Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Looks like we're going to see our first day of 1 million+ traded! Very nice!
Thanks Atlas, great news! I always knew there would be some dilution, but at least they are waiting for higher prices so it won't be too bad. I'm really starting to like this little company!
The news yesterday was great!!
I always wondered why they did not have a venture listing.
Now they can get financing much easier. But keep in mind that it will spell dilution down the road.
This is the nature of exploration stocks.
Most of the big money will be made on the exploration stocks that trade on the venture in this Gold Bull market and it's still at the early stages.
Cheers!
Wow, what happened to our share price? Unbelievable, I guess people are losing faith here. They need to do the follow up soon!
Ok, too bad, I guess that explains why no big price jump. gold bouncing back nicely this am. Hopefully more good news to follow! Thanks for the info.
Nothing big! Just a low grade small resource. But it is something to work with and possibly expand.
I still think the best bet is in Mexico.
Cheers!
Atlas, I totally missed the release. How good is the report, I'm pretty much a novice when it comes to reading those. TIA
OK! Not to smart to release this news late on a friday afernoon with the markets on a down turn.
But good to see some news finally.
Cheers!
NEWS! Press Release Source: Lincoln Gold Corp.
Lincoln Announces Gold Resources at Pine Grove Property, Nevada
Friday October 19, 3:18 pm ET
CARSON CITY, NEVADA--(MARKET WIRE)--Oct 19, 2007 -- LINCOLN GOLD CORP. (OTC BB:LGCP.OB - News) is pleased to announce the results of a gold resource estimate on the Company's 100%-controlled Pine Grove gold property located in the Pine Grove Hills, 20 miles south of Yerington, Nevada. The property consists of two patented mining claims and 93 unpatented lode claims.
The resource estimate is compliant with Canadian National Instrument 43-101 and was prepared by MineFill Services, Inc. of Vancouver, B.C., Canada in accordance with definitions of the Canadian Institute of Mining and Metallurgy's Standards on Mineral Resources and Mineral Reserves adopted in November 2000. The database consists of 160 reverse circulation holes totaling 53,000 ft drilled by Teck Resources in the early 1990's. Drilling was conducted largely on 100 ft to 200 ft centers on two gold deposits, the Wheeler and the Wilson. The two deposits are about 2,500 ft apart with excellent access, encompassing about 5 percent of the overall property. The Company has identified three large areas within the overall claim block, including one between the deposits, as potential exploration targets. A large exploration drill program is being planned for these areas.
At a cutoff grade of 0.010 opt gold and high assays capped at 0.5 opt gold, the Wheeler and Wilson deposits presently contain combined indicated resources of 4,444,000 tons grading 0.046 opt gold containing 202,300 ozs gold. Combined inferred resources for the two deposits are estimated at 1,614,000 tons grading 0.073 opt gold containing 117,600 ozs gold. Indicated resources were calculated based on a search radius of 60 ft with a minimum of four samples.
Mineral resources for the Wheeler and Wilson deposits at various cutoff grades are presented below.
WHEELER DEPOSIT - UNDILUTED MINERAL RESOURCES BY CUTOFF GRADE
---------------------------------------------------------------------------
Cutoff Grade Grade Contained
Opt Gold Classification Tons Opt Gold Ozs Gold
---------------------------------------------------------------------------
0.005 Indicated 2,916,000 0.051 149,432
Inferred 1,451,000 0.075 108,407
---------------------------------------------------------------------------
0.010 Indicated 2,200,000 0.065 144,348
Inferred 1,101,000 0.096 105,889
---------------------------------------------------------------------------
0.015 Indicated 1,719,000 0.080 138,184
Inferred 928,000 0.112 103,796
---------------------------------------------------------------------------
Assays capped at 0.5 opt gold
WILSON DEPOSIT - UNDILUTED MINERAL RESOURCES BY CUTOFF GRADE
---------------------------------------------------------------------------
Cutoff Grade Grade Contained
Opt Gold Classification Tons Opt Gold Ozs Gold
---------------------------------------------------------------------------
0.005 Indicated 3,759,000 0.018 69,050
Inferred 888,000 0.016 14,481
---------------------------------------------------------------------------
0.010 Indicated 2,224,000 0.026 57,999
Inferred 513,000 0.023 11,745
---------------------------------------------------------------------------
0.015 Indicated 1,351,000 0.035 47,435
Inferred 251,000 0.34 8,621
---------------------------------------------------------------------------
Assays capped at 0.5 opt gold
SUMMARY OF WHEELER AND WILSON DEPOSITS - UNDILUTED AT A 0.010 OPT CUTOFF
---------------------------------------------------------------------------
Cutoff Grad Grade Contained
Opt Gold Classification Tons Opt Gold Ozs Gold
---------------------------------------------------------------------------
0.010 Indicated 4,424,000 0.046 202,347
---------------------------------------------------------------------------
0.010 Inferred 1,614,000 0.073 117,634
---------------------------------------------------------------------------
Assays capped at 0.5 opt gold
The Wilson Wheeler deposits are former gold producers that targeted high grade veining within the Pine Grove District. The Company believes that the potential exists for a bulk tonnage open pit mine with conventional heap leaching. In this regard, four large diameter holes are planned to be drilled to obtain bulk samples for metallurgical testing.
MineFill Services is presently completing a Technical Report NI 43-101 for filing with Canadian securities regulatory authorities (the "Technical Report") and will file the Technical Report within 45 days of the date of this news release in accordance with NI 43-101.
The Qualified Person for this release is Dr. David Stone, P. Eng., P.E. of MineFill Services, Inc., Vancouver, B.C., Canada.
Additional news on this property will be issued shortly.
Lincoln Gold Corp. is a US-based gold exploration company located in Nevada with several projects in various stages of exploration which includes three properties in Nevada and the La Bufa property in Mexico.
LINCOLN GOLD CORP.
Paul F. Saxton, President
All mineral resources in the Technical Report have been estimated in accordance with the definition standards on mineral resources and mineral reserves of the Canadian Institute of Mining, Metallurgy and Petroleum referred to in National Instrument 43-101, commonly referred to as "NI 43-101". U.S. reporting requirements for disclosure of mineral properties are governed by the SEC Industry Guide 7. NI 43-101 and Guide 7 standards are substantially different. The terms "mineral reserve", "proven mineral reserve" and "probable mineral reserve" are Canadian mining terms as defined in accordance with NI 43-101. These definitions differ from the definitions in Guide 7. Under Guide 7 standards, a "final" or "bankable" feasibility study is required to report reserves, the three-year historical average price is used in any reserve or cash flow analysis to designate reserves and the primary environmental analysis or report must be filed with the appropriate governmental authority.
The NI 43-101 technical report referenced in this press release uses the terms "mineral resource," "indicated mineral resource" and "inferred mineral resource". We advise investors that these terms are defined in NI 43-101; however, these terms are not defined terms under Guide 7 and are normally not permitted to be used in reports and registration statements filed with the SEC. Investors are cautioned not to assume that any part or all of mineral deposits in these categories will ever be converted into reserves. "Inferred mineral resources" have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian rules, estimates of inferred mineral resources may not form the basis of feasibility or pre-feasibility studies, except in rare cases. Investors are cautioned not to assume that all or any part of an inferred mineral resource exists or is economically or legally mineable. Disclosure of "contained pounds" in a resource is permitted disclosure under Canadian regulations; however, the SEC normally only permits issuers to report mineralization that does not constitute "reserves" by SEC standards as in-place tonnage and grade without reference to unit measures.
This Press Release may contain, in addition, to historical information, forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements are based on management's expectations and beliefs, and involve risks and uncertainties. These statements may involve known and unknown risks and uncertainties and other factors that may cause the actual results to be materially different from the results implied herein. Key factors that could cause actual results to differ materially from those described in forward-looking statements are:
(i) the results of the NI 43-101 report on the Pine Gove properties may be different than anticipated;
(ii) the inability of the Company to achieve the financing required to pursue the exploration of the Pine Grove properties;
(iii) the results of exploration of the Pine Grove properties; and
(iv) the lack of commercial mineralization on the Pine Gove properties.
Readers are cautioned not to place undue reliance on the forward-looking statements made in this Press Release.
Contact:
Contacts:
Lincoln Gold Corp.
Investor Relations
(604) 688-7377
Website: http://www.lincolngold.com
--------------------------------------------------------------------------------
Source: Lincoln Gold Corp.
we will, all we need is to be patient. Good times are coming soon, my friend! Best of luck to you!
Yes! It's coming. Gold will see at least double from its high in 1980.
LGCP will go nuts!
I am hoping we get some news soon from the company.
Cheers!
Atlas180 did you see this," One leading analyst recently has written that he sees the possibility of a blow-off top in gold taking us up to the $1,500 level. When? Not 5 years from now, not 2 years, but within the coming April - June 2008 timeframe." Lincoln could easily see $2 if this happens, maybe much higher. Lincoln still has very few outstanding shares. What do you think?
Atlas - Looks like you made a good call. I still think lincoln has room for some more upside here, but a pullback had to happen sometime. I'll take a look at BVTLF.pk, good luck with your trading.
stocktrader1,
I took some profit from LGCP and put it into Bard Ventures CBS.v
It can be bought using symbol BVTLF.pk
Trading for around .25 -.27
I expect this to move up until the .30's and stay there unlike LGCP.
They are Drilling for moly!
Lot of news to come with visual high grade in the cores.
My concern here with LGCP is the lack of news.
Cheers!
Looks like gold is giving it another try this evening, spot trading at $764.50. Any chance we see .40's tomorrow?
spot gold currently at $766!
Volume back at 500k once again! bid .29 x ask .30. Looks like .30's are here! spot gold at 757.50, not bad.
Looks like your .30's should be arriving shortly, gold holding up nicely, for now at least!
Atlas180- Thanks for the info. I agree with your assesment and would love to see this quickly get back up around a dollar and then let the news come out to keep us over a dollar for good. The company does have some big potential, hoping this one will really play out! Best of luck to you here and hopefully you are right and there is no buyout, at least for now...
This will play out from now until April.
JMHO!
Cheers!
Hi stocktrader1,
No! I doubt it's a buy out offer. Most likely investors taking a position in the early stages of this gold bull market. Now is the time to load up on cheap shares.
Could be a newsletter write up from someone. That is another reason I like LGCP. There is some big money that follows this company.
We could see another property acquisition coming down soon.
The La Bufa property is the best we have going now. We may see some news from it in the short term. Possible additional sample results coming back before they start drilling.
The volume on this stock the last few weeks is looking really good. If it continues and we get some additional news and gold keeps going up LGCP just might make it to a Dollar in the short term. You just never know!
JMHO!
Cheers
Just curious what is causing the runup, do you think there might be a buyout offer? Not sure what else could be making this run like it is. TIA
Will be great to see .30's this week! I sure hope the price of gold will cooperate. It seems alot of people expecting a pullback. Anyway's looking forward to an exciting week!
Yes! Very Sweet! Next week will be a fun ride to the .30's
Cheers!
Hope you're right! Love to see us break the 52 week high before close today!
Awesome volume continues! Firming up. We will see the 30's next week no doubt!
Cheers!
Volume looking really good today. Ready for takeoff!
Yes it is, hope you'll join the party soon!
Nope looking good though...
Hey are you back in yet? Gold back over $750!
Thanks for your thoughts, $1 would be great, but I also think you are being conservative. If gold hits $3000 I think lincoln could be at $5. Just my opinion, but let the games begin!
Gold will go higher than $1000.00
Hit $800.00 back in 1980. So now you have to adjust for inflation. Bill Murphy thinks $3,000 is coming.
LGCP will hit a $1.00 or more. As long as the company advances these projects we will be good to go. This is being conservative.
Cheers!
Hope you are right! It is nice to see interest returning here! The price of gold sure isn't hurting either. How high do you see this when gold hits $1000?
I think news is coming soon!
Very nice volume! It is tightening up in the .20's
Consolidating! Lets hope it continues.
JMHO!
500k shares traded already, what's up with the huge volume?
Sounds good! .50 coming soon...........Good luck! All imo.
YES! Nice volume and movement to LGCP! Drilling two properties soon. This is going to have some legs.
Finally Getting the La Bufa gold-silver property moving!
I think they are starting to get the word out about the company.
Cheers!
Still watching...
Gold about to break $750 per ounce. Time to buy yet? I am surprised we don't have anyone else here on this board, imo this stock is ready to fly!
Sounds good. Looks ready to run!
Just watching for now...
You back in yet? Stock moving nicely!
Wow, .11 ouch! You still holding or moved on?
Yeah, no kidding. I think someone is loading up slowly but surely. Momo will be back!
Momo sure did dissappear...
Followers
|
5
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
190
|
Created
|
04/24/06
|
Type
|
Free
|
Moderators |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |