Business
Lincoln Mining Drills 50 Feet of 5.28 gpt Gold, Identifies New Upper Gold Zone, and Extends Known Mineralization at Pine Grove, Nevada
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 9, 2017) - Paul Saxton, President of Lincoln Mining Corporation (TSX VENTURE:LMG) ("Lincoln" or the "Company")
About this update from Lincoln Gold Mining Inc
[{"type":"text","content":"VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 9, 2017) - Paul Saxton, President of Lincoln Mining Corporation (TSX VENTURE:LMG) (\"Lincoln\" or the \"Company\") is pleased to announce that it has received all drill hole assay results from its step out drilling program on the northern portion of the Wilson gold deposit at its Pine Grove gold property in Lyon County, Nevada. Drilling was conducted to expand known gold mineralization northward where the Wilson deposit remains open. The drilling program consisted of 14 reverse-circulation drill holes for a total footage of 6,962.5 ft. (2,132.6 m). Most holes were drilled on approximately 100 ft. (30.5 m) centers along two step out fences. Seven of the 14 drill holes encountered significant gold mineralization. All holes encountered detectable gold. The successful seven holes define a mineralized strike length of at least 510 ft. (155.5 m) with gold mineralization dipping northeastward at 10° to 20°. The principal host rock is Jurassic granodiorite which contains low dipping, stacked gold zones that are 25 to 50 ft. (7.6 to 15.2 m) in thickness and begin as shallow as 55 ft. (16.8 m). Rhyolite porphyry, feldspar porphyry, and dacite dikes are in immediate proximity to the mineralized zones and parallel to mineralization. Five of the drill holes (WL-105, 107, 108, 112, & 117) have intersected a new, shallow, upper gold zone hosted in the granodiorite. This new zone appears open down dip for at least 300 to 400 ft. northward towards the well mineralized hole (WS-17) drilled by Teck Resources in 1991. The table below lists some of the significant drill hole intercepts (not true thicknesses). To view the entire summary of drill hole intercepts, along with the drill hole location map, please go to the Pine Grove Property section of the Company's website at www.lincolnmining.com. Hole No. Angle From (ft.) To (ft.) Intercept (ft.) Gold opt Intercept (m) Gold gpt WL-105 -90° 90 120 30 0.062 9.14 2.061 WL-107 -90° 120 150 30 0.042 9.14 1.435 255 280 25 0.046 7.62 1.537 355 380 25 0.089 7.62 3.055 WL-108 -90° &n...