Lincoln Mining Begins Drilling at La Bufa
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 07/15/11 -- Lincoln Mining Corporation, (TSX VENTURE: LMG) ('Lincoln' or the 'Company') is pleased to announce that core drilling has begun at its 100% owned La Bufa project in Chihuahua State, Mexico. The approximate 4,500 to 5,000 meter program will continue over the next few months on the northwest part of the property. Twenty-eight holes are planned with an average length of 525 feet or 160 meters. Five large, distinct targets have been identified from Aurico Gold Inc.'s (previously Gammon Gold) GyC property boundary in the south, across Lincoln's La Bufa property to the northern boundary of the La Bufa property, a distance of over 5 kilometers.
The drill holes will test for extensions of the main mineralized structures that run in a northwest-southeast direction. Drill targets have been defined by extensive geophysics, surface rock-chip and soil sampling, and geologic mapping of the 'Older Volcanics' (local host rock). Any intersections of gold/silver bearing structures will be encouraging in this under-explored area. Surface rock-chip sampling has returned values ranging from 0.32 gpt to 21.5 gpt gold and 3.2gpt to 978 gpt silver. (See July 27, 2010 news release for all results). Since 2008, Lincoln geologists have been focusing on defining drill targets in the northwest part of the property which is believed to have substantial mineral potential.
The La Bufa property is located in the prolific mining district of Guadalupe y Calvo where historic production has been estimated at over 2 million ounces of gold and 28 million ounces of silver. Lincoln's property surrounds the GyC property owned by Aurico. Aurico has recently announced inferred resources of over 1 million ounces of gold and 45.6 million ounces of silver on its GyC property which lies just to the southeast of Lincoln's drill area. (See February 28, 2011 news release by Gammon Gold.)
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 gold property, 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.
Lincoln will also be featured by CEO Clips on the Documentary Channel from July 11 to July 22 (available in Canada only). Lincoln's story will be featured as one of CEO Clips 2 minute profiles. The video will be posted on Lincoln's website.
On behalf of Lincoln Mining Corporation
'Paul Saxton'
Paul Saxton, President & CEO
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 FUTURE PLANS AND OBJECTIVES OF LINCOLN MINING AND ITS LA BUFA PROPERTY 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 COMPANIES' PLANS OR EXPECTATIONS INCLUDE ACTUAL EXPLORATION RESULTS, PROJECT DELAYS, AVAILABILITY OF CAPITAL AND FINANCING, GENERAL ECONOMIC, MARKET OR BUSINESS CONDITIONS, REGULATORY CHANGES, TIMELINES 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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Contacts:
Lincoln Mining Corporation
Investor Relations
604-688-7377
604-688-7307 (FAX)
www.lincolnmining.com