Sutter Gold Mining Inc.

Sutter Gold Mining Inc.

October 12, 2005 12:54 ET

Sutter Gold Quantifies Historical Gold Production from Properties

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Oct. 12, 2005) - Sutter Gold Mining Inc. (TSX VENTURE:SGM) reports that a newly compiled review of documentation of historic gold production from properties within the Sutter Gold Project has shown that between 1857 and 1951 a total of 2,350,096 ounces of Gold was produced from 10 historic mines within the project area. The project area contains a 3.2 mile segment of the Mother Lode Belt. This detailed report was completed by Mark Payne, the consulting geologist to Sutter Gold and a Qualified Person as defined by NI 43-101.

Commenting on the historical production, Sutter Gold CEO Hal Herron stated, "We now have a substantive number which we think speaks to the potential of our property. The 2.3 million ounces of gold production came from zones ranging from the surface to 4,500 feet vertical depth. Production was halted in most of the 10 mines because of the Second World War; they were not closed because they ran out of ore. What really excites us is that these very productive mines within our project area chased veins to 7 times the depth of our present workings. While there can be no guarantee of economic mineralization within our project, we are very encouraged by this data."

Mr. Payne states, "The areas of large historic gold production are found at the north and south ends of the Sutter Gold Project area, bracketing a one-mile long portion of the Mother Lode Belt with no historic gold production, and which hosts our Lincoln and Comet Zones. The Lincoln and Comet Zones were blind discoveries that did not outcrop at surface, and which represent the first significant new gold discoveries made along the Mother Lode Belt in the last fifty-years, that are unrelated to past-producing mines. There is excellent potential for continued new discoveries within the area of the Lincoln and Comet Zones, both near the surface and at depth." The Sutter Gold Project heralds a new episode in the exploration and gold production of the Mother Lode Belt.

About Sutter Gold Mine

The Sutter Gold Project is situated on a contiguous 535-acre block of mining claims 45 miles east-southeast of Sacramento, Calif., in the central part of the 121-mile-long Mother Lode gold belt. The Sutter Gold project has been the subject of considerable modern exploration activity, most of it centering on the Lincoln and Comet zones, which are adjacent to each other and together referred to as the Lincoln project. A total of 85,085 feet of drilling have been accomplished in 190 diamond drill holes, and modern underground development consists of a 2,850-foot declined ramp with 2,400 feet of crosscuts plus five raises.

The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this news release.

Contact Information

  • Sutter Gold Mining Inc.
    Hal Herron
    (307) 856-9271
    Sutter Gold Mining Inc.
    Suite 410 - 325 Howe St.
    Vancouver, BC Canada V6C 1Z7
    (604) 687-3520
    (604) 688-3392 (FAX)
    SmallCap Corporate Partners
    John Kuehne
    (866) 380-2274