As gold prices hit a 27-year high and break the $800 per ounce mark, Sutter Gold CEO Hal Herron stated that: "25 companies have expressed an interest in learning more about the project and some have started to plan site visits.” To date, Sutter Gold has invested approximately $24 million in its Sutter Gold Project between Sutter Creek and Amador City. These investments have included the acquisition of all major operating permits, properties, major exploration core drilling programs, and engineering design for a mill on site.
Sutter Gold recently completed two underground and surface exploration drilling programs, which will help to determine a resource estimate and develop the mine plan. In addition, Sutter Gold has hired an independent engineering company to develop the mining and milling plan to determine the profitability of the project by breaking down the costs to produce one ounce of gold. Sutter Gold's property is fully permitted and plans to produce in excess of 50,000 ounces of gold per year from a state of the art, environmentally friendly mine.