LINCOLN MINING RECEIVES POSITIVE COLUMN LEACH RESULTS FOR PINE GROVE, NEVADA
VANCOUVER, Oct. 14 /CNW/ - Lincoln Mining Corporation, TSX-V: LMG ("Lincoln") or the "Company") is pleased to report that it has received very good gold recoveries from column leach tests conducted by McClelland Laboratories (an independent laboratory located in Sparks, NV) on samples from its Pine Grove property.
Column leach tests have been carried out over the last five months on samples of large diameter PQ drill core. Two core holes were drilled on each of the Wheeler and Wilson deposits which constitute the main resource areas of the Pine Grove at this time. The core was transported from the project site by the project geologist to a secure facility in Yerington, NV where it was logged and then delivered to McClelland Laboratories in Sparks, NV.
Gold-bearing core samples were composited by McClelland and crushed to -3/8-inch and then placed in 6-inch diameter columns for leach testing. To maximize sample volume, all mineralized core was used in the column leach tests. McClelland and its subcontractor, ALS USA Inc. (Reno, NV), maintained in-house quality control using standards, blanks, and duplicate samples. Samples and test facilities were under secure conditions at all times. Encouraging results were received and are listed below.
Sample I.D. | Feed Size | Gold Grade (opt) | Gold Recovery |
Wheeler Composite | 80% -3/8" | 0.048 | 87.5% |
Wheeler Near-Surface Composite | 80% -3/8" | 0.080 | 85.0% |
Wilson Composite | 80% -3/8" | 0.064 | 62.5% |
At least four more PQ core holes are planned on each of the mineralized zones for additional column test work and other metallurgical tests. Test results will be used by Kappes, Cassiday & Associates (Reno, NV) in the design of the process flow sheet and plant. A Preliminary Economic Assessment is underway at this time by Tetra Tech (Golden, CO) which will be followed by a Feasibility Study. Mine permitting will follow shortly thereafter.
Lincoln's Qualified Person (under National Instrument 43-101) on the project is Micheal Attaway, P.E., the Company's Chief Operating Officer who has reviewed and approved the disclosure of the scientific and technical information contained in the 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"
Paul F. 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 IN RESPECT OF PLANS FOR EXPLORATION AND DEVELOPMENT OF ITS PINE GROVE PROPERTY 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.
For further information:
please contact Investor Relations at 604-688-7377 or visit the Company's website at www.lincolnmining.com.
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