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Lincoln Gold Continues Exploration in Nevada
Tuesday June 28, 6:00 am ET
CARSON CITY, Nev.--(BUSINESS WIRE)--June 28, 2005--LINCOLN GOLD CORP. (OTCBB:LGCP - News) is pleased to announce that it is continuing exploration on its gold properties in Nevada.
The first round of drilling at the Hannah gold property in Churchill County consisting of 11 holes has been completed for a total footage of 4,815 ft. Assays remain pending.
The Company's first drill program is planned to commence in early July on the Lincoln Flat gold property in Lyon County near the mining town of Yerington. Nine reverse-circulation holes for a total footage of 4,500 ft are planned to test multiple surface rock-chip and soil gold anomalies.
A mercury soil gas survey is planned to begin in early July on the Company's JDS gold property in the Cortez Trend, Eureka County. Soil gas measurements will be collected from approximately 250 stations.
The property is underlain by lower plate carbonate strata and possible intrusive rocks indicated by gravity and magnetic data. The soil gas survey is designed to identify mercury anomalies that may be related to buried Carlin-type gold deposits.
Results from 149 new soil samples were received for the Jenny Hill gold property in Mineral County, approximately 16 miles west of the small town of Gabbs. Over 350 soil samples reveal several strong soil gold anomalies in the southern portion of the claim block in the vicinity of known skarn mineralization.
Interpretation of recently acquired ground magnetic and gravity data remains in progress. Jenny Hill offers potential for both Carlin-type and skarn-type gold deposits.
Company geologists continue to review new gold opportunities in Nevada, Utah, Arizona, California and Mexico. The Company expects to acquire one or two new properties in the near future.
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.
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