SFEG has four advanced properties, one is already in production! All are located within mining friendly jurisdictions of the southwest United States. However, that is about to grow significantly, SFEG is currently acquiring Columbus Silver Corporation. This transaction could potentially more than double SFEG’s controlled gold and silver resources.
At full production, SFEG is expected to be generating annual revenues of $40 million! Their cost per ounce of gold is EXTREMELY LOW, at only $364 per ounce of gold equivalent produced!
SFEG’s President and CEO Dr. Carson recently stated, “This is an exciting time for the shareholders of SFEG and Columbus Silver. The successful completion of the merger will position the combined company to deliver both near and long-term value to its shareholders through existing production growth, as well as significant development and exploration upside from a diverse portfolio of precious metal properties.”
The UNDISCOVERED GOLD and SILVER PRODUCER!
SFEG’s Summit Gold-Silver Mine began initial production last March, but will be in commercial production later this month, we are expecting the announcement any day now!!!
Cash flow from this project will make future projects self-funded! The property consists of 117 acres of patented mining claims and 740 acres of unpatented mining claims.
The Ortiz Gold property has previous drilling that indicated approximately 2 million ounces of gold in several deposits. Results given by an independent scoping study showed a financial model for production that would total 925,036 ounces of gold over a 10 year mine life, with an estimated cost of $230 per ounce of gold. YES, YOU READ THAT RIGHT, cost to recover gold is estimated at $230 per ounce, one word should come to mind, PROFIT! The report also states that there is considerable upside in the estimations of mineralized material in both the amount of ounces and grade.
The Columbus deal will give SFEG7 NEW SILVER properties and potentially double their resources.
Led by President and CEO Dr. Carson
Dr. Carson has served with distinction at several mining companies.
  • President and director of Mining & Exploration Operation in Australia, Papua New Guinea, USA, Canada, and Mexico.
  • Dr. Carson has been closely involved in the discovery, acquisition, and financing of Kurara Gold Mine, Emu South Gold Mine, Girilambone Copper Mine, Tritton Copper Mine, Simberi Gold Mine, Ramu Nickel Mine, Johnson Camp Copper Mine, and the Summit Silver-Gold Mine.
  • He was also the President and Vice-President of exploration for Australia, Asia, and the U.S. for Nord Resources Corporation.
  • He is the former senior geologist for Exxon Minerals and the former manager of the precious metals exploration for Kennecott Copper.
WOW, talk about a resume, this man is the real deal. He isn’t looking to take SFEG to a few bucks and flip it, he is building a mining company that is currently looking at even more acquisitions!
For more information about SFEG, please visit SantaFeGoldCorp.com

 

 
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