November 7, 2006
CORPORATE UPDATE
Carson City, Nevada - November 7, 2006 - LINCOLN GOLD CORP. (OTCBB: LGCP)
Lincoln Gold Completes Soil Survey On La Bufa Property, Chihuhua, Mexico
LINCOLN GOLD CORPORATION (OTCBB:LGCP) is pleased to announce that it has completed a soil survey on its La Bufa property in the Guadalupe y Calvo district in southwest Chihuahua State, Mexcio. Here, Lincoln is earning into three large concessions owned by Almaden Minerals Ltd. that total 2,291 hectares. The soil survey covers the southern strike extension of the historic El Rosario gold-silver vein system controlled by Gammon Lake Resources. Soil sampling covered an area 1600 m long and 500 m wide with 33 sample lines on 50 m spacing and sample stations on 25 m spacing. Assaying was conducted by an ISO-certified laboratory in Canada for gold and 34 elements. Results reveal at least eight significant gold anomalies that warrant follow-up work. Previous core drilling in the vicinity of one gold anomaly by Grid Capital Corp. in 2004 encountered multiple quartz veins with intercepts up to 1.82 m grading 9.00 gpt gold and 447 gpt silver.
In regard to continued work on the La Bufa property, Lincoln has recently completed aerial photography over the entire Guadalupe y Calvo district and will be producing a topographic base map suitable for detail geologic mapping and future drilling operations.
Lincoln Gold Corporation is a US-based gold-silver exploration company located in Carson City, Nevada with four projects in various stages of exploration. Lincoln Gold presently owns or has options to acquire 100% interest in three projects in Nevada, all with potential for discovery of large gold-silver deposits, including JDS, Jenny Hill and Hannah.
LINCOLN GOLD CORP.
"Jeffrey L. Wilson"
Vice President of Exploration and COO
For more information contact:
Investor Relations: 800-689-1659 or [email protected]
www.lincolngold.com
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