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UNITED STATES 
  SECURITIES AND EXCHANGE COMMISSION
  Washington, D.C.
  20549

FORM 10-K/A(Amendment No. 1)

[X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
  SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended June 30, 2009

[   ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF
  THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from _______ to_______

Commission file number001-12974

SANTA FE GOLD CORPORATION(Exact name of registrant as specified in its charter)

|Delaware                                        | 84-1094315         
|----------------------------------------------- | -------------------
|(State or other jurisdiction of                 | (I.R.S. Employer   
|incorporation or organization)                  | Identification No.)
|                                                |                    
|1128 Pennsylvania NE, Suite 200, Albuquerque,NM | 87110              
|(Address of principal executive offices)        | (Zip Code)         

(505) 255-4852(Registrant's telephone number,
  including area code)

Securities registered pursuant to Section 12(b) of the Act: None

Securities registered pursuant to Section 12(g) of the Act:

Common stock, $.002 par value(Title of
  class)

Indicate by check mark if the registrant is a well-known
  seasoned issuer, as defined in Rule 405 of the Securities Act. 
  Yes [ 
   ]    No [X]

Indicate by check mark if the registrant is not required to file
  reports pursuant to Section 13 or Section 15(d) of the Act. 
  Yes [ 
   ]    No [X]

Indicate by check mark whether the issuer (1) filed all reports
  required to be filed by Sections 13 or 15(d) of the Securities
  Exchange Act
  of 1934 during the past 12 months (or for such shorter period that the
  registrant was required to file such reports),
  and (2) has been subject to
  such filing requirements for the past 90 days. 
  Yes [X]    No
  [   ]

Indicate by checkmark if disclosure of delinquent filers
  pursuant to Item 405 of Regulation S-K (§229.405 of this
  chapter) is not
  contained herein, and will not be contained, to the best of registrants
  knowledge, in definitive proxy or
  information statements incorporated by
  reference in Part III of this Form 10-K or any amendment to this Form 10-K. 
  [X]

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Indicate by check mark whether the registrant is a large
  accelerated filer, an accelerated filer, a non-accelerated filer or
  a
  smaller reporting company. See the definitions of large accelerated filer,
  accelerated filer and smaller reporting
  company in Rule 12b-2 of the
  Exchange Act.

|Large accelerated filer [   ] | Accelerated
      filer                   [ 
       ]
|----------------------------- | -----------------------------------------------------
|Non-accelerated filer   [   ] | Smaller reporting company [X]                        

Indicate by check mark whether the registrant is a shell company
  (as defined in Rule 12b-2 of the Exchange Act). 
  Yes [  
  ]    No [X]

The aggregate market value of the Common Stock of Santa Fe Gold
  Corporation held by non-affiliates as of the last
  business day of the
  registrants most recently completed second fiscal quarter was $35,225,161.

As of October 7, 2009, there were 83,723,208 shares of common
  stock outstanding.

DOCUMENTS INCORPORATED BY REFERENCE:None.

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Explanatory Note

Santa Fe Gold Corporation (we, our or the Company) is filing this
  Amendment No. 1 to its Form 10-K for the fiscal year ended June 30, 2009, which
  was originally filed with the Securities and Exchange Commission (SEC) on
  October 13, 2009. This Amendment No. 1 to Form 10-K should be read in
  conjunction with the Form 10-K and the Companys subsequent reports filed with
  the SEC.

This Amendment No. 1 incorporates amendments to our Form 10-K as follows:

General

We have corrected our commission file number on the cover of our Form 10-K to
  read 001-12974.

Disclosure Controls and Procedures

Under
  Item 8, we have added Managements Report on Internal Control Over Financial
  Reporting (following Table of Contents and before Report of Independent
  Registered Public Accounting Firm), pursuant to Item 308 of Regulation S-K.

Exhibit 31.1

We have revised our certifications to match the exactform set forth in
  Item 601(b)(31) of Regulation S-K.

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ITEM 8.

SANTA FE GOLD CORPORATION

MANAGEMENTS REPORT ON INTERNAL CONTROL OVER FINANCIAL
  REPORTING

Management
  of the Company, including the Chief Executive Officer and the Chief Financial
  Officer, is responsible for establishing and maintaining adequate internal
  control over financial reporting, as defined in Rules 13a-15(f) and 15d-15(f) of
the Securities Exchange Act of 1934, as amended.

Our
  internal controls were designed to provide reasonable assurance as to (i) the
  reliability of our financial reporting; (ii) the reliability of the preparation
  and presentation of the consolidated financial statements for external purposes
  in accordance with accounting principles generally accepted in the United
  States; and (iii) the safeguarding of assets from unauthorized use or
disposition.

We conducted an evaluation of the effectiveness of our internal control over
  financial reporting as of June 30, 2009 based on Internal Control 
    Integrated Framework issued by the Committee of Sponsoring Organizations of
  the Treadway Commission. Through this evaluation, we did not identify any
  material weaknesses in our internal controls. There are inherent limitations in
  the effectiveness of any system of internal control over financial reporting;
  however, based on our evaluation, we have concluded that our internal control
  over financial reporting was effective at a reasonable assurance level as of
  June 30, 2009.

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ITEM 15.      EXHIBITS

|Exhibit |  |                                                                                                                             |  |                          
|------- |  | --------------------------------------------------------------------------------------------------------------------------- |  | -------------------------
|No.     |  | Description                                                                                                                 |  | Location                 
|        |  |                                                                                                                             |  |                          
|31.1    |  | Certification
      of Principal Executive Officer and Chief Financial Officer pursuant to
      Rule 13a-14(a)/15d-14(a)   |  | Provided
      herewith  
|        |  |                                                                                                                             |  |                          
|32.1    |  | Certification
        of Principal Executive Officer and Chief Financial Officer pursuant to
        18 U.S.C. Section 1350 |  | Provided
        herewith

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SIGNATURES

Pursuant
to the requirements of Section 13 or 15(d) of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned, thereunto duly authorized, on April 30, 2010 .

SANTA FE GOLD
CORPORATION

| | By:    | /s/ W. Pierce Carson                       
| | ------ | -------------------------------------------
| | Name:  | W. Pierce Carson                           
| | Title: | President and Chief Executive
      Officer

Pursuant
to the requirements of the Securities Exchange Act of 1934, this report has been
signed by the following persons on behalf of the registrant in the capacities
indicated on April 30, 2010 .

|SIGNATURE                   |  | TITLE                                
|--------------------------- |  | -------------------------------------
|                            |  |                                      
|/s/ Lawrence G.
      Olson |  | Chairman of the Board                
|Lawrence G. Olson           |  |                                      
|                            |  |                                      
|/s/ W. Pierce
      Carson  |  | President and Chief Executive Officer
|W. Pierce Carson            |  | (Principal Executive Officer)        
|                            |  |                                      
|/s/ W. Pierce
      Carson  |  | Chief Financial Officer              
|W. Pierce Carson            |  | (Principal Financial Officer)        
|                            |  |                                      
|/s/ John E.
    Frost       |  | Director                             
|John E. Frost               |  |                                      

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