Lincoln Mining Announces That Drilling Is Underway at the Pine Grove Property, Nevada
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov 17, 2016) - Lincoln Mining Corp. (TSX VENTURE:LMG) ("Lincoln" or the "Company") -
Paul Saxton, President of Lincoln Mining Corp. is pleased to confirm that the resource expansion drilling program on the Pine Grove property in Lyon County, Nevada (announced October 27, 2016) is now underway.
The 14 hole 6,800 ft reverse circulation drill program on the Wilson patented claims is expected to be completed early in December. Drilling is on 100 ft centers and is concentrated along the northern boundary of the Wilson patented claims. As of mid-day, November 16th, four holes had been completed for a total footage of 1,765 ft. Should drilling results show that the gold mineralization remains open, additional drilling will be planned.
New mineralized intercepts will be included in an updated resource estimate due early in the second quarter of 2017.
The drilling program is part of the Goldcliff Resource Corporation earn-in on the project which is spending US$1.4 million over three years to earn a 40% interest in the property.
Jeffery Wilson, Vice President of Exploration of Lincoln Mining Corp., and a Qualified Person under NI 43-101 has reviewed the technical disclosure contained in this news release.
Lincoln Mining Corp. is a Canadian precious metals exploration and development company with two projects in various stages of exploration and development, which include the advanced stage Pine Grove gold property in Nevada and the pre-development stage Oro Cruz gold property in California. In the United States, the Company operates under Lincoln Gold US Corp. and Lincoln Resource Group Corp., both are Nevada corporations.
On behalf of Lincoln Mining Corporation
Paul Saxton, President & CEO
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THIS PRESS RELEASE MAY INCLUDE FORWARD-LOOKING STATEMENTS OR INFORMATION. ALL STATEMENTS OTHER THAN STATEMENTS OF HISTORICAL FACT INCLUDED IN THIS RELEASE, INCLUDING WITHOUT LIMITATION, STATEMENTS REGARDING THE STATUS OF THE COMPANY'S PROPERTIES 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.
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