VANCOUVER, April 6 /CNW/ - Lincoln Mining Corporation, TSX-V: LMG ("Lincoln") or the "Company") is pleased to report that it has received a number of high-grade gold and silver assays from the recent outcrop and trench sampling programs on its 100% owned La Bufa property near the town of Guadalupe y Calvo, Chihuahua, Mexico.
The La Bufa property is located in the highly productive precious metals belt of the Sierra Madre Occidental where historic records of the area report production of over 2 million ounces of gold and 40 million ounces of silver. The trench and rock samples were taken in conjunction with an extensive ground geophysical program that was also recently carried out on the property. The geophysical program consisted of 8 lines running east-west, totaling approximately 22 line km. Each of these geophysical lines crosses the NW extension of the historical mineralized structures that run the entire distance of Lincoln's property. The geophysical program showed strong anomalies.
Sampling was carried out in areas of geophysical anomalies in mainly "Lower Volcanics", which are known to host most of the gold and silver resources in the area. Most of the 126 samples were rock-chip grab samples which are somewhat selective and may not represent average grades on the property. Sample spacing was variable, usually in tens of meters, based on the availability of outcrops and physical access. Significant assay results include 1.98, 20.0, and 21.5 grams per tonne gold and 38.6, 164, 180, 193, 434, and 626 grams per tonne of silver. These values are primarily concentrated in stockwork and quartz breccia which extend over a 900 m NW-trending zone that is about 10 m in width. Geophysical surveys suggest that the zone extends to over 300 m in depth.
Another favourable zone at the north end of the La Bufa 2 concession has been defined by three lines of geophysics and anomalous surface gold values hosted in quartz-hematite veinlets cutting pyroclostic rocks. The length of this anomaly is projected to be at least 1 km. This encouraging zone offers additional potential for significant gold-silver mineralization.
An exploration drill program is planned for later in 2010 after all assay data have been received from the trenching program. These data will be combined with the geophysical program data, the geologic mapping as well as surface soils and rock chip samples to define the best drill targets.
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. In Mexico, the Company operates under Minera Lincoln de Mexico S.A. de C.V.
On behlaf of Lincoln Mining Corporation
Paul Saxton, President & CEO
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SOURCE LINCOLN MINING CORPORATION
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