VANCOUVER, June 15 /CNW/ - Lincoln Mining Corporation, TSX-V: LMG ("Lincoln" or the "Company") is pleased to report that it is continuing to advance the Pine Grove project.
Lincoln has directed its consultants to conduct a 700 acre Class III Cultural Resource Inventory to accompany ongoing environmental work. This work is being conducted in anticipation of an Environment Assessment required to advance the gold project. The survey area contains proposed drill locations and potential mining and processing sites.
Based on previously announced new high-grade intersections from the 2009-2010 drilling program (see news release May 18, 2010), step-out and some infill drilling are warranted. The Company has budgeted for 68 reverse-circulation drill holes of which 30 are planned on patented claims (State jurisdiction) and 38 and planned on ground administered by the US Forest Service. Drilling on the patented claims should commence this summer. Pending receipt of federal permits, drilling should continue onto adjacent US Forest Service ground in late summer - early fall. Additional metallurgical and geotechnical core holes are also planned.
A scoping study (preliminary economic assessment) is in progress to determine new resource categories and mining parameters.
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 in Nevada, 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 and in Mexico under Minera Lincoln de Mexico S.A. de C.V.
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 604-202-6596 or 604-688-7377 or visit the Company's website at www.lincolnmining.com