Initiation Of Core Sample Analysis At Pine Grove Gold Project

VANCOUVER - Lincoln Gold Mining Inc. reported 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. 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.