VANCOUVER, June 15 /CNW/ - Sutter Gold Mining Inc. ("Sutter" or "SGM" or
the "Company") (TSX Venture: SGM) is pleased to announce the appointment of
Mr. James A. Crombie and Mr. David A. Fennell as Directors to the Board of
Directors of Sutter Gold Mining Inc. Both Directors stood for nomination and
were subsequently elected to the Board at the Company's Annual and Special
Meeting of Shareholders which was held on June 9, 2009 in Vancouver, British
Clayr Alexander, President and CEO stated, "We welcome both Mr. Crombie
and Mr. Fennell to our Board and we look forward to their input. Their breadth
of experience in the mining industry will be a tremendous addition to Sutter's
current complement of Board Members."
James A. Crombie
Mr. Crombie graduated from the Royal School of Mines, London, in 1980
with a B.Sc. (Hons) in Mining Engineering, having been awarded an Anglo
American scholarship. Mr. Crombie has held various positions in the mining
industry; including DeBeers Consolidated Mines and the Anglo American
Corporation in South Africa and Angola between 1980 and 1986. He spent the
next thirteen years as a mining analyst and investment banker with Shepards,
Merrill Lynch, James Capel & Company and finally with Yorkton Securities. Mr.
Crombie was the Vice President, Corporate Development of Hope Bay Mining
Corporation Inc. from February 1999 through May 2002 and President and CEO of
Ariane Gold Corporation from August 2002 to November 2003. Mr. Crombie was
President, CEO and a director of Palmarejo Silver and Gold Corporation until
the merger with Coeur d'Alene Mines Corporation, one of the world's leading
silver companies, in December 2007. He was a director of Sherwood Copper
Corporation until its business combination with Capstone Mining Corporation in
November 2008. Currently, Mr. Crombie is a director of Arian Silver
Corporation and is CEO, Executive Vice-Chairman of Queensland Minerals Ltd.,
President, CEO and director of Odyssey Resources Ltd., and President, CEO and
director of Reunion Gold Corporation.
David A. Fennell, Director
Mr. Fennell received his law degree in 1979 from the University of
Alberta and practiced in the areas of corporate and resource law, until 1983
when he founded Golden Star Resources. During his term as President and CEO,
Golden Star became a TSE 300 company and one of the largest and most
successful exploration companies. In 1998, Mr. Fennell left Golden Star to
become Chairman and CEO of Cambiex Explorations Ltd, which became Hope Bay
Gold Corporation. He held this position until the merger of Hope Bay and
Miramar Mining Corporation where he continued as Executive Vice-Chairman and
director for the combined entity until its takeover, in January 2008, by
Newmont Mining Corporation, a leading gold producer. He was Chairman of Ariane
Gold Corporation from August 2002 until its acquisition by Cambior Inc. in
November 2003, and was a director of Palmarejo Silver and Gold Corporation
until the merger with Coeur d'Alene Mines Corporation, one of the world's
leading silver companies, in December 2007. He was Chairman of Maximus
Ventures Ltd. until the business combination with NX Gold Ltd and was
subsequently renamed Bear Lake Gold Ltd. Mr. Fennell is currently Chairman of
Bear Lake Gold Ltd. and Queensland Minerals Ltd., and Executive Chairman of
Odyssey Resources Ltd., a director of Major Drilling Group International Inc.
and Chairman of Reunion Gold Corporation.
About Sutter Gold Mining Inc.
Sutter is a junior gold exploration and development company pursuing the
goal of becoming an emerging producer through the evaluation of the
development of the Lincoln-Comet zone of the Sutter Gold Project on the
California Mother Lode. SGM currently controls over 3 miles of the Mother Lode
where 90% of the property has not been explored despite the definition of
nearly 700,000 ounces of indicated and inferred resource. Unexplored potential
exists at depth on the known zones, on both the footwall and hanging wall of
the Mother Lode and on the Melones Fault, which is the principal regional
structure giving rise to the Mother Lode that exists on the eastern portion of
SGM's property package. In Mexico, SGM hold the rights to the geologically
similar, high-grade El Alamo district of northern Baja were historic mining to
the water table produced mined grades of 30 to 60 g/t of gold. Initial
exploration with its joint-venture partner, Premier Gold has demonstrated the
extension of high-grade veins.
FORWARD LOOKING STATEMENTS
This release contains "forward-looking statements" within the meaning of
applicable Canadian securities legislation, including predictions, projections
and forecasts. Forward-looking statements include, but are not limited to,
statements that address activities, events or developments that the Company
expects or anticipates will or may occur in the future, including such things
as future business strategy, competitive strengths, goals, expansion, growth
of the Company's businesses, operations, plans and with respect to exploration
results, the timing and success of exploration activities generally,
permitting time lines, government regulation of exploration and mining
operations, environmental risks, title disputes or claims, limitations on
insurance coverage, timing and possible outcome of any pending litigation and
timing and results of future resource estimates or future economic studies.
Often, but not always, forward-looking statements can be identified by
the use of words such as "plans", "planning", "planned", "expects" or "looking
forward", "does not expect", "continues", "scheduled", "estimates",
"forecasts", "intends", "potential", "anticipates", "does not anticipate", or
"belief", or describes a "goal", or variation of such words and phrases or
state that certain actions, events or results "may", "could", "would", "might"
or "will" be taken, occur or be achieved.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
ON BEHALF OF THE BOARD OF DIRECTORS:
President, CEO & Director
Sutter Gold Mining Inc.
For further information:
For further information: Robert Hutmacher, Chief Financial Officer at
(303) 238-1438 ext. 22 or firstname.lastname@example.org or visit our website