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VANCOUVER, BC / ACCESSWIRE / August 13, 2024 / Lincoln Gold Mining Inc. (TSXV:LMG) ("Lincoln Gold" or the "Company") is pleased to announce the commencement of core sample analysis from its 2021 drilling program on the Wilson deposit, at the Pine Grove Project in Lyon County, Nevada. This analysis represents an important step in Lincoln Gold's strategy to expand resources and evaluate the potential for further development at the property.
The Pine Grove Project has already undergone extensive exploration, featuring 275 drill holes and a comprehensive NI 43-101 report filed on SEDAR on February 16, 2015, and available on the Company's website. The project is nearing the final stages of permitting, with full approval anticipated within the next 12 to 16 months. Currently, Pine Grove boasts measured and indicated resources equivalent to 210,962 ounces of gold, with one of Nevada's highest reserve gold grades at 1.23 g/t. Approximately 25% of the property has been explored, leaving significant potential for resource expansion.
The 2021 drilling program focused on the Wilson Deposit, where five core holes provided valuable data on rock structure, lithology, and mineralization, including quartz-sulfide veining with trace copper within established ore zones. These insights are vital for guiding future exploration and resource expansion efforts. Due to the challenges posed by COVID-19 and the need to prioritize our limited funds at the time, the Company was unable to complete the full analyses of the core until now.
A key driver of this important next step is Mr. Reid Yano, an accomplished geologist with a wealth of experience in both industry and government projects. As a respected member of the Geological Society of Nevada and the Society of Mining, Metallurgy, and Exploration, Mr. Yano's deep understanding of the region's geology will be invaluable in interpreting the core sample analysis and guiding the subsequent exploration and resource development.
The Preliminary Economic Assessment (PEA) for Pine Grove highlights substantial exploration potential beyond the current resource base, recommending infill and offset drilling at the Wilson Deposit, deep drilling at the Wheeler Deposit, and expanded exploration across other promising areas. Ten new drill targets have already been identified, underscoring the project's considerable growth potential.
"We're excited to advance our work at Pine Grove, a project with significant upside," said Mr. Paul Saxton, President and CEO of Lincoln Gold. "The core sample analysis and subsequent exploration efforts are crucial to unlocking the full potential of this high-grade gold project. With our strategic approach and the expertise, we've brought on board, including Mr. Yano, we are well-positioned to drive this project forward."
Lincoln Gold remains committed to advancing the Pine Grove Project responsibly and efficiently, with a focus on delivering value to its shareholders. The Company will continue to provide updates as the analysis and exploration programs progress.
About Lincoln Gold Mining Inc.:
Lincoln is a Canadian precious metals exploration and development company headquartered in Vancouver, BC. Lincoln holds 100% interest in Pine Grove gold project located in Nevada, US, renowned for its mining-friendly regulations. Lincoln received conditional approval from the TSXV on its acquisition of the Bell Mountain from Eros Resources Corp. The anticipated completion of this transaction will mark a pivotal moment for Lincoln, enabling a potent operational synergy between these two properties. Lincoln is committed to maintaining steady and robust progress towards its goal of becoming a mid-tier gold producer.
For further information, please contact:
Lincoln Gold Mining Inc.
Paul Saxton
President and Chief Executive Officer
Phone: 604-688-7377
Email: saxton@lincolnmining.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Statements
This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. "Forward-looking information" includes, but is not limited to, statements with respect to the activities, events or developments that the Company expects or anticipates will or may occur in the future, including the ability of the Company to complete the Second Tranche on the proposed terms or at all, the anticipated closing date of the Second Tranche, the anticipated use of proceeds from the Offering and receipt of regulatory approvals with respect to the Offering and the Acquisition..
Generally, but not always, forward-looking information and statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative connation thereof.
Such forward-looking information and statements are based on numerous assumptions, including among others, that the Company will be able to complete the Second Tranche on the terms as anticipated by management, that the Company will use the proceeds of the Offering as anticipated, the expected closing date of the Second Tranche, and that the Company will receive regulatory approval with respect to the Offering and the Acquisition. Although the assumptions made by the Company in providing forward-looking information or making forward-looking statements are considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate.
There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's plans or expectations include the risk that the Company will not be able to complete the Second Tranche on the terms as anticipated by management or at all, that the Company will not use the proceeds of the Offering as anticipated, that the Company will not receive regulatory approval with respect to the Offering, risks relating to the acquisition of the Bell Mountain gold project, including the risk that the Company will not receive regulatory or TSXV approval to close the transaction, that the Company will not complete the acquisition of the Bell Mountain gold project at all, and that if the Company does acquire the Bell Mountain gold project, the impact will be different than as currently anticipated, risks relating to the actual results of current exploration activities, fluctuating gold prices, possibility of equipment breakdowns and delays, exploration cost overruns, availability of capital and financing, general economic, market or business conditions, regulatory changes, timeliness of government or regulatory approvals and other risks detailed herein and from time to time in the filings made by the Company with securities regulators.
Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information or implied by forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information.
The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.
SOURCE: Lincoln Gold Mining Inc.
不用于向美国新闻通讯社分发或在美国传播
不列颠哥伦比亚省温哥华/ACCESSWIRE/2024年8月13日/林肯黄金矿业公司(TSXV: LMG)(“林肯黄金” 或 “公司”)欣然宣布,其2021年在内华达州里昂县派恩格罗夫项目威尔逊矿床钻探计划的岩心样本分析开始。该分析代表了林肯金业扩大资源和评估该物业进一步开发潜力的战略中的重要一步。
派恩格罗夫项目已经进行了广泛的勘探,包括275个钻孔和一份全面的NI 43-101报告,于2015年2月16日在SEDAR上提交,该报告可在该公司的网站上查阅。该项目已接近许可的最后阶段,预计将在未来12至16个月内获得全面批准。目前,派恩格罗夫拥有相当于210,962盎司黄金的测定和指示资源,是内华达州储量最高的黄金品位之一,为1.23克/吨。该地产的约25%已被勘探,为资源扩张留下了巨大的潜力。
2021年的钻探计划侧重于威尔逊矿床,那里的五个岩心孔提供了有关岩石结构、岩性和矿化的宝贵数据,包括在既定矿区内用微量铜开采石英硫化物矿脉。这些见解对于指导未来的勘探和资源扩张工作至关重要。由于 COVID-19 带来的挑战以及当时需要优先考虑我们有限的资金,该公司迄今无法完成对核心的全面分析。
下一步的重要推动者是里德·矢野先生,他是一位成就卓著的地质学家,在工业和政府项目方面拥有丰富的经验。作为内华达州地质学会和矿业、冶金和勘探学会受人尊敬的成员,矢野先生对该地区地质学的深刻理解对于解释核心样本分析和指导随后的勘探和资源开发将是非常宝贵的。
Pine Grove的初步经济评估(PEA)强调了当前资源基础之外的巨大勘探潜力,建议在威尔逊矿床进行填充和抵消钻探,在惠勒矿床进行深层钻探,并在其他有前景的地区扩大勘探。已经确定了十个新的钻探目标,这凸显了该项目的巨大增长潜力。
林肯黄金总裁兼首席执行官保罗·萨克斯顿表示:“我们很高兴能推进我们在派恩格罗夫的工作,这个项目有很大的上升空间。”“核心样本分析和随后的勘探工作对于释放这个高品位黄金项目的全部潜力至关重要。凭借我们的战略方针和专业知识,包括矢野先生,我们完全有能力推动这个项目向前发展。”
林肯黄金仍然致力于以负责任和高效的方式推进派恩格罗夫项目,重点是为股东创造价值。随着分析和勘探计划的进展,公司将继续提供最新情况。
关于林肯黄金矿业公司:
林肯是一家加拿大贵金属勘探和开发公司,总部位于不列颠哥伦比亚省温哥华。林肯持有位于美国内华达州的派恩格罗夫金矿项目 100% 的权益,该项目以其矿业友好型法规而闻名。林肯从爱神资源公司收购贝尔山获得了多伦多证券交易所的有条件批准。该交易的预期完成将标志着林肯的关键时刻,将使这两处房产之间形成强大的运营协同效应。林肯致力于在实现成为中级黄金生产商的目标方面保持稳定而强劲的进展。
欲了解更多信息,请联系:
林肯黄金矿业公司
保罗·萨克斯顿
总裁兼首席执行官
电话:604-688-7377
电子邮件:saxton@lincolnmining.com
多伦多证券交易所风险投资交易所及其监管服务提供商(该术语在多伦多证券交易所风险投资交易所的政策中定义)均不对本新闻稿的充分性或准确性承担责任。
关于前瞻性陈述的警示说明
本新闻稿包含适用的加拿大证券立法所指的 “前瞻性信息”。“前瞻性信息” 包括但不限于与公司预计或预计将来将发生或可能发生的活动、事件或事态发展有关的陈述,包括公司按拟议条款或根本完成第二部分的能力、第二部分的预计截止日期、本次发行所得收益的预期用途以及本次发行和收购获得监管部门批准的情况。
通常,但并非总是如此,前瞻性信息和陈述可以通过使用 “计划”、“预期”、“预期”、“预算”、“估计”、“预测”、“打算”、“预期” 或 “相信” 等词语或其负面含义或此类词语和短语的变体来识别,或声明某些行动、事件或结果 “可能”、“会”, “可能” 或 “将被采取”, “发生” 或 “被实现” 或其负面含义.
此类前瞻性信息和陈述基于许多假设,其中包括公司将能够按照管理层预期的条件完成第二批投资,公司将按预期使用本次发行的收益,第二批的预计截止日期,以及公司将获得有关本次发行和收购的监管批准。尽管当时管理层认为公司在提供前瞻性信息或作出前瞻性陈述时做出的假设是合理的,但无法保证这些假设会被证明是准确的。
无法保证此类陈述会被证明是准确的,实际结果和未来事件可能与此类声明中的预期有重大差异。可能导致实际业绩与公司计划或预期存在重大差异的重要因素包括公司将无法按照管理层预期的条件完成第二批资金的风险,或根本无法按预期使用发行收益,公司无法获得监管部门对本次发行的批准,与收购贝尔山黄金项目相关的风险,包括公司无法获得监管机构的风险或多伦多证券交易所批准关闭交易,公司根本不会完成对贝尔山黄金项目的收购,如果公司确实收购了贝尔山金矿项目,其影响将与目前的预期不同,与当前勘探活动的实际结果相关的风险,金价波动,设备故障和延误的可能性,勘探成本超支,资本和融资的可用性,总体经济、市场或业务状况,监管变化,政府或监管机构批准的及时性 vals 和此处以及公司向证券监管机构提交的文件中不时详述的其他风险。
尽管公司试图确定可能导致实际业绩与前瞻性信息中包含的或前瞻性信息所暗示的结果存在重大差异的重要因素,但可能还有其他因素导致业绩与预期、估计或预期不符。无法保证前瞻性信息和陈述会被证明是准确的,因为实际结果和未来事件可能与预期、估计或预期的结果存在重大差异。因此,读者不应过分依赖前瞻性陈述或信息。
除非适用的证券立法另有要求,否则公司明确表示无意或义务更新或修改任何前瞻性陈述,无论是由于新信息、未来事件还是其他原因。
来源:林肯黄金矿业公司