VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 02/22/13 -- Sutter Gold Mining Inc. (TSX VENTURE: SGM)(OTCQX: SGMNF) ("Sutter" or "the Company") is pleased to announce the results of its preliminary core drilling campaign at the North Gover Property located at the north tier of its property holdings in Amador County, California. All six drill holes made significant gold intersections, with the best ones as follows: SGD-67 returned 3.016 ounces per ton (opt) over 1.2 feet core interval and 0.338 opt over 2.0 feet core interval within a 14.2 feet intersection calculating to 2.5 feet true width at a weighted average grade of 0.41 opt Au; SGD-66 returned 0.523 opt Au over a 2.0 feet interval within a 23.0 feet gold mineralized intersection calculating to 11.5 feet true thickness at a weighted average grade of 0.142 opt Au; SGD-64 returned 0.312 opt Au over 3.0 feet core intersection compositing to 0.9 foot true width at 0.312 opt Au; SGD-62 returned 0.341 opt Au over a core interval of 3.6 feet within a down-hole vein interval of 6.1 feet calculating to 3.9 feet true width at a weighted average of 0.224 opt Au.
"The early results from North Gover demonstrate the potential that we believe exists for additional gold resources in Amador County, where well over half of the historic Mother Lode gold production took place," said Leanne Baker, President & CEO. "Sutter Gold further consolidated its land and mineral holdings in 2012, and we were able to take advantage of drills already on site from our Lincoln Mine Project exploration program to drill these initial holes. Exploration is a key focus of our team, both on our mining project under the direction of Art Campo, our Chief Mine Geologist, and elsewhere including our substantial Mother Lode holdings, under the direction of Scott Briscoe, our new Senior Exploration Geologist."
The North Gover property, consisting of five conterminous patented mining claims, was acquired in mid-2012. These claims extend Sutter Gold Mining Inc.'s land holdings along the central Mother Lode gold system for an additional one mile to the north of its previous land holdings, bringing the Company's control of the main Mother lode fissure-fault zone to a continuous linear distance of over four miles. Relatively complete old-time underground mine workings maps and exploration data files for the newly acquired five claims are in the possession of Sutter Gold at its Sutter Creek, CA office.
The North Gover property is the southern one-mile-long portion of what was once called the Italian Prospect, an area which had been explored in the past through 53 drill holes by four companies, the latest in 1988 by Meridian Mining Co. The highest grade intersection made by past core drilling was seventeen feet (17.0') down-hole width grading 1.25 oz/ton Au. Within the North Gover property, one particular set of two historic drill holes on Section 8400N, drilled from the same site at different angles of inclination, made intersections of 5 ft of 0.332 opt Au and 10ft of 0.322 opt Au respectively. The two intersections appear in cross section to define a fissure vein dipping easterly at a moderate angle. Because the nearest drill holes were 200 feet north and 200 feet south respectively of the 8400N cross section, it was decided that while the drill rig was available at the Lincoln Mine site, the rig be moved to the North Gover property and six holes would be drilled on two sections, respectively 100 feet north and 100 feet south of Section 8400N.
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