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SANTA FE PACIFIC INCREASES GOLD RESERVES

 SANTA FE PACIFIC INCREASES GOLD RESERVES
 SCHAUMBURG, Ill., Sept. 3 /PRNewswire/ -- Santa Fe Pacific Gold


Corp. (SFPG), an indirect subsidiary of Santa Fe Pacific Corp. (NYSE: SFX), announced today an increase in proven and probable gold reserves from 5.8 million ounces as of Dec. 31, 1991 to 6.5 million ounces. This reflects an increase of 1.1 million ounces at the Lone Tree Mine less gold production during the first half of 1992 and the transfer of SFPG's share of the Marigold Mine reserves to Roby Partners.
 Gold reserves increased at the Lone Tree Mine as the result of additional drilling on the original Lone Tree orebody and the addition of adjacent Stonehouse reserves. The Stonehouse deposit was obtained from the Roby Partners in the spring of this year in exchange for SFPG's interest in the Marigold Joint Venture.
 Lone Tree Mine gold reserves now total 3.2 million ounces and the mine is expected to produce over 120,000 ounces of gold this year. Developmental drilling on the expanded Lone Tree Mine area continues. Total ore reserves at Lone Tree now include 9.9 million tons of oxide heap leach ore grading 0.102 ounces per ton, 9.2 million tons of sulfide mill ore grading 0.154 ounces per ton and 33.4 million tons of run-of-mine refractory heap leach ore grading 0.023 ounces per ton.
 Development of a refractory mill for processing refractory ores is underway at Lone Tree, with autoclave start-up anticiapted in March 1994.
 SFPG expects to produce approximately 320,000 ounces of gold this year.
 -0- 9/3/92
 /CONTACT: Catherine Westphal of Santa Fe Railway, 708-995-6273/
 (SFX) CO: Santa Fe Pacific Gold Corp.; Santa Fe Pacific Corp. ST: Illinois IN: MNG SU:


TS -- NY012 -- 6240 09/03/92 08:36 EDT
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Publication:PR Newswire
Date:Sep 3, 1992
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