Lincoln Mining advances Pine Grove gold property, Nevadaadmin
Wednesday, August 26th 2009
Lincoln Mining Corporation, a Canadian-based mineral exploration and development company announce that it is in the process of advancing the Pine Grove gold property in Lyon County, Nevada. Lincoln has contracted Dudley Thompson Mapping Corporation Inc., of Surrey, BC, for new photogrammetry suitable for mine-site engineering. Ground survey control and aerial photography are planned for September. JBR Environmental Consultants in Reno, Nevada has been contracted to handle all stages of permitting. JBR’s work has commenced and will include vegetation and wildlife surveys, soils assessment, cultural surveys, hydrological surveys and drill permitting with both the State of Nevada and the U.S. Forest Service. Metallurgical tests on large-diameter core are planned through McClelland Laboratories in Reno, Nevada. Lincoln is presently seeking a contractor to compile a scoping study.
Combined Inferred resources in the Wheeler and Wilson deposits based upon 194 drill holes are estimated at 6.06 million tons grading 0.053 opt gold (assays capped at 0.500 opt gold) containing approximately 320,000 ounces gold. The deposit offers potential for open-pit mining and heap-leach processing. Lincoln plans to conduct additional drilling to reaffirm and upgrade the Inferred resources by twinning past exploration holes that contain significant gold intercepts and to carry out exploration drilling on targets which hold potential for resource expansion.
Mr. Jeff Wilson, Vice President Exploration, from Carson City, Nevada, is supervising the company’s programs at the Pine Grove Property and is the “Qualified Person” for the purpose of NI 43-101, “Standards of Disclosure for Mineral Projects” and is responsible for the technical disclosure contained in this news release.