SUTTER GOLD MINING (SGM:TSX)(SGMNF.PK) Sutter Appoints Larsen as a Director, Anderson Steps Down -
Friday January 18, 9:00 am ET
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 18, 2008) -
Sutter Gold Mining Inc. -
(TSX VENTURE:SGM - News) announces that Mr. Keith G. Larsen,
Chief Executive Officer and Chairman of the Board of
U.S. Energy Corp., has been appointed to the Board of Directors
of Sutter Gold.
Mr. Larsen is a former director of The Brunton Company and
former CEO and director of Rocky Mountain Gas, Inc.
Mr. Larsen is a former director and founding member of
Pinnacle Gas Resources, a public natural gas company.
Mr. Larsen is also a managing member of the management
committee overseeing the venture between -
U.S. Energy Corp. and Kobex Resources Ltd. for the development
of the "Lucky Jack" molybdenum project.
The Board of Directors has also accepted the resignation of
Mr. Norman Anderson from the Board.
Mr. Anderson has had a long and distinguished career in the
mining industry, including being CEO and Chairman of Cominco Ltd.
(now Teck Cominco Ltd.) in the 1980s.
Mr. Anderson has been a valuable member of the Board since 2004
and the Board would like to thank him for his contributions
over the past four years.
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 101,385 feet of drilling have been accomplished
in 230 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 -
Lincoln Project and El Alamo, Mexico gold concession -
at
suttergoldmining.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.
Contact:
Hal Herron
Sutter Gold Mining Inc.
CEO
(307) 851-2742
Email: herron3@yahoo.com
Website:
suttergoldmining.com
Source: Sutter Gold Mining Inc.
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