Lincoln Files Amended and Restated 43-101 Technical Report on Pine Grove
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb 16, 2015) - Lincoln Mining Corp., (TSX VENTURE:LMG) ("Lincoln" or the "Company") announces further to its news release dated December 2, 2014, it has filed an amended and restated NI 43-101 technical report dated February 4, 2015 prepared by Welsh Hagan Associates (formerly Telesto Nevada, Inc.) entitled "Amended and Restated NI 43-101 Preliminary Economic Assessment for the Pine Grove Project, Lyon County, Nevada" (the "Amended Report").
The Amended Report addresses comments raised by the BCSC, including but not limited to: enhanced cautionary language and improved disclosure regarding methodology and resources within the preliminary pit shell. The Amended Report discloses Total Measured and Indicated Resources within the pit shell of 134,500 ounces (at 0.007 opt cutoff) which reflects a difference of approximately 7% (11,000 ounces) from the original technical report's disclosure of Measured and Indicated resources within the pit shell (see news release dated December 8, 2011).
The Amended Report is available under the Company's profile on SEDAR (www.sedar.com).
Mr. Jeffrey Wilson, the Company's Vice President Exploration and a "qualified person" under National Instrument 43-101, reviewed and approved the scientific and technical information contained in 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 and the Oro Cruz gold property in California. In the United States, the Company operates under Lincoln Gold US Corp. and Lincoln Resource Group Corp., both Nevada corporations.
On behalf of Lincoln Mining Corp.
Paul 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 THE UPDATED TECHNICAL REPORTS 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 COMPANY'S PLANS OR EXPECTATIONS INCLUDE AVAILABILITY OF CAPITAL AND FINANCING TO MAINTAIN THE COMPANY'S PROJECTS; GENERAL ECONOMIC, MARKET OR BUSINESS CONDITIONS; FLUCTUATING METAL PRICES; REGULATORY CHANGES; TIMELINESS 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.
