SUTTER GOLD MINING INC.
T S X - V X :
S G M Suite 410 - 325 Howe St., Vancouver, BC Canada V6C 1Z7 • Tel:
604-687-3520 • Fax: 604-688-3392
17
March 2005 NR05-03 Sutter Gold hires consulting geologist Vancouver B.C., Sutter Gold Mining Inc.
(TSX-VX: SGM) announces the hiring of Mr. Mark Payne, consulting
geologist, to
coordinate exploration work at the Company's gold project.
Scope of Work Mark
Payne, leading exploration geologist based in Grass Valley, CA, has been hired
by the Company to oversee the geological aspects of an ongoing underground exploration
and development program. Mr. Payne is a licensed professional geologist in the
State of California and has 27 years of mineral exploration experience in
the western
United States, and extensive experience exploring complex vein deposits.
Recently, he completed 11 years of service as Chief Geologist at a large gold-quartz vein
project in California, having calculated resources in 90 separate zones. Mr. Payne
is designated as a Qualified Person as defined by NI 43-101.
The scope of Mr Payne’s work will include reviewing core hole data,
geologic mapping of the Intermediate Drift and raises in the area of proposed
development, the identification of additional step-out core drill locations, and
developing a
comprehensive mine sampling and QA/QC program for the project. The work done on
resource estimation in 1993 is not in accordance with current 43-101
reporting standards. In addition, a pre-feasibility study from 1993 is no longer current as the
economic assumptions used in it are more than 10 years out of date.
Mr. Payne is
well versed in resource/reserve validation for gold-quartz vein deposits and
will work towards updating that Historical Resource in compliance with the current NI
43-101 guidelines. Mr.
Hal Herron, Sutter's CEO said , "The Company is fortunate to have Mark Payne on
the project as he has a comprehensive knowledge of exploration and development methodologies
applicable to gold deposits in the Mother Lode Belt. While management believes
the resource estimates from 1993 to be reasonable, it is our goal
to
quickly be in the position to have a resource we can talk about in accordance
with 43-101 standards.” Mr Payne will also coordinate mine development
with the mining engineers with a goal to updating the 1993
pre- feasibility
study to current standards.” About Sutter Gold Mine
The
Sutter Gold project is situated on a contiguous 535-acre block of mining claims
45 miles east-southeast of Sacramento, Calif., in the central part of the 121-mile-long Mother
Lode gold belt. The Sutter Gold property itself has had recorded production of 1,324,000
ounces of gold, essentially all of this prior to 1920, and this recovery
was from the
Wildman, Mahoney, Lincoln, South Spring Hill, Keystone and Medean Mines.
The
Sutter Gold project has been the subject of considerable modern exploration
activity, most of it centering on the Lincoln and Comet zones, which are
adjacent to each other and together referred to as the Lincoln project. A
total of
85,085 feet of drilling have been
accomplished in 190 diamond drill holes,
and modern underground development consists of a 2,850-foot
declined ramp with 2,400 feet of crosscuts plus four raises.
Mr.
Payne is designated as the Qualified Person as defined by NI 43-101 and has
reviewed this release. For additional information, please contact:
Mr. John Kuehne,
SmallCap Corporate Partners by telephone at 250-216-7299 or via email at
john@smallcap.ca. Hal Herron, CEO, 307-856-9271 or via e-mail
at hal@usnrg.com. The
TSX Venture Exchange has in no way passed upon the merits of the proposed
transaction and has neither approved nor disapproved the contents of this news
release.