Projects

Projects

OVERVIEW

Lincoln Mining Corporation (Lincoln or the Company) is exploring and developing precious metals properties in key mineral regions of North America. The Company holds interests in two gold projects in the United States that are located in districts with excellent infrastructure and that have significant histories of mineral production; these are the Pine Grove gold property in Nevada and the Oro Cruz gold property in California.  

NEVADA

Pine Grove Property - The Company's immediate objective is to achieve gold production at the development-stage Pine Grove gold project in Lyon County, Nevada. Lincoln filed an Amended and Restated NI 43-101 Preliminary Economic Assessment for the Pine Grove project in February 2015.  The report is available for viewing in the Technical Report section. The Pine Grove project hosts two gold deposits: the Wilson deposit and the Wheeler deposit.

Due to difficult market conditions and lack of funding in 2015 and 2016, Lincoln was not able to advance the property or make yearly rental payments under certain lease agreements. In June 2016, Lincoln announced that Goldcliff Resources (US) Inc. had acquired the Wilson lease, from Lyon Grove LLP of Reno, Nevada. The lease hosts the Wilson deposit and is made up of eight patented claims, located on the north side of Pine Grove Canyon. The Wilson deposit is approximately 3,500 ft from the Wheeler deposit on the south side of Pine Grove Canyon, which is held by Lincoln. Goldcliff made an upfront payment to Lyon Grove and assumed the yearly payments under the lease.

In August 2016, Lincoln and Goldcliff entered into a Letter of Intent allowing Goldcliff to earn a 40% joint venture interest in the Pine Grove project by spending US $1,400,000 over three years and contributing the Wilson patented claims to the Pine Grove project holdings of Lincoln. Lincoln retains its interest in the remaining Pine Grove claims that includes the four Wheeler patented mining claims, and 243 unpatented mining claims that surround the Wilson patented claims.  It is the intent of both Lincoln and Goldcliff to work together to develop the Pine Grove project. 

Since 2016, drill programs, survey work, geotechnical work, a field exploration program that identified a new target areas at the project, and other permitting work required by the U.S. Forest Service have been conducted at Pine Grove project. The survey work is important as the results will provide baseline biological data required to advance the Pine Grove property. Please refer to the Pine Grove project section for more details on this project.

CALIFORNIA

Oro Cruz Property - The Oro Cruz project in Imperial County, California, was leased in February 2010 from ADGIS, Inc. to acquire a core of 20 lode claims that cover the Oro Cruz gold deposit and Lincoln subsequently staked claims in the surrounding area. Recently, the Company has staked additional claims and the Oro Cruz project now consists of 251 lode claims, 13 placer claims, plus 20 (Hercules) lode claims that are now under a purchase option with ADGIS. The Oro Cruz property has nearly doubled in size and is now comprised of approximately 5,420 acres or nearly 8.5 square miles. The new claim staking was conducted to cover favorable geology in the Cargo Muchacho Mountains in the vicinity of past producers American Girl, American Boy, Padre y Madre, and Oro Cruz gold mines. Lincoln also staked the old leach pads at the American Girl and Padre y Madre mines. These pads are thought to still retain significant resources subject to possible reprocessing.

On March 4, 2019, Lincoln announced that it has granted Demerara Gold Corp. and Bell Mountain Exploration Corp. (the Optionees) an option to enter into a joint venture agreement for the development of the Oro Cruz gold project until June 30, 2019. If a joint venture agreement is concluded, the Optionees will have to spend approximately US$2.1 million in property payments, and fund exploration and development at the project over the next five years.  

In September 2010, Lincoln Mining filed a NI 43-101 Technical Report prepared by Tetra Tech in Denver, Colorado. The report envisions open-pit mining and heap leach processing. Please refer to the Oro Cruz project section for more details and for the full Technical Report.

Lincoln remains committed to the exploration and development of its projects in the United States. For more detailed information on each of the Company's projects, please go to the Projects section of this website.

TECHNICAL DISCLOSURE

Mr. Jeffrey L. Wilson, EVP & Vice President Exploration and Mr. Micheal Attaway, COO and Vice President Operations, supervise the Company's exploration programs and operations in the United States and are also the Company's "Qualified Person" for the purpose of NI 43-101 "Standards of Disclosure for Mineral Projects". Mr. Wilson and Mr. Attaway have reviewed and are responsible for the technical disclosure contained in this section of the Company's website.