Lincoln Gold Identifies Mercury Soil Gas Anomaly on its JDS Property within the Cortez Trend, Nevada
09 Août 2005 - 12:00PM
Business Wire
LINCOLN GOLD CORP. (OTCBB:LGCP) is pleased to announce that it has
identified a significant mercury soil gas anomaly on its JDS gold
property located within the Cortez Trend, Nevada. Mercury soil gas
is known to accumulate over some concealed Carlin-type gold
deposits. The Company's survey consisted of 240 samples taken on
eight lines with 50-meter sample stations. Lincoln Gold's 100%
owned JDS property is located approximately 18 miles southeast of
the Cortez Hills and Cortez Pediment gold discoveries (9 MM ounces
gold) which are Carlin-type deposits and are owned by Placer
Dome/Kennecott. The JDS property, which adjoins Placer Dome's
claims that are located to the west and north, consist of 77 claims
of pediment gravels covering "lower plate" carbonate rocks that are
favorable hosts for Carlin-type gold deposits. Coincident with the
mercury soil gas anomaly are a "gravity high" and an aeromagnetic
anomaly. The "gravity high" indicates shallow bedrock and the
aeromagnetic data suggest intrusive rocks associated with the
"lower plate" carbonate rocks. Collectively, these data could
indicate a blind Carlin-type gold target on the JDS property,
similar to those found in the Cortez area. Lincoln Gold intends to
drill test the target or joint venture the property to a suitable
operator who is active within the Cortez Trend. Lincoln Gold Corp.
is a US based gold-silver exploration company located in Nevada
with several projects in various stages of exploration. Lincoln
Gold presently owns, or has options to acquire a 100% interest in
five projects in Nevada, all with potential for discovery of large
gold-silver deposits, including: Buffalo Valley, JDS, Jenny Hill,
Hannah, and Lincoln Flat. LINCOLN GOLD CORP. Jeff 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. This news release may
contain information about adjacent properties on which we have no
right to explore or mine 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 inability of the Company to complete the
acquisition of any interest in any new mineral exploration
properties; (ii) the inability of the Company to achieve the
financing required to pursue the acquisition of exploration of any
new mineral properties; (iii) the inability of the Company to
complete the acquisition of Lincoln Gold; (iv) the inability of the
Company to raise the financing necessary to conduct exploration of
the Lincoln Gold properties; and (v) the presence 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. Lincoln Gold Corp. (OTC
Bulletin Board:LGCP)
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