Lincoln Mining updates progress on the Pine Grove Gold Project, Nevada

VANCOUVER, June 15 /CNW/ - Lincoln Mining Corporation, TSX-V: LMG ("Lincoln" or the "Company") is pleased to report that it is continuing to advance the Pine Grove project.

Lincoln has directed its consultants to conduct a 700 acre Class III Cultural Resource Inventory to accompany ongoing environmental work. This work is being conducted in anticipation of an Environment Assessment required to advance the gold project. The survey area contains proposed drill locations and potential mining and processing sites.

Based on previously announced new high-grade intersections from the 2009-2010 drilling program (see news release May 18, 2010), step-out and some infill drilling are warranted. The Company has budgeted for 68 reverse-circulation drill holes of which 30 are planned on patented claims (State jurisdiction) and 38 and planned on ground administered by the US Forest Service. Drilling on the patented claims should commence this summer. Pending receipt of federal permits, drilling should continue onto adjacent US Forest Service ground in late summer - early fall. Additional metallurgical and geotechnical core holes are also planned.

A scoping study (preliminary economic assessment) is in progress to determine new resource categories and mining parameters.

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 and in Mexico under Minera Lincoln de Mexico S.A. de C.V.

On behalf of Lincoln Mining Corporation

"Paul Saxton"

Paul Saxton, President & CEO

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

THIS PRESS RELEASE INCLUDES FORWARD-LOOKING STATEMENTS OR INFORMATION. ALL STATEMENTS OTHER THAN STATEMENTS OF HISTORICAL FACT INCLUDED IN THIS RELEASE, INCLUDING WITHOUT LIMITATION, STATEMENTS REGARDING FUTURE PLANS AND OBJECTIVES OF LINCOLN MINING ARE FORWARD-LOOKING STATEMENTS THAT INVOLVE VARIOUS RISKS AND UNCERTAINTIES. THERE CAN BE NO ASSURANCE THAT SUCH STATEMENTS WILL PROVE TO BE ACCURATE AND ACTUAL RESULTS AND FUTURE EVENTS COULD DIFFER MATERIALLY FROM THOSE ANTICIPATED IN SUCH STATEMENTS. IMPORTANT FACTORS THAT COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THE COMPANIES' PLANS OR EXPECTATIONS INCLUDE AVAILABILITY OF CAPITAL AND FINANCING, GENERAL ECONOMIC, MARKET OR BUSINESS CONDITIONS, REGULATORY CHANGES, TIMELINES OF GOVERNMENT OR REGULATORY APPROVALS AND OTHER RISKS DETAILED HEREIN AND FROM TIME TO TIME IN THE FILINGS MADE BY THE COMPANY. THE COMPANY MAKES ALL REASONABLE EFFORTS TO UPDATE ITS CORPORATE MATERIAL, DOCUMENTATION AND FORWARD-LOOKING INFORMATION ON A TIMELY BASIS.

SOURCE LINCOLN MINING CORPORATION

For further information: For further information: Investor Relations at 604-202-6596 or 604-688-7377 or visit the Company's website at www.lincolnmining.com

Organization Profile

LINCOLN MINING CORPORATION

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890