Sutter Gold Mining Inc.(TSXV:SGM) announced the signing of a new Mineral Exploration and Purchase Option Agreement. The new agreement will expand the Company’s holdings in the Mother Lode Gold Belt, California.
As quoted in the press release:
The Agreement allows the Company to conduct mineral exploration along an additional one-mile of strike length contiguous with the Company’s current mineral holdings. The Company already has begun the process of compiling historical mining records and modern mineral exploration data on the new property.
Sutter Gold, President and CEO, Leanne Baker, said:
This agreement is an important milestone in Sutter’s on-going efforts to further consolidate the district, expanding the Company’s mineral holdings along the Mother Lode while bringing the Lincoln Mine Project into production.This agreement represents a significant expansion of our potential exploration targets along the Mother Lode of Amador County, which accounted for 7.8 million ounces of the 13 million ounces of historic production from the 120-mile long Mother Lode Gold Belt.