Projects

Projects

OVERVIEW

Lincoln Mining Corporation ("Lincoln" or "the Company") is exploring and developing gold and silver properties in key mineral regions of North America. The Company holds interests in two projects in the United States and one project in Mexico. The districts in which the properties are located have significant histories of mineral production and excellent infrastructure.

CORPORATE OBJECTIVE

Lincoln's management team brings together a number of senior-level mining engineers, corporate finance executives and geologists with proven track records of acquisition, exploration, mine-finding, mine-building and corporate finance. The Company's focus is on acquisition, exploration and development of prospective mineral projects in North America. Lincoln's immediate objective is to transition the Pine Grove gold project in Nevada from the development-stage into production. Continued exploration work is also planned for the Company's projects in California and Mexico.

NEVADA

Nevada is one of the world's leading regions for gold production.

Pine Grove Property - One of the Company's immediate objectives is to achieve gold production at the advanced-stage Pine Grove Property in Lyon County, Nevada. On December 8, 2011, Lincoln announced that it has obtained a positive Preliminary Economic Assessment NI 43-101 technical report ("PEA")on the Pine Grove gold project.  Combined Measured and Indicated gold resources within design pit shells for the Wheeler and Wilson deposits contain 3,470,000 tons grading 0.042 opt (1.44 g/t) gold at a cutoff grade of 0.007 opt gold (145,000 ozs gold). Mining will be conducted by a contract miner. Lincoln will be responsible for crushing, agglomeration, stacking, and processing. Gold will be stripped from the loaded carbon by an offsite independent refiner. Lincoln will maintain an offsite laboratory. Summary tables of gold resources are presented in the following sections. Additional exploration drilling is planned to increase the size of the resource.

CALIFORNIA

First discovered by the Spaniards as early as 1780-81, the Cargo Muchacho-Tumco district is believed to have produced the first gold mine in California.

Oro Cruz Property - The Oro Cruz project in Imperial County, California, is the Company's most recent acquisition. In February 2010, the Company executed an agreement with ADGIS, Inc. to acquire 20 lode mineralization claims that cover the Oro Cruz gold deposit. The Company has subsequently staked additional claims and the Oro Cruz project now consists of 151 lode claims covering approximately 3,000 acres. The main Oro Cruz gold deposit is an irregular, elongate, tabular zone that dips approximately 25º from the pit floor for at least 1,650 ft. There are over 400 drill holes on the property and the deposit remains open down dip with the deepest vertical hole containing 60 ft grading 0.4 oz per ton gold (not true thickness). Multiple exploration targets are present on the property.

On September 21, 2010, Lincoln Mining filed a NI 43-101 technical report, prepared by Tetra Tech, detailing an Inferred gold resource of 341,800 oz contained in 4,835,000 tons with an average grade of 0.070 opt gold.

Lincoln Mining plans to advance the Oro Cruz Property. Permitting is in progress and once received an exploration program based on recommendations in the technical report will begin. Work in 2012 will including early-stage confirmation drilling, metallurgy, base-line studies and early-stage mine permitting.

MEXICO

Mexico is one of the world's leading regions for gold-silver production and has a strong mining culture.

La Bufa Property - The project is an early to mid-stage gold-silver exploration project located in the historical Guadalupe y Calvo mining district within the Sierra Madre mineral belt in southwestern Chihuahua State. Lincoln controls a large land position that covers most of an 11 km long mineral trend. Past drilling by Lincoln and other operators has produced encouraging results. On February 10, 2009, Lincoln filed an amended and restated NI 43-101 technical report on La Bufa. In 2010, an induced polarization program was completed which identified a number of target areas in the northern part of the property. Three large target areas were identified and a drill program began in July 2011. Assays are still pending and work will continue into the fourth quarter 2011. Lincoln's management considers the La Bufa concessions to have significant potential.

TECHNICAL DISCLOSURE

Mr. Jeffrey L. Wilson, Vice President Exploration and Chief Operations Officer, supervises the Company's exploration programs and is the Company's "Qualified Person" for the purpose of NI 43-101 "Standards of Disclosure for Mineral Projects".  Mr. Wilson has reviewed and is responsible for the technical disclosure contained in this section of the Company's website.