BRIEF-Sutter Gold: Inability to dewater tailings led to suspension of milling ops at Lincoln Project, California

Wed, 05 Mar - 8:25am

March 4 (Reuters) - Sutter Gold Mining Inc SGM.V :

* Provides project update and announces it will temporarily suspend operations

at Lincoln mine project

* Says inability to dewater tailings resulted in suspension of milling

operations at Lincoln mine project at February-end

* Says an additional investment of $1.1 to $1.2 million needed to operate mill

on a sustained basis at planned production rates

* Says decides to place the project on care and maintenance to conserve

resources

* Says mining contractor has been demobilized & non-essential personnel laid

off at Lincoln mine

* A work program is being finalized for recommendation & will require approval

by co's lender for continued funding

* Source text for Eikon News Search ID:nCCN3mghbQ

* Further company coverage SGM.V

((Bangalore Newsroom; +1 646 223 8780))

URN: 
urn:newsml:reuters.com:20140304:nASB08EA1:8
Topics: 
US CMPNY CA PREC MINE BLR DBT LOA LEN RTRS CDM MIN GDM CORPD BMAT MTAL AMERS

Contact Us

Due to the security nature of our business, personal meetings are only by pre-arranged appointment.
Phone at any time on

1300 987 995

info@ausmint.com