June 29, 2006
CORPORATE UPDATE
Carson City, Nevada - June 29, 2006 - LINCOLN GOLD CORP. (OTCBB: LGCP)
Exploration to begin on the La Bufa gold-silver property, Mexico
LINCOLN GOLD CORPORATION (OTCBB:LGCP) is pleased to announce that it intends to begin an exploration program shortly on the La Bufa gold-silver property in the Guadalupe y Calvo district in southwestern Chihuahua State, Mexico. The property has been optioned by the Company from Almaden Resources Ltd. of Vancouver. Gold in the district was discovered in 1835 and subsequent production warranted construction of a government mint on site in 1844. Historic production is estimated at 2 million ozs gold and 28 million ozs silver.
New exploration work by the Company at La Bufa will include aerial photography covering the entire mining district, base map construction, detailed geologic mapping, rock-chip sampling, and soil sampling. Mapping and sampling will focus on a 70-meter wide zone of quartz veins that traverse the large La Bufa concessions for at least 1700 meters. This zone is believed to be an extension of the Rosario mine vein system which was a prolific high-grade gold-silver producer for over 100 years. Field work is expected to generate district-wide targets. The new targets will be prioritized and tested by core drilling. Follow-up drilling is also planned for areas that were partially drilled in the past with encouraging results.
The Company reports that Agnico-Eagle recently drilled five holes on the Buffalo Valley Property. Assay results were discouraging. Subsequently, Agnico-Eagle returned the property to Lincoln and we have dropped the underlying lease with Nevada North Resources (USA), Inc.
Lincoln Gold Corp. is a US based gold-silver exploration company located in Nevada with several projects in various stages of exploration. Lincoln Gold presently owns, or has options to acquire 100% interest in four projects in Nevada, all with potential for discovery of large gold-silver deposits including JDS, Jenny Hill and Hannah. The Company has optioned the La Bufa property in Mexico from Almaden Minerals Ltd. of Vancouver, Canada.
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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