Santa Fe Metals Corp.

Santa Fe Metals Corp.

April 24, 2014 09:00 ET

Santa Fe Metals-Drilling in Range of Sully's East Target

VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 24, 2014) - Santa Fe Metals Corp. (TSX VENTURE:SFM) ("SFM" or the "Company") announces that drill hole SU14-07 is now over 815-m deep and is continuing well on its planned trajectory to test the East sedimentary exhalative (SEDEX) target at the Sully Project.

Gravity surveying and interpretation suggests the depth of the top of the East Target is in the 800 to1,000-m range and based on current drilling performance that range will be tested in the coming days. A video presentation of the current geological model, including the geophysical targets and traces of historic drill holes can be seen at Sully Project Video.

The Sully Project

Sully is located near Fort Steele, 30-kilometres east of the world-famous Sullivan mine at Kimberley, B.C. The East target is one of two gravity mass anomalies estimated to come within 800 to 1,000-m of surface, and extending to depth. Coincident magnetic anomalies reinforce the positioning of the large-scale gravity masses at this depth and approximately 800m apart. Management believes the best explanation for the twin mass anomalies is the presence of two very large vertically oriented SEDEX massive sulphide bodies.

The Sullivan Mine

Sullivan was discovered in 1892 and is one of the largest silver-lead-zinc SEDEX deposits in the world. Over its roughly 100-year lifetime, Sullivan produced almost 300 million ounces of silver, 36 billion pounds of lead and zinc plus smaller amounts of other metals, collectively worth over $40- billion at current metal prices. The company cautions that past results or discoveries on proximate land are not necessarily indicative of the results that may be achieved on the Sully property.

Technical contents of the Sully Project disclosure in this news release have been reviewed and approved by Paul Ransom, P.Geo., a qualified person as defined by National Instrument 43-101.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

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