Sutter Gold Mining provides technical production update on Lincoln Project, California
Technical Studies and Initiatives that have been Completed:
- A Metallurgical Process and Mill Design Report has been prepared and
completed by H.C. Osborne, Independent Processing Consultant of
Commerce City, Colorado and McClelland Laboratories of Reno Nevada.
- Phase I of the Preliminary Mill Installation Estimate has been
completed by Vezer's Industrial Professionals of Suisun City,
California.
- A conceptual Study for a Paste Backfill System has been completed by
Golder Paste Technology of Sudbury, Ontario. The results from this
test work will also be used in the design of the process dewatering
and surface dry stack storage of whole tailings.
Technical Studies and Initiatives in Process:
- Golder Associates of Sacramento, California are preparing the
Material Waste Characterization Report and Water Quality Protection
Standards Report and expects both documents to be complete third
quarter 2009.
- Mine Development Associates of Reno, Nevada is performing a complete
audit and review of the updated geologic database and 3D resource
modeling for the Lincoln Project and expects a third quarter 2009
completion.
- Mark A. Suden Mining Construction of Jackson, California is
conducting the mine excavations for The Underground Bulk Sampling and
Testing Program and forecasts completion the third quarter 2009.
- McClelland Labs, American Assay, and BSI Labs, of Reno, Nevada along
with Mark Payne, P.Geo., Grass Valley, California and Bill Mitchell,
P.Geo., Placerville, California are preparing, assaying, documenting,
compiling and analysing samples from the bulk sample, underground
mapping, sampling and testing program currently underway and
expecting completion third quarter 2009.
- Mine Development Associates, an Independent Engineer of Reno, Nevada
is preparing a National Instrument 43-101 compliant technical report
and preliminary assessment and expects this report to be complete the
fourth quarter of 2009.
- Sutter Gold Mining's Technical Staff under the guidance of Golder
Associates of Sacramento, California are undertaking the preliminary
engineering and design for the Surface Fill Unit and Rock Storage
Area and expects completion the fourth quarter of 2009.
- Sutter Gold Mining staff, independent consultants and contractors are
also undertaking and addressing other related work activities,
technical studies and initiatives that will assist and support the
company's production decision, permitting, project financing,
execution, construction, mine development, and production timeline.
Updates as to our progress and status will continue to be
communicated as these activities advance.
Quality Assurance and Quality Control:
This press release has been reviewed and approved for dissemination by Sutter Gold Mining’s senior management including Chief Executive Officer,
About Sutter Gold Mining Inc.
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.
Forward-looking statements are based on a number of material factors and assumptions, including, the result of drilling and exploration activities, that contracted parties provide goods and/or services on the agreed timeframes, that equipment necessary for exploration is available as scheduled and does not incur unforeseen break downs, that no labour shortages or delays are incurred, that plant and equipment function as specified, that no unusual geological or technical problems occur, and that laboratory and other related services are available and perform as contracted. Forward-looking statements involve known and unknown risks, future events, conditions, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, prediction, projection, forecast, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, the interpretation and actual results of current exploration activities; changes in project parameters as plans continue to be refined; future prices of gold; possible variations in grade or recovery rates; failure of equipment or processes to operate as anticipated; the failure of contracted parties to perform; labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing or in the completion of exploration, as well as those factors disclosed in the company’s publicly filed documents. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
ON BEHALF OF THE BOARD OF DIRECTORS:
Clayr Alexander
President, CEO & Director
Sutter Gold Mining Inc.
SOURCE Sutter Gold Mining Co.