is located approximately 30 miles north of Phoenix, Arizona. The Company's property holdings at and around the Black Canyon mine include 67 Federal unpatented mining claims in Yavapai County, Arizona. They also include nine Federal unpatented mill site claims in Maricopa County, Arizona. In total, they cover about 1,385 acres.
The Planet Micaceous Iron Oxide (MIO) Project
This property is in the northwest corner of La Paz County, west central Arizona. MIO is a flake-like form of crystalline hematite (Fe2O3). Its value is the anti-corrosive properties it contributes to coatings formulated to protect structural steelwork. MIO improves UV stability, adhesion, surface tolerance, and abrasion resistance. It increases coating life and is non-toxic to the environment.
| 41 |
| Vote |
subscribe to this blog
