Sutter Gold Mining Co. is a “near-term gold producer,” involved in the Lincoln Mine Project in the spot that sparked the 1849 Gold Rush – the California Mother Lode in Amador County.
Michelle Macaluso from Fox News reports:
More than 150 years ago, John Sutter touched off the fabled Gold Rush when he found gold near his mill in 1849. But the prospectors who flocked to the Sierra foothills left plenty of gold in the ground.
At least that’s what a mining company setting up shop in the same area southeast of Sacramento believes. Geologists for Sutter Gold Mining Co., estimate there are some 650,000 ounces remaining in the area that sparked an epidemic of gold fever. At today’s prices, that could amount to just shy of $1 billion.
“We’re building on new mine but we’re really building on the history that’s been here for a 160 years,” said Leanne Baker, president and CEO of Sutter Gold Mining.
Is there still gold in them thar hills? Only time will tell.
You can read the whole news report HERE.
You can visit the Sutter Gold Mining Co. website HERE.