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lincoln mining corp/canada (ZMG) Details

Lincoln Mining Corporation, an exploration stage company, engages in the acquisition, exploration, and development of precious metals projects. The company explores for gold and silver properties. Its projects in various stages of exploration and development include the Pine Grove gold property in Nevada; and the Oro Cruz gold property consisting of 151 unpatented lode claims covering approximately 3,000 acres located in the Tumco mining district in the Cargo Muchacho Mountains, Imperial County, California, as well as the La Bufa gold-silver property comprising 4 mining concessions totaling 2,311.1 hectares in Mexico. The company is headquartered in Vancouver, Canada.

lincoln mining corp/canada (ZMG) Top Compensated Officers

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Compensation as of Fiscal Year 2011.

lincoln mining corp/canada (ZMG) Key Developments

Lincoln Mining Corporation Begins Drilling at Bell Mountain, Nevada

Lincoln Mining Corporation announced that two drill rigs are presently operating at its Bell Mountain gold-silver property in Churchill County, Nevada. Lincoln controls the project through a purchase agreement and assignment of an option to earn 100% interest in the property. Core drilling for metallurgical samples began on April 6 and remains in progress. Core drilling for geotechnical data will follow. Infill reverse-circulation drilling to upgrade the resource confidence level began on April 15 and also remains in progress. Subsequent data will be included in a Pre-Feasibility Report planned for later this year. It is the Company's intent to advance the project to production. Planned Drilling: A total of 35 holes are planned for an estimated total of 8,780 ft (2,825 m). Drilling is expected to be completed sometime in May. Resources: Gold-silver resources at Bell Mountain are present in three deposits, the Spurr, Varga and Sphinx. At a cutoff grade of 0.006 opt gold, these deposits host measured and indicated resources of 10,760,000 tons grading 0.015 opt gold and 0.514 opt silver containing a total of 165,018 ozs gold and 5,533,907 ozs silver. At the same cutoff grade, inferred resources are 2,255,000 tons grading 0.013 opt gold and 0.387 opt silver containing a total of 29,550 ozs gold and 872,411 ozs silver. Lincoln believed that the three deposits at Bell Mountain are well suited to open-pit mining and heap leach processing.

Lincoln to Drill at Bell Mountain, Nevada

Lincoln Mining Corporation announced that its has received the necessary permit from the BLM for its planned drill program at the Bell Mountain gold-silver property in Churchill County, Nevada. Lincoln controls the Bell Mountain project through a purchase agreement and assignment of an option to earn 100% of the property. Drilling will consist of core drilling for metallurgical samples, oriented core drilling for geotechnical data required for pit designs, and infill reverse-circulation drilling to upgrade the resource confidence level. Data obtained from the drill program will be included in a Pre-Feasibility Report and will be used to obtain its production permits. A total of 35 holes are planned for an estimated total of 8,780 ft (2,825 m).

Lincoln Mining Corporation Announces Executive Changes

Lincoln Mining Corporation announced the appointment of Mr. Jimmy Mah, effective December 5, 2012, as Chief Financial Officer to replace Mr. Emmet McGrath, subject to the approval of the applicable regulatory authorities. Mr. McGrath has resigned from his position as Chief Financial Officer, as announced by the company on November 22, 2012.

 

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