News
Latest News Releases

Latest News Releases

Lincoln Mining Continues To Advance Permitting At The Pine Grove Gold Project


November 9, 2017

Vancouver, British Columbia – Lincoln Mining Corporation, TSX-V: LMG (“Lincoln” or the Company”) is pleased to provide an update on the permitting progress for its Pine Grove property in Nevada.    

On August 22, 2017, the Company announced that it had engaged a team of consultants to assist it through the permitting process for the Pine Grove project. The permitting process is under the direction of Del Fortner, Director of Permitting and Environmental Compliance, who was introduced to Lincoln’s shareholders in the Company’s news release dated April 19, 2017. In that news release it was noted that a Plan of Operations (“PoO”) had already been submitted to the United States Forest Service (“USFS”) regarding geotechnical investigations that are needed to complete the mine facilities design. It was also noted that Mr. Fortner would be working with the Company’s senior personnel and consultants to develop an overall mine development PoO for submission to the USFS.

Most recently the Company has delivered to the USFS a map showing an outline of the area of direct impact that will be made by the Pine Grove mining operations. This map is critical to the overall permitting process as it will determine the extent of the studies that need to be completed for the Environmental Impact Study (“EIS”). 

The PoO for the overall project will be made available to the USFS in early 2018 and will include all pertinent information regarding the design, construction and operation of the proposed mine along with a closure plan. Details of the PoO are extensive and include amongst other information:

  1. Heap Leach Pad design
  2. ADR Plant criteria
  3. Mine Access Roads
  4. Infrastructure review for power, water, ponds, buildings, etc.
  5. Conveyance design
  6. Open pit mine design with Slope Stability Study
  7. Ancillary Facilities
  8. Public Access Roads
  9. Closure goals and a reclamation plan

Moreover, a Pre-Feasibility Study will be undertaken in early January, 2018 for completion by mid-2018. The study will incorporate up-to-date capital and operating costs, latest resource grades, metallurgical studies, heap leach recovery estimates and all other pertinent data needed to complete the study. This permitting work and the Pre-Feasibility Study will be subject to financing.   

Paul Saxton, President & CEO of Lincoln Mining stated that: “The Company was incorporated and listed on the TSX-V in 2009, with precious metals operations being its primary goal. I am pleased to report that we are now drawing closer to that goal. Over the years numerous projects have been acquired, explored and studied and now Lincoln’s management believe that the Pine Grove project offers the opportunity to finally achieve that goal”.

Mr. Jeffrey Wilson, the Company’s Vice President Exploration is considered a "qualified person" under National Instrument 43-101, and has 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 two projects in various stages of exploration and development, namely the Pine Grove gold property in Nevada 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.

For further information, please contact Investor Relations at 604-688-7377 or visit the Company’s website at www.lincolnmining.com.    

On behalf of Lincoln Mining Corporation  

"Paul Saxton"  

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 USE OF THE PROCEEDS FROM THE PRIVATE PLACEMENT AND PLANS TO CLOSE ADDITIONAL TRANCHES, 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; CHANGES IN PLANNED WORK OR USE OF PROCEEDS RESULTING FROM LOGISTICAL, TECHNICAL OR OTHER FACTORS; GENERAL ECONOMIC, MARKET OR BUSINESS CONDITIONS; FLUCTUATING METAL PRICES; THE POSSIBILITY OF COST OVERRUNS OR UNANTICIPATED EXPENSES IN WORK PROGRAMS; 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.