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Overview
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Lincoln Mining Corporation (the “Company”) is a Canadian based exploration and development company trading on the TSX Venture Exchange under the symbol LMG. The Company focus is on the acquisition, exploration and development of mineral projects in North America. Lincoln currently holds interests in gold and silver properties in key mineral regions of Nevada, California and Mexico. All of its projects are situated in districts with significant histories of mineral production and infrastructure. The Company’s primary goal is to advance its Pine Grove project towards production (see property sections for details). Nevada
Bell Mountain (recent acquisition) – On November 28, 2012, Lincoln announced that it has entered into a Purchase Agreement for the acquisition of the Bell Mountain Property. On September 5, 2012, Lincoln announced that it had signed a Letter Agreement with Laurion Minerals Exploration Inc. for the purchase and assignment of an option to earn a 100% interest in the Bell Mountain Property in Churchill County, Nevada. Bell Mountain, which is an advanced-stage gold-silver project, is approximately 150 miles northeast from the Pine Grove Property. For a description of this project, maps and photos, please go to the Bell Mountain Property section. Once the acquisition of Bell Mountain has been completed, Lincoln’s primary focus will be to bring its projects in Nevada into production. California The Oro Cruz project is located in the historic Tumco Mining District of southeastern California approximately 14 miles southeast from the operating Mesquite gold mine and adjacent to the past producing American Girl gold mine and the Padre and Madre gold mines. Lincoln believes the Oro Cruz project holds near term potential to be expanded and developed into a producing gold mine through renewed open-pit and underground mining. A NI 43-101 technical report was filed on SEDAR in September 2010 reporting Inferred resources of over 340,000 oz gold. In March 2011, Lincoln and Elgin Mining entered into an exploration financing agreement, granting Elgin the exclusive right and option to acquire up to a 60% undivided interest in the Oro Cruz property by funding exploration expenditures. Over a period of two years, Elgin committed to fund exploration at Oro Cruz totaling $3MM, prior to earning any interest in the project. In September 2012, Lincoln announced that it had terminated its Letter Agreement with Elgin Mining. Permitting and exploration drilling have been delayed pending arbitration. Mexico In Mexico, the La Bufa Property is situated in the district of Guadalupe y Calvo in the northern State of Chihuahua. This project lies within the Sierra Madre Occidental along a trend encompassing numerous gold and silver mines. La Bufa offers excellent exploration potential and a drill program was undertaken in 2011. A 20-hole drilling program was completed in December 2011, which confirmed the existence of gold-silver mineralized structures, quartz breccias zones, and some significant silver-gold intercepts were encountered. Lincoln and Elgin Mining entered into an exploration financing agreement, granting Elgin the exclusive right and option to acquire up to a 60% undivided interest in the La Bufa property by funding exploration expenditures. Elgin has committed to fund exploration at La Bufa totaling $1MM over a two year period, prior to earning any interest in the project. Further work is being considered pending arbitration of the letter agreement with Elgin Mining. Senior-level Management While good projects are critical to success, equally important is a management team that can negotiate the risks, difficulties and complexities of mineral exploration and development. Lincoln Mining Corporation has an experienced team which includes senior executives, mining engineers and geologists who have developed major mines and explored some of the world's most important mineral regions. |
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info@lincolnmining.com
©2009 Lincoln Mining Corp |
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