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Sutter Gold Mining (TSXV:SGM,OTCQX:SGMNF) discovered two new gold-bearing veins at its Lincoln Mine Project, and announced plans to drill up to six new holes on its newly-optioned property to the north.
As quoted in the press release:
Drilling has shown that a portion of the barren intervening area between the Lincoln and Comet segments of the mineable gold resources along the main structural trend, the 42 Vein System, remains barren, at least in the upper probed portions of that area. However, drilling at the southern portion of this area intersected a previously undiscovered west-dipping gold-bearing vein system at shallow depth west of the main vein trend and another significant one east of the main vein zone at greater depth. This latter fissure vein system, dipping vertically to slightly easterly, occurs along the contact zone between the augite-bearing Greenstone to the west and the carbonaceous fine grained argillites and meta-volcanic rocks, the Interbedded Sequence, to the east. The highest assay value returned was 1.19 oz. Au/ton over a down-hole drill interval of 1.8 feet. This vein zone most likely correlates with a gold-bearing east dipping intensely quartz-veined region along the Greenstone-Interbedded Sequence contact exposed in one of the east-extending crosscuts of the underground workings which reached that contact.
Click here to read the Sutter Gold Mining (TSXV:SGM,OTCQX:SGMNF) press release
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