Sutter Gold Mining ( (TSX:SGM)fiat(CAD)$ 0.135 UP $0.01 (8.00% :-) Bid 0.135 Ask 0.14 Volume 48,000 Day's Range 0.135 - 0.135 Last Trade 11:08:47 AM EST Click for Detailed Quote Page
i like this; goal of becoming an emerging gold producer :-)
Sutter is a growth-oriented exploration and development company pursuing the goal of becoming an emerging gold producer.
Currently, the Company's primary focus is the evaluation and development of the Lincoln-Comet zone of the Lincoln Project located on the California Mother Lode Gold Belt in Amador County.
The Lincoln-Comet and Keystone zones have a NI 43-101 compliant resource estimate (completed in February 2008) of 612,400 tonnes (673,600 tons) grading 11.3 g/t Au (0.33 oz/ton) containing 223,000 ounces of gold and Inferred Resources of 2,161,700 tonnes (2,377,900 tons) grading 6.6 g/t Au (0.19 oz/ton) containing 458,900 ounces of gold.
SGM currently controls over three miles of the Mother Lode, with 90% of the property still unexplored. Potential exists at depth on the known mineralized zones on both the footwall and hanging wall of the Mother Lode, and on the Melones Fault, which is the principal regional structure of the Mother Lode that exists on the eastern portion of SGM's property and mineral holdings.
In Mexico, SGM holds the rights to the geologically similar, high-grade El Alamo district of northern Baja, where historic mining to the water table produced mined grades of 30 to 60 g/t gold. Initial exploration with its joint-venture partner, Premier Gold, has demonstrated the extension of high-grade veins.
ON BEHALF OF THE BOARD OF DIRECTORS:
James Crombie, President, CEO & Director
Sutter Gold Mining Inc.
Contact:
Robert Hutmacher Sutter Gold Mining Inc. Chief Financial Officer 303 238 1438 ext. 22 bhutmacher@suttergoldmining.com
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