The Santa Teresa Project located in the Northern Baja region of Mexico is situated adjacent to and on strike from the past-producing Princessa Mine (the district's largest gold producer), which was mined to a maximum depth of only 110 metres, and the whole orebody was known to extend close to the northern boundary of the Santa Teresa Property. Gold production at El Alamo, a 16 kilometre long district, was halted at its peak owing to technological and political circumstances early in the 20th century. Since then, only minimal exploration has taken place, presenting a unique opportunity for Sutter Gold and its joint-venture partner Premier Gold Mines Ltd. Premier has secured the right to earn up to a 65% interest in the Santa Teresa Project from Sutter.

Exploration & Development:

In June, 2008 Premier signed a Memorandum of Understanding with Compania Minera Quasaro SA de CV to purchase the La Victoria Concession for the joint venture. The La Victoria Concession in land-locked within the Santa Teresa I Concession and the veins currently being explored in the Phase I program may extend along strike into La Victoria. In January, 2009, Sutter released the assay results from the initial 32 hole Phase 1 program: these results included intercepts as high as 21.10 grams per ton or 0.62 ounces of gold per ton across 1.35 metres and 16.68 g/t of gold across 3.1 metres. These results continue to demonstrate the potential of this underexplored district. The results also confirmed multiple high-grade veins up to 260 metres along strike from the historic Princessa Gold Mine and that all known structures remain open in all directions.

 

©2009 Sutter Gold Mining Inc.

HomeCorporateProjectsInvestorsNewsContactQwikReportDisclaimer