Sutter Gold gets approval for its flagship Lincoln Project in California

Published: 10-Mar-2010

Sutter Gold Mining Inc. has announced that the company's flagship Lincoln Project, located in California's Mother Lode Gold Belt, Amador County has been approved.

The company has secured the major permits and approvals needed to construct and operate the project. These include a Conditional Use Permit issued by Amador County, an environmental review of the project by the County pursuant to the California Environmental Quality Act and WDRs issued by the RWQCB.

Collectively, these permits and approvals provide the critical components for project construction and operation. In addition, the company is in the process of obtaining the remaining construction and operating permits and approvals (e.g., grading and building permits, Section 404 Permit, etc.) The company is on track to obtain the remaining permits and approvals over the next 14 to 20 months, as it completes final design, secures project financing and completes construction.

Sutter continues to systematically advance the design and permitting work for the Lincoln Project. Concurrently, the company is updating the resource estimate and project economics necessary to raise financing for construction and development of the remaining facilities and improvements.

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