Sutter Gold Mining Intersects 4.317 Opt Au in 1.8-Foot Interval and 1.791 Opt Au in 2.1-Foot Interval at Lincoln Project, California First Assays from Drill Program Extend Gold Zones and Confirm Continuity and Consistency -
VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 6, 2012) -
Sutter Gold Mining Inc. (TSX VENTURE:SGM)(OTCQX:SGMNF) ("Sutter" or "the Company") is pleased to announce exciting analytical results for portions of the first three diamond drill-holes of Phase I drilling program in progress at its Lincoln Mine Project located near Sutter Creek, California.
The highest values came from DDH-198, which intersected 4.317 ounces of gold per ton (opt) in a 1.8-foot interval and 1.791 opt in the adjacent 2.1-foot interval. Both DDH-196 and DDH-197 intersected the quartz vein structure which hosts much of Sutter's Lincoln Mine Project gold values, and DDH-197 significantly extends the gold-bearing zone upwards in the southern portion of the Lincoln resource block.
"Our 2012 drilling program is off to a strong start," said Leanne Baker, President & CEO of Sutter. "Our exploration team is focusing on near-surface extensions of gold-bearing zone and the under-explored region between the Comet and Lincoln segments of the gold resource. Results from the first three holes suggest initial success on both fronts."
Phase I of the drilling campaign consists of 17 angle core holes drilling at the central and southern portion of the gold resource zone of which five drill-holes have been completed.
Phase II of the program will consist of 11 holes to be drilled in the northern or Comet portion of the Lincoln Project. The initial batch of preliminary analytical results for segments of the first three completed drill-holes were received on March 2, 2012.
DDH-196, the first hole of the drilling program, drilled at an inclination of -65°, intersected 39.9 feet of intense quartz veining within the sericite-carbonate-altered meta-volcanic host from 255.6 feet to 295.5 feet depth. Vein orientations to core axis suggest that the true width of this zone is 30.5 feet, with a weighted average grade of 0.121 oz/ton Au. This broad gold intersection contains an interval at the bottom of the veined zone that would be considered for mining: 3.9 feet true width at 0.329 oz/ton. Individual assay intervals are as follows:
Montanore and all new SGM shareholders congratulation to Sutter Gold mine (SGMNF/SGM :-) - looks great--I picked up a starter position today - I have continued to add more - :-)
Welcome to Sutter Gold Mining :-) good to see @ the California Au Mother Lode :-)
Currently, the Company's primary focus is the evaluation and development of the Lincoln Project, beginning with the shallow portion of the Lincoln-Comet ore zone of the Lincoln Project, located on the California Mother Lode Gold Belt.
The Lincoln-Comet and Keystone zones have a NI 43-101 compliant Indicated 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.