VANCOUVER, March 22 /CNW/ - Lincoln Mining Corporation, TSX-V: LMG ("Lincoln") or the "Company") is pleased to report that all of its projects are being advanced as planned.
At the Pine Grove project, Lincoln's geologists are in the final stages of combining the latest drill hole assays and geology for inclusion in an updated resource calculation which is being carried out by MDA Associates ("MDA") of Reno, Nevada. MDA will combine this data with all previous drill information to produce an updated NI 43-101 compliant resource report. McClelland Labs is well advanced on the bottle roll and column leach test work. The Company is planning a large program of step-out drilling for later in 2010 designed to increase the resource.
At the Oro Cruz property Lincoln contracted Atkinson Underground LP ("Atkinson") of Golden, Colorado to open and inspect the underground decline and ventilation shaft system. The inspection has been completed and Atkinson reports that the decline is in good condition and the mine air is excellent. The air and water lines appear to be in usable condition. Company geologists are taking rock grab samples from various parts of the underground workings as well as in the open pit area. Tetra Tech of Golden, Colorado has been hired to complete a NI 43-101 compliant historic resource calculation using all the assay data from the 400 plus holes drilled in the past. A large scale exploration program is planned for later in 2010.
Company geologists are in the process of assembling all the data from the geological work carried out in the last 6 months, including mapping, surface sampling and geophysical surveys, to target areas for a drill program planned for later in the year. Results from recent geological work have been very informative and encouraging. In particular, the results from the recently completed induced polarization survey, covering over 2,000 hectares, have been very revealing.
Mr. Jeffrey Wilson, the Company's Vice President Exploration 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 gold property in Nevada, 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 Gold US Corp., a Nevada corporation.
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