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SantaFeGoldSuppliesTrialShipmentofSiliceousFluxtoArizonaSmelter
forPreciousMetalsRecovery
SantaFeGoldCorporation(OTCBB:SFEG)ispleasedtoannounceithascontractedwith
ASARCOLLC(Asarcoto) supplyatrialshipmentof1,000tonsofsiliceousfluxmaterialto
AsarcosHaydensmelterinHayden,Arizona.
Albuquerque,NM(Vocus)August27,2010--SantaFeGoldCorporation(OTCBB:SFEG)ispleasedto
announceithascontractedwithASARCOLLC(Asarco)tosupplyatrialshipmentof1,000tonsofsiliceous
fluxmaterialtoAsarcosHaydensmelterinHayden,Arizona.Thefluxmaterialwillbeprocessedforprecious
metalsrecovery.SantaFewillbepaidforthecontainedsilverandgoldlesscustomarycharges.Thesiliceous
fluxconstitutesabeneficiatedproductoforefromtheSummitmineupgradedinsilicaandpreciousmetals
contentsthroughcrushingandscreening.
ThisinitialtrialofsiliceousfluxtoAsarcosHaydensmelter,togetherwithasimilartrialconductedearlierthis
yearwithFreeport-McMoRanMiamissmelter,isexpectedtoleadtolongtermcontracts,saidPierceCarson,
PresidentandChiefExecutiveOfficer.FluxsalespotentiallycouldbequitesignificanttoSantaFeandcould
accountforasubstantialportionoforeminedatSummit.
SmelterfluxsalesaddanotherdimensiontoouroptionsforprocessingofSummitoreandtoourstrategyof
expandingourproductionprofileintheLordsburgarea.Oresoldassmelterfluxdoesnothavetobemilledand
thereforefreesadditionalcapacityatourLordsburgmill.
SantaFesLordsburgmillisproducingahighvaluegoldandsilverconcentrate.Thecompanyhasbeenin
negotiationswithsmeltersforsaleoftheconcentrateandexpectstobeginshipmentsshortly.Thecompany
planstorampupproductionfromtheSummitmineto120,000tonsperannumoverthenexttwoquarters.At
fullproduction,revenuesareprojectedtoexceed$25millionannually,assumingmetalpricesof$1000per
ounceforgoldand$16.67perounceforsilver.Operatingcostsareprojectedtobelessthan$350perounceof
goldequivalentproduced.
AboutSantaFeGold:
SantaFeGoldisaU.S.-basedminingandexplorationenterprisefocusedonacquiringanddevelopinggold,
silver,copperandindustrialmineralproperties.SantaFecont
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