Santa Fe Gold Announces the Staking of 88 Mineral Claims and Leasing of Additional 19 Claims Miles Immediately Adjacent to its Lordsburg Mining District Claims and Provides Strategic Update

LORDSBURG, N.M., March 24, 2015 /PRNewswire/ -- Santa Fe Gold Corporation (OTC: SFEG) is pleased to announce that it staked and filed an additional 88 mineral claims immediately adjacent to its patented and unpatented claims position covering most of the historic Lordsburg Mining District.  In addition, Santa Fe announced that it has renewed a strategic lease covering 13 patented and six unpatented claims in the Lordsburg District. 

Jakes Jordaan, SantaFe's President & CEO commented:  "We are excited to have completed our staking targets and finalized most of our strategic leasing objectives in the Lordsburg district.  In addition, we have nearly completed our strategic partner selection process."  Mr. Jordaan concluded, "We are most encouraged by strategic proposals from both strategic and financial participants with respect to our Lordsburg porphyry copper strategic objectives.  Although no assurances can be given that a transaction will be consummated, we are actively evaluating and negotiating respective proposals and intend to finalize our strategic partner selection in the near future." 

About Santa Fe Gold

Santa Fe Gold is a U.S.-based mining and exploration enterprise focused on acquiring and developing gold, silver, copper and industrial mineral properties. Santa Fe controls: (i) the Summit mine and Lordsburg mill in southwestern New Mexico; (ii) a substantial land position near the Lordsburg mill, comprising the core of the Lordsburg Mining District; and (iii) a deposit of micaceous iron oxide (MIO) in Western Arizona. Santa Fe Gold intends to build a portfolio of high-quality, diversified mineral assets with an emphasis on precious metals.

To learn more about Santa Fe Gold, visit www.santafegoldcorp.com.

FORWARD-LOOKING AND CAUTIONARY STATEMENTS – SAFE HARBOR

This Press Release has been prepared by Santa Fe Gold Corporation ("Santa Fe" or the "Company").   This Press Release contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or information, there may be other factors that cause results to be materially different from those anticipated, described, estimated, assessed or intended. There can be no assurance that any forward-looking statements or information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements or information. Accordingly, readers should not place undue reliance on forward-looking statements or information.  Forward-looking statements or information involve known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company and its operations to be materially different from those expressed or implied by such statements. Such factors include, among others, statements with respect to the exploration strategy and plans; the estimation of mineral resources; the realization of mineral resource estimates; anticipated future production; the potential exploration of a porphyry copper deposit; the potential size of a mineralized zone of a porphyry copper deposit; potential expansion of mineralization; potential discovery of new mineralized zones; potential metallurgical recoveries and grades; plans for future exploration and/or development programs and budgets; corporate strategies; strategic transactions; requirements for additional capital; uses of funds; and factors supportive of a world class porphyry copper deposit; and future financial performance. While the Company has based these forward-looking statements on its expectations about future events as at the date that such statements were prepared, the statements are not a guarantee of the Company's future performance and are subject to risks, uncertainties, assumptions and other factors which could cause actual results to differ materially from future results expressed or implied by such forward-looking statements and information. These risks and uncertainties and other factors include, but are not limited to, those set forth under Item 1A. "Risk Factors" in our Annual Report on Form 10-K, which was filed with the SEC on October 22, 2014 and is available at http://www.sec.gov.  Readers are cautioned to carefully review all Risk Factors.   All subsequent written and oral forward-looking statements attributable to the Company or to persons acting on our behalf are expressly qualified in their entirety by these risk factors and cautionary statements.

Contact:

Santa Fe Gold Corp
Jakes Jordaan, President and Chief Executive Officer
+1-(505)-255-4852

SOURCE Santa Fe Gold Corporation

Related Links

http://www.santafegoldcorp.com