February 5, 2004
Acquisition of JDS Claims
Carson City, Nevada – February 5, 2004 - LINCOLN GOLD CORP. (OTCBB: LGCP) Lincoln Gold Corp. has staked a claim block call the "JDS" property in Pine Valley, Eureka County,Nevada.
The JDS property consists of 32 claims and lies both south and east of Placer Dome's Red Hill Project area. The property lies in the prolific Cortez or Battle Mountain - Eureka gold belt, approximately 10 miles east of the Cortez Joint Venture's ET Blue Project.
JDS claims were staked in alluvial cover over gravity highs. Interpretation of the gravity data suggests that bedrock at the site is relatively shallow. Several prominent structural features are also expressed in the gravity data. The JDS claims are adjacent to the JD window that exposes lower plate carbonate rocks that are favorable hosts for Carlin-type deposits.
During the past 18 months, the Horse Canyon Valley-Pine Valley area has been the site of a staking rush. Placer Dome, the Cortez Joint Venture, Idaho Resources, and Nevada North Resources have staked in excess of 2,200 lode mining claims. All of the Idaho Resource claims have been leased to either Placer Dome or the Cortez Joint Venture. The Nevada North properties are under lease to Newcrest Resources. Almost all of the Horse Canyon Valley-Pine Valley has been claimed. The JDS claims represent some of the last remaining shallow targets where underlying bedrock is likely lower-plate carbonates.
The JDS property represents an outstanding exploration play with the potential of discovering a Carlin-type deposit under the pediment in Pine Valley. The Horse Canyon Valley-Pine Valley area represents a geologic setting similar to Crescent Valley which hosts the Pipeline-Cortez mine complexes. The recent discovery of the +5.5 million ounce deposit at Cortez Hills demonstrates that major gold deposits remain to be found in the southern extension of the Crescent Valley mineralized belt.
LINCOLN GOLD CORP.
/s/ "Andrew Milligan"
Andrew Milligan,
President
For more information contact:
Investor Relations: 800-689-1659
www.lincolngold.com
 |
|
|
|
 |
 |
 |
|
 |
 |
||
|
|||
 |
 |
||