Projects
OVERVIEW
Lincoln Gold Mining Inc. (Lincoln or the Company) is exploring and developing properties in key mineral regions of North America. The Company holds interests in a gold project in the United States. The property, Pine Grove, is located within district with excellent infrastructure and significant history of mineral production.
Lincoln continues to evaluate mineral properties which contain significant potential. Properties with economic merit and good logistics will be considered for acquisition. For more detailed information on each of the Company's properties, please go to each Project section of this website.
NEVADA, USA
Pine Grove Property - The Company's immediate objective is to achieve 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. At this time, the Pine Grove project hosts two gold deposits: the Wilson deposit and the Wheeler deposit.
Since 2016, drill programs, survey work, geotechnical work, a field exploration program that identified new target areas at the project, and other production permitting work have been conducted at Pine Grove. Lincoln is now well underway in the permitting studies needed to take the project to production. A prefeasibility study is planned for October 2021. Please refer to the Pine Grove project section for more details on this project.
In March 2021, to reduce Net Smelter Returns Royalty (“NSR) on the patented claims at Pine Grove, Lincoln signed a Letter of Intent (“LOI”) with Lyon Grove LLC to reduce the royalties on its Wilson property. Under the terms of the LOI, the Company will buydown the Wilson property NSR from 2.5% to 1.0% on the patented claims and from 5.0% to 1.0% on the claims that fall within the area of interest. The Company also signed a LOI with Wheeler Mining Company on the Wheeler property which comprises a substantial part of the Company’s Pine Grove project. Under the terms of the LOI, the Company will buydown the NSR from 7% to 2%. The LOI’s are subject to regulatory approval, the execution of a definitive agreement and project financing.
TECHNICAL DISCLOSURE
Mr. Joseph Sawyer, P.E., President of the Company’s two U.S. Subsidiaries and Micheal Attaway, COO and Vice President Operations, supervise the Company's exploration programs and operations in the United States. Mr. Paul Saxton, P. Eng. President of Lincoln Gold Mining Inc., and Mr. Joseph Sawyer are the Company's "Qualified Person" for the purpose of NI 43-101 "Standards of Disclosure for Mineral Projects". Mr. Saxton has reviewed and is responsible for the technical disclosure contained in this section of the Company's website.
©2009 Lincoln Mining Corp
