Lincoln recommences drilling on Pine Grove gold property, Nevada

VANCOUVER, July 29 /CNW/ - Lincoln Mining Corporation, TSX-V: LMG ("Lincoln" or the "Company") is pleased to report that it has commenced additional drilling on its Pine Grove gold property located approximately 20 miles south of Yerington, Nevada in the Pine Grove Hills. The goal of the drilling is to expand and confirm gold resources. A track-mounted, reverse-circulation drill rig began drilling on July 26th and is scheduled to complete 28 holes on the Wilson and Wheeler patented claims (private properties) where most of the gold resources are located. Drilling on the Wilson is primarily step-out drilling on known mineralization. Drilling on the Wheeler is largely infill drilling. Most holes are less than 350 ft in depth.

A Plan of Operations has also been submitted to the US Forest Service to drill an additional 38 to 40 reverse-circulation holes. All of these planned holes will be step-out drilling on 100-ft centers and are designed to follow the gold mineralization from the patented claims onto the Company's adjacent unpatented lode claims.

Lincoln Mining intends to advance Pine Grove to production and envisions an open-pit mine with heap-leach processing on the property. Continued drilling, metallurgical testing, and the compilation of a scoping study (preliminary economic assessment) are underway in support of this plan.

Mr. Jeffrey Wilson, the Company's Executive Vice President 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"

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 604-688-7377, 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