VANCOUVER, Feb. 10 /CNW/ - Lincoln Mining Corporation, TSX-V: LMG ("Lincoln") is pleased to announce that its ground geophysical program at La Bufa, Chihuahua, Mexico, has been completed. A total of 8 lines comprising 20,000 meters were surveyed across the projected strike of the structure to the edges of Lincoln's concession boundaries. Gammon Gold Inc. ("Gammon") is reported to have recently staked over 66,000 hectares surrounding Lincoln's concessions.
The geophysics consisted of induced polarization (IP) or chargeability and resistivity. Work was completed over a period of two months by Mr. Mark Dupre, who was the lead geophysicist on the project. Mr. Dupre has extensive experience in Mexico's Guerrero and Chihuahua States, where geophysics played a major role in the discovery of a number of important deposits.
Initial geophysical results show strong anomalies on Lincoln ground northwest of Gammon's central concession. The exploration team has also found new exposures of oxidized quartz breccias, boxworks and some argentite over 10 meters in width and over 900 meters in length. A second mineralized, northwest-trending zone was also found and measures approximately 15 meters in width by 400 meters in length and consists of stockwork and breccias which overlie old underground prospects.
Data from the geophysical survey is being combined with soil and rock sampling programs, as well as geological mapping, in order to further define targets for a drill program planned for 2010.
La Bufa gold-silver Property is a mid-stage exploration project surrounding the town of Guadalupe y Calvo in the southwest corner of Chihuahua State. The project lies within the Sierra Madre Occidental, which encompasses numerous gold/silver mines and deposits such as Ocampo, El Sauzal, Pinos Altos, Yepachic, Dolores and others. The large exploration target of San Julian, owned by Penoles, lies several kilometers north of La Bufa.
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, 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
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