Sutter Gold Mining Inc. (TSXV:SGM,OTCQX:SGMNF) intersected 3.016 opt gold in a 1.2 foot interval during the initial drilling completed at the North Gover Property in California. All six drill holes made significant gold intersections.
As quoted in the press release:
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.
Sutter Gold Mining Inc. President and CEO, Leanne Baker said:
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. 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.
Get our expert guide to gold investing!
Click here to discover what the experts see coming in 2016 and beyond with our INN Insider's Report (value of $49) for FREE.
Limited time offer. No credit card required.