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
October 24, 2005 NR011-2005 Sutter Gold water discharge permit approved by Water Board
Vancouver B.C., Sutter Gold Mining Inc. (TSX-VX: SGM) reports that
the California Regional Water Quality Control Board (CRWQCB), Central Valley
Region officially approved Sutter Gold’s waste water discharge permit
at their October
21, 2005 board meeting.
The
water discharge permit is the final major permit required for the Sutter Gold
project. The permit will allow the Company to store its dewatered tails at a
dry-stacked surface fill unit as well as use mill tailings for mine backfill.
This permit will
save the project substantial cost in comparison to building a traditional
tailings facility. Sutter Gold CEO Hal Herron stated, “This is a major step forward for
our Company. This has been a long process and we are excited to now be moving
forward at a time when the price of gold is over $450 per ounce.
Obtaining this
important permit adds significant value to the Sutter Gold project. I want to
take this opportunity to compliment the CRWQCB staff for their contributions and hard work in
preparing our permit and demonstrating that California is indeed open for
business.” About Sutter Gold Mine The Sutter Gold project contains a 3.2 mile
segment of the Mother Lode belt from which 10 historic mines
produced 2.3
million ounces of gold. The historic mines bracket a one-mile-long portion
of the Mother Lode belt with no historic gold production and which contains the Lincoln and
Comet zones. The Lincoln and Comet zones were blind discoveries that did not
outcrop at surface and which represent the first significant new gold
discoveries made
along the Mother Lode belt in the last 50 years. 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 five raises.
The historic gold production was documented in a
detailed report
completed by Mark Payne, the consulting geologist to Sutter Gold and a qualified
person as defined by National Instrument 43-101. Further information is
available at the Company’s website at www.suttergoldmining.com.
For
additional information, please contact: Hal Herron, CEO, 307-856-9271 or via e-mail
at hal@usnrg.com John Kuehne, SmallCap Corporate Partners at 866-380-2274 or via
email at john@smallcap.ca . 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.