| Lincoln Mining And Goldcliff Resource Look To Jointly Advance The Pine Grove Property In Nevada | |
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Vancouver, British Columbia - Lincoln Mining Corporation, TSX-V: LMG ('Lincoln' or the 'Company') announces that Goldcliff Resources (US) Inc., a wholly owned subsidiary of Goldcliff Resource Corporation, ('Goldcliff') has acquired the lease on the eight patented claims that were held by Lincoln, classified by Lincoln as the Wilson claims, from Lyon Grove LLP of Reno, NV. Goldcliff has made or will make an upfront payment to Lyon Grove of $61,729.84 (US) and will assume the yearly rental payments under the lease. Lincoln was not able to make the yearly annual payments to Lyon Grove on the property. Lincoln retains its interest in the remaining claims including the four Wheeler patented mining claims, and 243 unpatented mining claims (lode, placer and millsite) that surround the Wilson patented claims.
It is the intent of both Lincoln and Goldcliff US to work together to develop the Pine Grove project. In that regard the two companies are in discussions about jointly advancing the project. Paul Saxton is a director of both Lincoln Mining Corporation and Goldcliff Resources Corporation.
Lincoln Mining Corp. is a Canadian precious metals exploration and development company with projects in various stages of exploration and development that include the Pine Grove gold property in Nevada and the Oro Cruz gold property in California. In the United States, the Company operates under Lincoln Gold US Corp. and Lincoln Resource Group Corp., both Nevada corporations.
For further information, please contact Investor Relations at 604-688-7377 or visit the Company's website at www.lincolnmining.com.
On behalf of Lincoln Mining Corporation
'Paul Saxton'
Paul Saxton, President & CEO
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.
THIS PRESS RELEASE INCLUDES FORWARD-LOOKING STATEMENTS OR INFORMATION. ALL STATEMENTS OTHER THAN STATEMENTS OF HISTORICAL FACT INCLUDED IN THIS RELEASE, INCLUDING WITHOUT LIMITATION, STATEMENTS REGARDING THE STATUS OF THE PROPERTIES ARE FORWARD-LOOKING STATEMENTS THAT INVOLVE VARIOUS RISKS AND UNCERTAINTIES. 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 AVAILABILITY OF CAPITAL AND FINANCING TO MAINTAIN THE COMPANY'S PROJECTS; GENERAL ECONOMIC, MARKET OR BUSINESS CONDITIONS; FLUCTUATING METAL PRICES; 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. THE COMPANY MAKES ALL REASONABLE EFFORTS TO UPDATE ITS CORPORATE MATERIAL, DOCUMENTATION AND FORWARD-LOOKING INFORMATION ON A TIMELY BASIS.
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Lincoln Mining Corp
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EXPLORATEUR |
CODE : LMG.V |
ISIN : CA5340181067 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Lincoln Mining est une société d’exploration minière d'argent et d'or basée au Canada. Lincoln Mining détient divers projets d'exploration au Mexique. Ses principaux projets en exploration sont PINE GROVE en USA et LA BUFA et HANNAH au Mexique. Lincoln Mining est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 6,9 millions CA$ (5,1 millions US$, 4,6 millions €). La valeur de son action a atteint son plus haut niveau récent le 29 janvier 2010 à 3,40 CA$, et son plus bas niveau récent le 28 juin 2019 à 0,01 CA$. Lincoln Mining possède 25 500 000 actions en circulation. |