Monday, 05 October 2009 00:36

Sutter Gold Mining's CEO Resigns and a New COO is Appointed

slide1.pngSutter Creek - Sutter Gold Mining, Inc., currently working toward reopening its Sutter Creek facility as a working gold mine, announced the appointment of a new Chief Operating Officer effective September 14 and the resignation of former CEO Clayr Alexander. James Crombie, Director, has been appointed as interim President and CEO until a suitable replacement is found. Notice of Alexander’s departure was mentioned briefly in a release that appeared on Marketwire last Wednesday. The former CEO was thanked for “his contribution during his tenure.” Alexander’s resignation was said to have been “effective immediately.” Bob Hutmacher, CFO at the Company’s corporate office in Denver, Colorado, said Alexander “left on great terms” and “decided to pursue other interests.” He said Alexander, originally from Montana, also had trouble with the commute. He said Matt Collins, former General Manager at Sutter Gold Mining and another mining company, Global Minerals Ltd, was promoted as Alexander’s pending replacement. The Marketwire release said Collins is “experienced evaluating and managing projects.” His recent responsibilities include all mine-site operations and pubic and human relations. It said he also has prior senior management experience in the mining and construction industries and has provided engineering and consulting services. Collin’s new role makes him responsible for a geologic audit and preliminary economic assessment. Pending “a positive production decision from the Board of Directors and the Company successfully raising capital,” Collins will assume responsibility for the construction and development of the company’s Sutter Creek-based operation, also known as the Lincoln Project. Alexander told TSPN in August that the “Motherlode is known as a historical gold producing district and we feel there is great opportunity in the Sutter Gold Mine.” The company has obtained all major operating permits for the project and is currently working to obtain a permit to discharge mining waste and complete design work needed to obtain the remaining operating and construction permits. Sutter Gold Mining, Inc., headquartered in Vancouver, British Columbia, controls over three miles of Mother Lode property, 90 percent of which has yet to be explored. The current resource estimate for the Sutter Gold project indicates that a collective 700,000 ounces of gold could possibly be extracted from this area. “We still have a lot of exploration potential on our properties,” said Alexander in August. The mine is now open exclusively for one hour underground tours “deep into the heart of the Mother Lode.” Story by Alex Lane This email address is being protected from spambots. You need JavaScript enabled to view it.