VANCOUVER, Sept. 29 /CNW/ - Lincoln Mining Corporation, TSX-V: LMG ("Lincoln Mining" or the "Company") is pleased to announce that it has staked an additional 29 lode claims at its Pine Grove gold property in Lyon County, Nevada. The property now consists of a total of 221 claims or nearly 7 square miles controlled by Lincoln Mining in the historic gold district. The new claims cover gently sloping ground suitable for heap leach operations and processing facilities required to advance the project to production. Exploration potential also exists on a portion of the new claims.
Gold resources (NI 43-101 compliant) in the Wheeler and Wilson deposits are estimated by MineFill Services Inc. at 6.06 million tons grading 0.053 opt gold at a cutoff grade of 0.010 opt gold (assays capped at 0.500 opt gold) containing approximately 320,000 ozs gold. An infill drilling program is in progress based on 2009 exploration holes with gold intercepts. As numerous geochemical targets remain untested, the project holds potential for the extension of mineralized areas.
Mr. Jeffrey Wilson, the Company's Vice President and Chief Operating Officer and a Qualified Person under National Instrument 43-101, supervised the preparation of 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 and Hannah properties in Nevada and the La Bufa property in Mexico.
On behalf of Lincoln Mining Corporation
Paul Saxton, President & CEO
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SOURCE LINCOLN MINING CORPORATION
For further information: For further information: Investor Relations at (604) 688-7377 or visit the Company's website at www.lincolnmining.com