Lincoln Mining to Commence Drilling La Bufa Project
Apr. 26, 2011 (Marketwire Canada) --
VANCOUVER, BRITISH COLUMBIA -- Lincoln Mining Corporation (TSX VENTURE:LMG) ("Lincoln" or the "Company") is pleased to announce that drilling at its 100% owned La Bufa property in Chihuahua State, Mexico is scheduled to start in early June. A 5,000 meter drill program is initially planned. This is the first drilling that has been carried out on the property since 2003 & 2008, when 17 holes in total were drilled in the southeast part of the property. Drill intercept results included 10.70 gpt of gold and 516 gpt silver over 1.5m, 8.70 gpt gold and 503 gpt silver over 1.61m, 1.55 gpt gold and 91.1 gpt silver over 0.40m and 0.402 gpt gold and 6.60 gpt silver over 1.55m (see Company's news release of June 23, 2008 for complete results).
Since 2008 Lincoln geologists have been focusing on defining drill targets in the northwest part of the property, which the Company's management believes to have substantially more mineral potential than the southeast area. Programs of geophysics, rock-chip and soil sampling, and geologic mapping have been completed covering an area of over 15 square kilometers (see news release of July 27, 2010). Five large, distinct targets have been identified all the way from Gammon Gold's GyC property boundary in the south to the northern boundary of the La Bufa property, a distance of over 5 kilometers. The targets are all focused on the "lower volcanic" or older rocks and historic production has been estimated at over 2 million ounces of gold and 28 million ounces of silver. Also Gammon Gold has recently announced inferred resources of over 1 million ounces of gold and 45.6 million ounces of silver on its GyC property (See February 28, 2011 news release by Gammon Gold).
Lincoln is now finalizing its environmental reviews and permitting and is about to choose its drill contractor.
For more details on the La Bufa property, or to view the La Bufa technical report of January 5, 2009 filed, on SEDAR on February 10, 2009, please refer to Lincoln's website or go to www.sedar.com.
Mr. Jeffrey Wilson, Lincoln's Vice President Exploration and a "qualified person" within the meaning of NI 43-101, has reviewed and approved the 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 Oro Cruz gold property in California, the Pine Grove gold property in Nevada and the La Bufa gold-silver property in Mexico. In the United States, the Company operates under Lincoln Gold US Corp., a Nevada corporation.
On behalf of Lincoln Mining Corporation
"Paul Saxton
It's all happened before and it will all happen again. Might as well profit from it.
