August 16, 2004
DRILLING COMMENCES AT HERCULES
CARSON CITY, NEVADA - August 16, 2004 - LINCOLN GOLD CORP. (OTCBB:LGCP) is pleased to announce that it has commenced drilling on the Hercules gold-silver property located approximately 17 miles east of Carson City in Lyon County, Nevada. Drilling is designed to test deeper levels of the vein system for bonanza-grade gold and silver.
The Hercules property is in the northern Pine Nut Range and covers an extensive epithermal vein system. The vein system is similar to the nearby Comstock Lode and the bonanza-grade Midas vein system in north-central Nevada. Geologic mapping and sampling as well as past shallow drilling indicate the potential for high-grade ore shoots at depth. Target areas are 1 ounce per ton (opt) gold and 30 opt silver.
Lincoln has contracted Drift Exploration Drilling to drill four (4) reverse circulation angle (approximately -60 degrees) holes to a depth of 900 feet each for a total footage of 3600 feet. The holes should encounter the steeply dipping vein system at 500 feet to 850 feet down the vein dip. A certified lab will provide analytical services.
The veins have banded textures, chalcedonic quartz and other features suggesting they are near the upper portion of the epithermal system, with potential for higher grade, bonanza values at depth. Surface samples across the veins have yielded up to 0.96 opt gold. Prior drilling generally tested only the upper 100-150 feet of the veins.
Lincoln Gold Corp. can earn up to a 70% interest in the Hercules project.
Lincoln Gold Corp. is a gold exploration company focused in Nevada, with several gold exploration projects in various stages of exploration and development. For more information, visit the Company’s web site at www.lincolngold.com or call Barry Forward, Investor Relations, at 1800-689-1659.
LINCOLN GOLD CORP.
/s/ "Jeffrey Wilson"
Jeffrey L. Wilson,
V.P. Exploration and COO
For more information contact:
Investor Relations: 800-689-1659
www.lincolngold.com
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