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LMG Lincoln Gold Mining Inc

0.125
-0.04 (-24.24%)
02 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Lincoln Gold Mining Inc TSXV:LMG TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.04 -24.24% 0.125 0.13 0.155 0.125 0.125 0.125 16,500 19:50:37

Lincoln Mining Begins Drilling at Bell Mountain, Nevada

18/04/2013 6:21pm

Marketwired Canada


Lincoln Mining Corporation (TSX VENTURE:LMG) ("Lincoln") or the "Company") is
pleased to announce that two drill rigs are presently operating at its Bell
Mountain gold-silver property in Churchill County, Nevada. Lincoln controls the
project through a purchase agreement and assignment of an option to earn 100%
interest in the property (see news release dated November 28, 2012). Core
drilling for metallurgical samples began on April 6 and remains in progress.
Core drilling for geotechnical data will follow. Infill reverse-circulation
drilling to upgrade the resource confidence level began on April 15 and also
remains in progress. Subsequent data will be included in a Pre-Feasibility
Report planned for later this year. It is the Company's intent to advance the
project to production.


Planned Drilling

A total of 35 holes are planned for an estimated total of 8,780 ft (2,825 m).
Drilling is expected to be completed sometime in May.


Summary of Planned Drilling



----------------------------------------------------------------------------
Purpose       Type Drilling   Holes Feet/Meters Comments                    
----------------------------------------------------------------------------
Metallurgy    PQ Core             6   1,360/415 Material for column leach   
                                                tests                       
----------------------------------------------------------------------------
Geotechnical  Oriented HQ-3       5   1,150/350 Data for pit wall stability 
              Core                                                          
----------------------------------------------------------------------------
Infill        Reverse            24 6,270/2,825 Increase resource confidence
              Circulation                                                   
----------------------------------------------------------------------------
       Totals                    35 8,780/2,825                             
----------------------------------------------------------------------------



Resources

Gold-silver resources at Bell Mountain are present in three deposits, the Spurr,
Varga and Sphinx. At a cutoff grade of 0.006 opt gold, these deposits host
measured and indicated resources of 10,760,000 tons grading 0.015 opt gold and
0.514 opt silver containing a total of 165,018 ozs gold and 5,533,907 ozs
silver. At the same cutoff grade, inferred resources are 2,255,000 tons grading
0.013 opt gold and 0.387 opt silver containing a total of 29,550 ozs gold and
872,411 ozs silver (see Lincoln news release dated Dec. 19, 2012). Lincoln
believes that the three deposits at Bell Mountain are well suited to open-pit
mining and heap leach processing.


Mr. Jeffrey Wilson, the Company's Vice President Exploration and a "qualified
person" under National Instrument 43-101, reviewed and approved the scientific
and technical information contained in this news release.


Lincoln Mining Corp. is a Canadian precious metals exploration and development
company with several projects in various stages of exploration and development
which include the Pine Grove gold property, the Oro Cruz gold property in
California and the La Bufa gold-silver property in Mexico. In the United States,
the Company operates under Lincoln Resource Group Corp. and Lincoln Gold US
Corp.; both are Nevada corporations.


On behalf of Lincoln Mining Corporation

Paul Saxton, President & CEO

THIS PRESS RELEASE INCLUDES FORWARD-LOOKING STATEMENTS OR INFORMATION. ALL
STATEMENTS OTHER THAN STATEMENTS OF HISTORICAL FACT INCLUDED IN THIS RELEASE,
INCLUDING WITHOUT LIMITATION, STATEMENTS REGARDING FUTURE PLANS AND OBJECTIVES
REGARDING BELL MOUNTAIN AND LINCOLN MINING ARE FORWARD-LOOKING STATEMENTS THAT
INVOLVE VARIOUS RISKS AND UNCERTAINTIES. THERE CAN BE NO ASSURANCE THAT SUCH
STATEMENTS WILL PROVE TO BE ACCURATE AND ACTUAL RESULTS AND FUTURE EVENTS COULD
DIFFER MATERIALLY FROM THOSE ANTICIPATED IN SUCH STATEMENTS. IMPORTANT FACTORS
THAT COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THE COMPANY'S PLANS OR
EXPECTATIONS INCLUDE ACTUAL EXPLORATION RESULTS ON BELL MOUNTAIN, PROJECT
DELAYS, AVAILABILITY OF EQUIPMENT AND PERSONNEL, AVAILABILITY OF CAPITAL AND
FINANCING, GENERAL ECONOMIC, MARKET OR BUSINESS CONDITIONS, REGULATORY CHANGES,
TIMELINES OF GOVERNMENT OR REGULATORY APPROVALS AND OTHER RISKS DETAILED HEREIN
AND FROM TIME TO TIME IN THE FILINGS MADE BY THE COMPANY. THE COMPANY MAKES ALL
REASONABLE EFFORTS TO UPDATE ITS CORPORATE MATERIAL, DOCUMENTATION AND
FORWARD-LOOKING INFORMATION ON A TIMELY BASIS.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Lincoln Mining Corporation
Investor Relations
604-688-7377
604-688-7307 (FAX)
www.lincolnmining.com

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