Sutter Gold Mining Inc. (SGM.V) was up by more than 5% in the afternoon. It is trading at day high $0.195 with about 16,000 shares changing hands.
This was after the company announced that it has received the building permit to construct the new mill complex at its Lincoln Mine Project in the heart of California's Mother Lode gold belt.
Leanne Baker, President & CEO, said: "This is a critical milestone for our company. As the mill foundation / building construction proceeds through the summer and fall of 2012, we plan to work concurrently to prepare and develop the underground stopes for mining."
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
