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Article: Santa Fe Gold Options Pilar Gold Exploration Property, Sonora, Mexico.
- Article from:
- Business Wire
- Article date:
- June 15, 2009
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ALBUQUERQUE, N.M. -- Santa Fe Gold Corp (OTCBB: SFEG), a U.S.-based mining and exploration enterprise focused on gold, silver, copper and industrial minerals, today announced that its Mexican subsidiary, Minera Sandia S.A. de C.V., had entered into a purchase option contract on the Pilar Gold Property consisting of two mineral exploitation concessions located 165 kilometers east-southeast of Hermosillo, Sonora State, Mexico. The company believes that this advanced exploration property shows promising potential for discovery of an economic gold deposit, based on previous drilling that returned encouraging gold intersections.
"Drilling on the property in 1996 ...