Vancouver, British Columbia, November 19, 2009. Sutter Gold Mining Inc. ("Sutter" or "SGM" or the "Company") (TSX Venture: SGM) is pleased to update its shareholders and other interested individuals on the status of short term permitting initiatives at the Lincoln Project.
Technical Studies and Initiatives in Progress:
The Company submitted a Wetlands Delineation Report prepared by Berryman Ecological of Weimar, California to the US Army Corps of Engineers (USACE) as planned during the third quarter of 2009. The report delineated approximately one acre of seasonal wetlands that may be impacted by construction of select surface facilities associated the Company's Lincoln Project located in California's historic Mother Lode Gold Belt. The USACE completed their review and submitted their verification of the Wetlands Delineation Report to Sutter on September 28, 2009. This represents a significant advancement in the Federal Section 404 Clean Water Act permitting process. Sutter has retained Berryman Ecological to prepare the Section 404 Permit Application based, in part, on engineering design work by Golder Associates Inc. (Golder) of Roseville, California that is underway and scheduled for completion in the fourth quarter of 2009. The Company plans to avoid impacts to wetlands to the extent feasible and mitigate remaining impacts consistent with our Conditional Use Permit (CUP) and Mitigation Monitoring Plan. Based on communication with the USACE the Company believes its efforts in this regard will reduce the area of impacted wetlands such that permitting will follow a streamlined permitting process (e.g. Nationwide Permit or Letter of Permission) expected to be concluded in 6 to 9 months rather than the process for an Individual Permit under Section 404 which typically requires 18 to 24 months.
Also during the third quarter, Golder completed a Water Quality Protection Standards Report for two permitted mine waste storage units, the Surface Fill Unit and Rock Storage Area, at the Company's Lincoln Project. The report includes a statistical evaluation of at least eight (8) quarters of groundwater monitoring data for each disposal unit. The report establishes background groundwater quality and proposes a monitoring standard, including monitoring wells and parameters for each of the two units. The Company submitted the report, in compliance with their Waste Discharge Requirements, to the Central Valley California Regional Water Quality Control Board (RWQCB). The report is required prior to discharge of waste to the disposal units and is now undergoing an expected 45-day review by the RWQCB. This represents a significant advancement towards construction of the permitted mine waste disposal units and consequentially the Lincoln Project.
The Company has secured the major permits and approvals needed to construct and operate the Lincoln Project. These include but are not limited to a CUP issued by Amador County, an environmental review of the Project by the County pursuant to the California Environmental Quality Act or CEQA and Waste Discharge Requirements issued by the RWQCB. Collectively these permits, approvals and associated documents provide the "road map" to project construction and operation. The Company is actively following this road map and systematically complying with the conditions of approval and mitigation requirements in the existing permits. In addition, the Company is in the process of obtaining the remaining lesser construction and operating permits and approvals (e.g., grading and building permits, Section 404 Permit, etc.) The Company is on track to obtain the remaining permits and approvals over the next 18 to 24 months as the Company completes final design, secures project financing and completes construction.
Sutter is a growth-oriented exploration and development company pursuing the goal of becoming a 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 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.
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.
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 release contains "forward-looking statements" within the meaning of applicable Canadian securities legislation, including predictions, projections and forecasts. Forward-looking statements include, but are not limited to, statements that address activities, events or developments that the Company expects or anticipates will or may occur in the future, including such things as future business strategy, competitive strengths, goals, expansion, growth of the Company's businesses, operations, plans and with respect to exploration results, the timing and success of exploration activities generally, permitting time lines, government regulation of exploration and mining operations, environmental risks, title disputes or claims, limitations on insurance coverage, timing and possible outcome of any pending litigation and timing and results of future resource estimates or future economic studies.
Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "planning", "planned", "expects" or "looking forward", "does not expect", "continues", "scheduled", "estimates", "forecasts", "intends", "potential", "anticipates", "does not anticipate", or "belief", or describes a "goal", or variation of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved.
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.
You can view the Next News Releases item: March 9, 2010, Sutter Gold Secures Major Permits And Approvals For Construction And Operation Of The Lincoln Project
You can view the Previous News Releases item: September 30, 2009, Sutter Gold Announces Management Changes
You can return to the main News Releases page, or press the Back button on your browser.