Lincoln Gold Begins Core Drilling at La Bufa, Chihuahua, Mexico
14 March 2008 - 2:36AM
Marketwired
VANCOUVER, BRITISH COLUMBIA is pleased to announce that it has
commenced core drilling on the large La Bufa gold-silver
exploration property (2,291 hectares) in the Guadalupe y Calvo
mining district in southwestern Chihuahua State, Mexico. Energold
Drilling Corp. of Vancouver has been contracted to carry out the
drilling. The first drill arrived on site on February 29th, 2008
and a second drill may be brought to the site before the end of
March. The exploration program is focusing on the southern
extension of the Rosario vein system which extends onto the La Bufa
property for at least 1600 meters. The Company plans to drill a
minimum of 15 angle (-45 degrees) core holes in two-hole "fences"
across the vein system for a total of 6000 meters. All holes are
targeted to reach the 2250 meter level or deeper which was
historically productive in the adjacent Rosario mine which is owned
by Gammon Gold. To view the map please click on the following link:
http://media3.marketwire.com/docs/La%20Bufa.pdf
Potential also exists for the Rosario vein system to extend to
the north of the Rosario mine onto Lincoln ground. Lincoln
geologists have recently identified and sampled promising breccia
zones.
Lincoln Gold may earn up to a 60% interest in the La Bufa
property from Almaden Minerals Ltd. by spending US$3.5 million over
a 4 year period and issuing 1,550,000 shares.
The drilling program is being carried out as part of the Phase 1
exploration program recommended on the La Bufa property in the
technical report on the La Bufa property prepared by Mr. Richard W.
Bybee, P. Geo, and dated October 19, 2007. Mr. Jeffrey Wilson, the
Company's vice-president and chief operating officer and a
qualified person under National Instrument 43-101, supervised the
preparation of this news release.
Lincoln Gold Corp. is a gold exploration company with several
projects in various stages of exploration which includes three
properties, including the advanced Pine Grove property, in Nevada
and the La Bufa property in Mexico.
LINCOLN GOLD CORP.
Jeffrey L. Wilson, Vice President 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. 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 results of the NI 43-101 report on the La Bufa property
may be different than anticipated;
(ii) the inability of the Company to achieve the financing
required to pursue the exploration of the La Bufa property;
(iii) the results of exploration of the La Bufa property;
and
(iv) the lack 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.
Contacts: Lincoln Gold Corp. Investor Relations (604) 688-7377
Website: www.lincolngold.com
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