Lincoln Gold Advances Exploration on Nevada Gold Properties
04 5월 2005 - 1:10AM
Business Wire
LINCOLN GOLD CORP. (OTCBB:LGCP) Lincoln Gold is pleased to announce
initial results from a continuing soil sampling program on the
Lincoln Flat gold property in Lyon and Douglas Counties,
approximately 8 miles west of the mining town of Yerington. Results
from 188 soil samples collected on 100 feet x 200 feet and 200 feet
x 200 feet grids over prospective areas reveal numerous soil gold
anomalies. A new soil gold anomaly has been identified in the
vicinity of the gold hematite breccia target. Follow-up soil
sampling is in progress to further define the extent of the
anomaly. At least eight (8) new soil gold anomalies have been
identified in the fracture-controlled gold porphyry target area.
Fieldwork is continuing to further define and focus drill targets.
Permitting for drilling is in progress. Drilling at the Company's
Hannah gold property in Churchill County, approximately 55 miles
west of Reno, is scheduled to commence within the next few days.
Ten (10) reverse-circulation drill holes are planned for a total
footage of 5,000 feet. The holes are designed to test a coherent,
soil gold anomaly over an oxidized, ductile-brittle shear zone of
quartz-sericite schist that extends for 3000 feet. Drill cuttings
will be assayed for gold and silver in Reno, Nevada by a laboratory
that is compliant with international ISO standards. A large ground
magnetometer survey has been partially completed on the Company's
Jenny Hill gold property in Mineral and Nye Counties, approximately
16 miles west of the small desert town of Gabbs. Survey work
remains in progress. When completed, 110 km of new data will be
merged with the Company's existing 63 km of data for interpretation
with emphasis on structures related to gold mineralization and
possible extensions of known skarn mineralization. Also planned are
144 gravity stations to determine depth to bedrock in prospective
areas. Soil sampling and continued geologic mapping are also
planned. Lincoln Gold Corp. is a US based gold exploration company
focused in Nevada with several gold exploration projects in various
stages of exploration. Lincoln Gold presently owns, or has options
to acquire a 100% interest in five projects in Nevada, all with
potential for discovery of large gold deposits, including: Buffalo
Valley, JDS, Jenny Hill, Hannah, and Lincoln Flat. LINCOLN GOLD
CORP. Jeffrey Wilson, Vice President Exploration and COO This Press
Release may contain, in addition, to historical information,
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. These statements are
based on management's expectations and beliefs, and involve risks
and uncertainties. This news release may contain information about
adjacent properties on which we have no right to explore or mine
These statements may involve known and unknown risks and
uncertainties and other factors that may cause the actual results
to be materially different from the results implied herein. Key
factors that could cause actual results to differ materially from
those described in forward-looking statements are: (i) the
inability of the Company to complete the acquisition of any
interest in any new mineral exploration properties; (ii) the
inability of the Company to achieve the financing required to
pursue the acquisition of exploration of any new mineral
properties; (iii) the inability of the Company to complete the
acquisition of Lincoln Gold; (iv) the inability of the Company to
raise the financing necessary to conduct exploration of the Lincoln
Gold properties; and (v) the presence of commercial mineralization
on the Lincoln Gold properties. Readers are cautioned not to place
undue reliance on the forward-looking statements made in this Press
Release. Lincoln Gold Corp. (OTC Bulletin Board:LGCP)
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