VANCOUVER, Oct. 2 /CNW/ - Lincoln Mining Corporation, TSX-V: LMG ("Lincoln Mining" or the "Company") reports that it has completed the acquisition of the "El Chapito" mineral concession ("El Chapito") consisting of 20 hectares in Chihuahua, Mexico. The Company's La Bufa concession surrounds the El Chapito claim, which is an important addition to the total claim block area. El Chapito has had historic production and the important 'Santo Nino' vein runs across the El Chapito concession into the La Bufa concession. The Company's next drill program will include work on El Chapito.
The El Chapito concession was purchased from Mr. Arturo Perea Saenz of Chihuahua, Mexico for a total cash consideration of USD$60,000.
As the El Chapito concession lies within the La Bufa Property boundary defined in the Option Agreement between Lincoln Mining and Almaden Minerals Ltd., and lies within the "Area of Interest Provisions" contained in that agreement. Almaden Minerals has elected to have the El Chapito concession made subject to the Company's option to earn a 60% interest in the La Bufa Property.
Lincoln Mining Corp. is a Canadian resource company with several projects in various stages of exploration and development, which include the Pine Grove and Hannah properties in Nevada and the La Bufa property in Mexico.
On behalf of Lincoln Mining Corporation
Paul Saxton, President & CEO
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SOURCE LINCOLN MINING CORPORATION
For further information: For further information: please contact Investor Relations at (604) 688-7377 or visit the Company's website at www.lincolnmining.com