Business
Lincoln recommences drilling on Pine Grove gold property, Nevada
Lincoln recommences drilling on Pine Grove gold property, Nevada
About this update from Lincoln Gold Mining Inc
[{"type":"text","content":"\n\n\n\n Jul. 29, 2010 (Canada NewsWire Group) -- \n \n \n VANCOUVER, July 29 /CNW/ - Lincoln Mining Corporation, TSX-V: LMG ("Lincoln" or the "Company") is pleased to report that it has commenced additional drilling on its Pine Grove gold property located approximately 20 miles south of Yerington, Nevada in the Pine Grove Hills. The goal of the drilling is to expand and confirm gold resources. A track-mounted, reverse-circulation drill rig began drilling on July 26th and is scheduled to complete 28 holes on the Wilson and Wheeler patented claims (private properties) where most of the gold resources are located. Drilling on the Wilson is primarily step-out drilling on known mineralization. Drilling on the Wheeler is largely infill drilling. Most holes are less than 350 ft in depth.\nA Plan of Operations has also been submitted to the US Forest Service to drill an additional 38 to 40 reverse-circulation holes. All of these planned holes will be step-out drilling on 100-ft centers and are designed to follow the gold mineralization from the patented claims onto the Company's adjacent unpatented lode claims.\nLincoln Mining intends to advance Pine Grove to production and envisions an open-pit mine with heap-leach processing on the property. Continued drilling, metallurgical testing, and the compilation of a scoping study (preliminary economic assessment) are underway in support of this plan.\nMr. Jeffrey Wilson, the Company's Executive Vice President and a Qualified Person under National Instrument 43-101, supervised the preparation of this news release.\n\nLincoln 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.\n\nOn behalf of Lincoln Mining Corporation\n\n"Paul Saxton"\n\nPaul Saxton, President & CEO\n\nNEITHER 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.\n\nTHIS PRESS RELEASE INCLUDES FORWARD-LOOKING STATEMENTS OR...