Sutter Gold Mining Reports Drilling Results at North Gover Prospect


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Sutter Gold Mining Inc. (SGM.V) announced the results of its preliminary core drilling campaign at the North Gover Property in California. All six drill holes made significant gold intersections.

The company also updated on its new Lincoln Mine Project in California.

"We made significant progress on several key fronts in 2012, and we are working toward becoming cash flow positive at our Lincoln Mine Project before the end of 2013," said Leanne Baker, President & CEO. "We have already started the process of closing out our various building permits, with the intention of commissioning the mill and moving into our new shop & staff services building in the near future. Our underground development is progressing, but has fallen behind our previous schedule. We are taking steps to complete the initial development required for ore production to the mill in the second quarter of 2013, now expecting ramp-up to full production in the fourth quarter of 2013."

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This article appears in: Investing , Commodities

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