Business Journal: New Life For Gold Mine?

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(Sacramento, CA)
Tuesday, April 11, 2006

The U.S. Energy Corporation in Wyoming announced today that three quarters of a million dollars has just been raised for exploratory drilling at the Sutter Gold Mine in Amador County. It’s primarily used for tourism right now. No gold has been taken out in 15 years. 

But with the price of gold approaching $600 per ounce, the infusion of cash will allow drilling and exploration at Sutter mine. It sits on 535 acres. It’s within the Mother Lode gold belt, which stretches for more than 100 miles in the Sierra. In October, the mine’s management secured a wasterwater discharge permit that would be needed to restart operations … if these test drillings show promise.