Sutter Receives Key Approval Required to Develop and Operate at the Lincoln Project
Dec 16, 2011
OTC Disclosure News Service
Lakewood, CO –
NEWS RELEASE FOR IMMEDIATE RELEASE: November 18, 2010
SUTTER GOLD MOVES CLOSER TO PRODUCTION
– RECEIVES KEY APPROVAL REQUIRED TO DEVELOP AND OPERATE AT THE LINCOLN PROJECT –
Vancouver, British Columbia (November 18, 2010) – Sutter Gold Mining Inc. (SGM:TSX-V) (“Sutter” or the “Company”) is pleased to announce that it has received regulatory approval of the revised Wetlands Delineation, a key approval required to develop and operate at the Company’s Lincoln Project (the “Project”) located in the historic Mother Lode Gold Belt of Amador County, California.
Regulatory Approval of Wetlands Delineation
As part of the Company’s ongoing mine permitting and permit compliance initiatives, Sutter recently received a Preliminary Jurisdictional Determination (JD) from the US Army Corps of Engineers (USACE). This approval pertains to the Company’s revised Wetlands Delineation prepared by Berryman Ecological of Weimar, California. In issuing this JD, the USACE concurred with Sutter’s delineation, which identified 1.02 acres of seasonal wetlands and other waters within the “Area of Potential Effect” (approximately 95 acres) where surface disturbance associated with the Lincoln Project may occur.
The Company estimates that the Lincoln Project may fill or impact only 0.75 acres of wetlands and other waters in the vicinity. This represents a significant reduction in impacts to wetlands (and other waters of the US) from previous development concepts that would have impacted between 0.99 and 1.97 acres. This reduction in impacts to wetlands reflects the Company’s efforts to continuously improve the Lincoln Project design, reducing the environmental footprint as Sutter advances the design to construction and production.
In related matters, the Company’s consultants recently completed studies in support of the wetlands permitting efforts to determine the nature and extent of potential impacts to biological and cultural resources. More specifically, Berryman Ecological completed studies to assure compliance with the Endangered Species Act, concluding that the Lincoln Project, as currently planned, would not impact any federally listed species identified in the area. Similarly, Analytical Environmental Services of Sacramento, California completed an assessment of cultural resources in compliance with Section 106 of the National Historic Preservation Act, making a finding of “No Historic Properties Affected” for the Project. For a description of other ongoing permitting initiatives, see Sutter news release from August 10, 2010.
Earlier this month, the Company met with the USACE to review their pre-application package submitted in October, 2010. Currently, Sutter is finalizing their permit application package to fill wetlands and other waters of the US under Section 404 of the Clean Water Act. The Company anticipates completing this permitting process next year in time for the 2011 construction season.
Sutter is a growth-oriented exploration and development company preparing to become a North American gold producer. The Company has two projects: the Lincoln Project located in the Mother Lode Gold Belt of California and the Santa Theresa Project located in the Northern Baja region of Mexico. Currently, the Company’s primary focus is the evaluation and development of the Lincoln Project located on the California Mother Lode Gold Belt in Amador County. Sutter currently controls approximately 3.6 miles of the Mother Lode of Amador County, and with 90% of the property still unexplored, potential exists both at depth and along strike of the known mineralized zones. The 120-mile long Mother Lode Gold Belt produced over 13 million ounces of gold historically with 7.9 million ounces originating from the 10-mile long segment between Jackson and Plymouth where the Lincoln Project is strategically located. Properties under the Company’s control include eight historic mines with significant historic gold production totaling over 3.5 million ounces or 27% of the historic gold production from the Mother Lode. Historic mines located north and south of the Lincoln Project in the Jackson to Plymouth segment of the Mother Lode successfully mined gold to depths of 4,500 and 6,300 feet, respectively.
In Mexico, Sutter holds the rights to the Santa Teresa Mineral Concession located in the, 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.
For further information please contact:
Robert Hutmacher, Chief Financial Officer at 303 238 1438 ext. 22
Website at www.suttergoldmining.com
Forward Looking Statements
This news release may contain forward‐looking statements that are based on Sutter Gold Mining Inc.’s expectations, estimates and projections regarding its business and the economic environment in which it operates. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. Therefore, actual outcomes and results may differ materially from those expressed in these forward‐looking statements and readers should not place undue reliance on such statements. Statements speak only as of the date on which they are made, and the Company undertakes no obligation to update them publicly to reflect new information or the occurrence of future events or circumstances, unless otherwise required to do so by law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.