ALBUQUERQUE, N.M., Aug. 01, 2016 (GLOBE NEWSWIRE) -- Santa Fe Gold Corporation (OTCBB:SFEG) is pleased to announce the appointment of Mr. Tomas Laws as CEO of the company.

Mr. Laws is a mining analyst knowledgeable in metallurgy and minerology with over 40 years of experience in the mining industry.

Mr. Laws’ mining career began in working a Placer Gold operation in Alaska. He then joined Phelps Dodge Corporation, at the time the world’s largest copper company.  His role was a Metals Accounting Specialist and Cost Analyst at the Hidalgo Smelter located in Playas, New Mexico. He later moved to the Tyrone Mine in Tyrone, New Mexico. Eventually, Mr. Laws returned to the Hidalgo Smelter in Playas, New Mexico as controller.

Mr. Laws was then appointed to oversee costs and budget accounting at Chino Mines. He progressed to become a transaction specialist at Kennecott Mining. There he helped facilitate the Phelps Dodge Corporation purchase of Chino mines and related companies. After the transaction, Mr. Laws assumed accounting implementation and operational control of the Chino and Kennecott acquisitions for Phelps Dodge Corporation, now part of Freeport-McMoRan Inc., one of the World's largest Copper & Gold Miners. 

Mr. Laws is intimately familiar with mining operations in the Southwestern United States and in particular the Arizona and New Mexico environs. With a large client base in New Mexico, Mr. Laws has worked with a number of mining companies, right up to the present, helping them to evaluate materials, economic utility and the most effective processing methods, looking to develop and optimize their mining output. His extensive area knowledge, broad experience and understanding of the local mineralogy in the mining districts of the Southwest, combined with his many years with Phelps Dodge and Kennecott, gives him a unique perspective on where the most coveted and valuable opportunities are known to exist and specialized knowledge of both large and small projects in the region, with special access and rights to some sizable ore deposits, infrastructure and mines in the area.

“I am delighted to be taking on Santa Fe Gold and look forward to resuming mining operations in the near term future,” Mr. Laws recently stated. “The company is currently pursuing a number of strategic objectives to enable the rebuilding of shareholder value. We very much appreciate the shareholder support to date and are totally committed to making Santa Fe Gold a success.”

The forthcoming announcements will come as the company executes on its business plan and the restart of mining operations, providing for the possibility for production to commence quite soon with some attractive prospects under consideration.

Mr. Laws also added, “Santa Fe Gold Corp has a bright future ahead as the current environment is increasingly positive for metals markets.” 

ABOUT SANTA FE GOLD

Santa Fe Gold is a U.S. based mining and exploration enterprise and is currently reviewing a number of attractive opportunities that should enable the resumption of mining and production operations in the nearer term. For information please visit:  www.santafegoldcorp.com  

Contact:

Santa Fe Gold Corp
Frank Mueller, Chief Financial Officer
(505) 255-4852