Sutter Gold Mining

Published : June 10th, 2015

Sutter Gold Provides Status Report on Amendments to Technical Disclosure Report for Lincoln Mine Property

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Gold | Market | Precious Metals | Recovery | Report | Silver |

Sutter Gold Provides Status Report on Amendments to Technical Disclosure Report for Lincoln Mine Property


June 10, 2015

Sutter Gold Provides Status Report on Amendments to Technical Disclosure Report for Lincoln Mine Property

Vancouver, British Columbia (June 10, 2015) - Sutter Gold Mining Inc. (SGM:TSX-V) (SGMNF:OTCQX) ("Sutter" or the "Company") is pleased to provide the following status report in respect of its proposal to update the resource estimates for the Lincoln Mine gold project in Sutter Creek, California.

As previously disclosed in its April 15, 2015 press release, following a review by the British Columbia Securities Commission (the "BCSC") of certain of the Company's technical disclosures, the Company began discussing the preparation of a new technical report. Subsequent to it news release, the Company engaged Mine Development Associates ("MDA") of Reno, Nevada to carry out the work necessary to prepare the report.

MDA has been instructed to prepare a consolidated NI 43-101 compliant report (the "Consolidated 2015 Report"), which will be comprised of an update of the June 16, 2011 Preliminary Economic Assessment (the "2011 PEA") of the Lincoln Comet deposit and a revised resource estimate, based on drilling, for the Company's Keystone deposit. Work has been ongoing since the engagement, and the Company hopes to be in a position to file the Consolidated 2015 Report by not later than July 3, 2015.

The resources noted in the Company's February 4, 2008 Technical Report (the "2008 Report") are not current and therefore should not be relied upon. With the goal of bringing the Keystone drilling portion of these 2008 resources forward and NI 43-101 compliant, the 2008 Keystone resource will be evaluated under current NI-43 101 guidelines as part of the work required for the Consolidated 2015 Report. The Company will promptly disclose any material changes to the Keystone and other 2008 estimates resulting from the preparation of the Consolidated 2015 Report. It is the Company's opinion that the Inferred B category of resources stated in the 2008 Report may require retraction.

The Company notes that previous disclosures of the Company's 2011 PEA, including news releases dating back to May 4, 2011 and the Company's MD&A filings since that date, should continue to be considered with the following cautionary language: the PEA is based on the evaluation of indicated and inferred mineral resources, is preliminary in nature, that it includes inferred mineral resources that are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves, and that there is no certainty that the preliminary economic assessment will be realized.

The disclosure in this news release has been reviewed and the scientific and technical content in the news release has been approved by Neil Prenn, a Qualified Person as defined in NI 43-101.

Sutter Gold

Sutter currently holds a number of precious metals properties in California, USA, including the permitted Lincoln underground mine near Sutter Creek, California, as well as a new, permitted processing facility, located near the entrance to the Lincoln Mine. In March 2014, the project was put on care and maintenance while certain mineral processing issues are being evaluated and the Company reduced costs due to capital constraints.

For further information, please contact:

Amanda Miller,
Chief Financial Officer
T:303 238 1438

www.suttergoldmining.com

Forward-Looking Statements
This news release contains "forward-looking information" under Canadian securities law. Any information that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words such as "expect", "anticipate", "believe", "plans", "estimate", "scheduling", "projected" or variations thereof or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking information. Forward-looking information relates to, among other things: the price of silver and gold; the accuracy of mineral resource and mineral reserve estimates; the ability of the Company to finance its operations and capital expenditures; future financial and operating performance including estimates of the Company's revenues and capital expenditures and estimated production.

Forward-looking information is subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those reflected in the forward-looking information, including, without limitation, risks relating to: fluctuating commodity prices; calculation of resources, reserves and mineralization and precious and base metal recovery; interpretations and assumptions of mineral resource and mineral reserve estimates; exploration and development programs; feasibility and engineering reports; permits and licenses; title to properties; recent market events and conditions; economic factors affecting the Company; timing, estimated amount, capital and operating expenditures and economic returns of future production; operations and political conditions; environmental risks; and risks and hazards of mining operations. This list is not exhaustive of the factors that may affect any of the Company's forward-looking information. Forward-looking information about the future is inherently uncertain, and actual achievements of the Company or other future events or conditions may differ materially from those reflected in the forward-looking information due to a variety of risks, uncertainties and other factors. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, described or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company's forward-looking information is based on the assumptions, beliefs, expectations and opinions of management as of the date of this press release, and other than as required by applicable securities laws, the Company does not assume any obligation to update forward-looking statements and information if circumstances or management's assumptions, beliefs, expectations or opinions should change, or changes in any other events affecting such statements or information. For the reasons set forth above, investors should not place undue reliance on forward-looking information.

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.


Read the rest of the article at www.noodls.com

Sutter Gold Mining

CODE : SGM.V
ISIN : CA86944A1057
CUSIP : 86944
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Sutter Gold is a gold development stage company based in United states of america.

Sutter Gold holds various exploration projects in Mexico and in USA.

Its main exploration properties are SUTTER and KEYSTONE MINE in USA and SANTA TERESA in Mexico.

Sutter Gold is listed in Canada and in United States of America. Its market capitalisation is CA$ 1.2 millions as of today (US$ 921 371, € 810 143).

Its stock quote reached its highest recent level on December 29, 2006 at CA$ 0.68, and its lowest recent point on June 28, 2019 at CA$ 0.01.

Sutter Gold has 124 108 655 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Financings of Sutter Gold Mining
1/17/2013CLOSES FINAL TRANCHE ON NON=2DBROKERED PRIVATE PLACEMENT
1/16/2013Closes Final Tranche on Non-Brokered Private Placement
11/14/2012CLOSES FIRST TRANCHE USD $1 MILLION NON=2DBROKERED PRIVATE P...
Project news of Sutter Gold Mining
7/31/2013ANNOUNCES SETTLEMENT AND PROVIDES PROJECT UPDATE
2/22/2013PROVIDES LINCOLN MINE PROJECT UPDATE
6/21/2012ANNOUNCES MAJOR ADDITION TO ITS MINERAL EXPLORATION HOLDINGS...
6/20/2012FINALIZES KEY SECTION 404 PERMIT AND PROVIDES PERMITTING UPD...
12/19/2007and Premier Begin Diamond Drilling at High Grade El Alamo Di...
10/29/2007and Premier Expand Holdings at High Grade El Alamo District
7/16/2007(Sutter Gold Mine)Announces Latest Drilling Results and Commencement of Its 20...
Corporate news of Sutter Gold Mining
5/6/2016Primary Capital Retained By RMB Australia Holdings Limited
9/11/2015Sutter Gold Clarifies Disclosures Made In Its August 2015 Co...
7/15/2015Sutter Gold Announces Termination Of Tyhee Implementation Ag...
7/14/2015Sutter Gold Announces Termination of Tyhee Implemenation Agr...
4/15/2015Sutter Gold Clarifies Disclosure Concerning Certain Mineral ...
1/20/2015Sutter Gold Mining Unaware of Any Material Change
7/7/2014IIROC Trading Resumption - SGM
7/4/2014Sutter Gold Announces New Major Shareholder and Restructures...
7/2/2014IIROC Trading Halt - SGM
4/15/2014Sutter Gold Mining Inc. Announces Appointment of New CFO
7/3/2013IMPLEMENTS COST CUTTING MEASURES AND PROVIDES DEVELOPMENT U...
5/23/2013SIGNS US $8 MILLION INCREASE AND REPAYMENT EXTENSION TO SECU...
2/22/2013INTERSECTS 3.016 OPT GOLD IN 1.2=2DFOOT INTERVAL IN INITIAL ...
11/13/2012Exhibits at San Francisco Hard Assets Conference
10/18/2012Closes US $12 Million Secured Short-Term Credit Facility and...
10/10/2012PROVIDES UPDATE ON MINING=2C CONSTRUCTION ACTIVITIES AT THE...
10/10/2012Provides Update on Mining, Construction Activities at the Li...
1/18/2012JANUARY 18, 2012 (4)
7/19/2011JULY 19, 2011References: <427726BF-E2D4-4684-9EAA-BD864CC4D6...
7/19/2011JULY 19, 2011References: <617D2582-8D34-4346-BAC7-C42057925C...
7/19/2011JULY 19, 2011
7/14/2011(Sutter)FROM SUTTER GOLDReferences: <9DABEFEE-06F1-4011-A724-73FD211...
6/23/2011(Sutter)Fwd: Sutter Gold Mining Inc. News Release - June 22, 2011Ref...
6/22/2011Announces Positive Production Decision for the Lincoln Mine ...
5/4/2011Announces Positive Preliminary Economic Assessment for the L...
8/20/2007GOLD AND PREMIER GOLD ANNOUNCE SIGNING JOINT VENTURE AGREEME...
7/25/2007 Hires Investor Relations Firm
6/26/2007Continuation of Surface And Underground Diamond Drill Progra...
6/19/2007Inc. Press Release
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (SGM.V)Other OTC (SGMNF)
0.010+0.00%0.0000.00%
TSX-V
CA$ 0.010
06/28 17:00 -
0%
Prev close Open
0.010 0.010
Low High
0.010 0.010
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
- -  0.010 -%
Volume 1 month var.
916,000 -%
24hGold TrendPower© : -34
Produces
Develops
Explores for
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.05+0.43%Trend Power :
OceanaGold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 8.91-2.73%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.59-3.26%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.05+10.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.06+0.00%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
 12.67+0.88%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.34+6.25%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.18+0.00%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
 1.77-2.21%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 40.37-0.22%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.04+0.00%Trend Power :
Take advantage of rising gold stocks
  • Subscribe to our weekly mining market briefing.
  • Receive our research reports on junior mining companies
    with the strongest potential
  • Free service, your email is safe
  • Limited offer, register now !
Go to website.