VANCOUVER, Nov. 9 /CNW/ - Lincoln Mining Corporation, TSX-V: LMG ("Lincoln Mining" or the "Company") is pleased to announce that it has signed a drilling contract with Diversified Drilling LLC to drill approximately 50 reverse-circulation holes on its Pine Grove gold property in Lyon County, Nevada. Total drill footage is estimated at between 14,000 to 15,000 ft and the average hole depth is expected to be around 300 ft. Drilling is planned to commence in mid November and will focus on the Wilson and Wheeler gold deposits, which are located on patented claims (private property). Weather permitting, drilling should be completed in about 60 days.
The goal of the drilling program is to reaffirm the existing resource estimate and raise the resource category from inferred to indicated and measured resources. As well some step out drilling will be completed. A much larger exploration program is planned for early 2010. Gold resources (NI 43-101 compliant Sept. 30, 2008) in the Wheeler and Wilson deposits are estimated by MineFill Services Inc. at 6.06 million tons inferred 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, as reported on SEDAR on January 22, 2009.
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.
The Company also wishes to announce the appointment of Sabrina Jones as its new Corporate Secretary and Vice President Corporate Affairs. Ms. Jones has a Bachelor's degree in Economics and has held various accounting and administrative management positions in both public and private companies.
The Company wishes to thank Mary Martin for her contributions as past Corporate Secretary.
We plan to have an update on our Mexican La Bufa property shortly.
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 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