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Sutter Gold Mining Inc. (TSX VENTURE:SGM - News;
"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.
About Sutter
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.
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.
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