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Company Announcement: Increase in Production Activities at Summit Mine

8th February 2013

  

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International Goldfields Limited  (0.37 MB)

International Goldfields Limited is pleased to attach a disclosure by Santa Fe Gold Corporation released yesterday, that highlights an increase in production activities at its Summit Mine in New Mexico following an increase to double shift for seven days per week, up from the previous five day per week schedule. The increase in mining operations at Summit is expected to see the devoted development crew advance the drive to the high grade Main Block ore zone in a much faster timeframe. The Main Block has significantly higher grades in resource modelling over the currently active stopes in the upper portions of the mine, which will mean overall gold and silver production will increase. Santa Fe also announces a new contract for sale of the high-value gold-silver concentrate produced at its 100% owned Lordsburg mill that provides SFEG with an additional market for final product from the Summit Mine operations. Please refer to the attached SFEG release for further details.

Edited by Creamer Media Reporter

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