Lincoln Provides Permitting Updates on Its Pine Grove Gold Mine Project
Suite 400 – 789 West Pender Street
Vancouver, BC V6C 1H2
Tel: 604-688-7377
Web: www.lincolnmining.com
Lincoln Provides Permitting Updates on Its Pine Grove Gold Mine Project
VANCOUVER – April 29, 2020. Lincoln Gold Mining Inc. (“Lincoln” or the “Company”) (TSXV: LMG)
continues unabated on its permitting efforts on its Pine Grove Gold Mine Project despite the Covid -19
pandemic. The permitting of the project in the gold rich, politically stable State of Nevada is progressing
with our consultants working effectively from their home offices writing the required baseline study
reports in support of the forthcoming Environmental Impact Statement (EIS). Interaction with the United
States Forest Service (USFS) and the various State of Nevada agencies is taking place via teleconferencing
meetings.
Paul Saxton, President of Lincoln, states “The Company believes that gold will continue to increase in price
and that we are extremely pleased that our consultants have been commended by the government
agencies on the fine job that they are doing in advancing the permitting for production under the present
conditions.”
Our lead permitting consultant, Stantec, has informed Lincoln that the botany baseline report has been
approved for the Project . Our consultants are moving on to the Biological Evaluation/B iological
Assessment for sensitive plant species and plan to have that submitted by May. The Air Quality Baseline
Report was submitted to the USFS in early April. Specialist Reports are the immediate precursor to
National Environmental Policy Act (“NEP A”) and Stantec will begin drafting Specialist Reports once the
baseline reports have been approved by the USFS.
About Lincoln
Lincoln Gold Mining Inc. is an advanced -stage gold mine exploration and development company holding
a 100% interest in the Pine Grove Gold Project, in the Walker Lane structural zone of western Nevada.
The Company has prepared a preliminary economic assessment of the Pine Grove Gold Project pursuant
to National Instrument 43-101 - Standards of Disclosure for Mineral Projects . Lincoln is working with the
USFS to secure the permits necessary to develop the Pine Grove Gold Project into a low -cost heap leach
operation with a high-grade gravity circuit.
Lincoln also owns an interest in a joint venture in respect of the Oro Cruz Gold Property in California.
Lincoln’s joint venture partner is advancing the Oro Cruz Gold Property towards further exploration,
development and production.
Lincoln holds its interests in these projects through its wholly owned subsidiaries, Lincoln Resource Group
Corp. and Lincoln Gold US Corporation, both Nevada corporations.
Lincoln has 20,864,596 shares issued as of April 20, 2020.
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Mr. Paul Saxton, P.Eng., the Company’s President and Chief Executive Officer and a “qualified person”
under National Instrument 43-101, reviewed and approved the scientific and technical information in this
news release.
For more information, please contact Paul Saxton, President and CEO of the Company.
On behalf of Lincoln Gold Mining Inc.
Paul Saxton
President and CEO, Lincoln Gold Mining Inc.
Tel: (604) 688-7377
Email: [email protected]
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION
Neither 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.
All statements, trend analysis and other information contained in this press release relative to markets
about anticipated future events or results constitute forward -looking statements. All statements, other
than statements of historical fact, included herein, including, without limitation, statements relating to
the price of gold, permitting process, future production of Pine Grove Gold Project, budget and timing
estimates, the Company’s working capital and financing opportunities and statements regarding the
exploration and mineralization potential of the Company’s properties, are forward -looking statements.
Forward-looking statements are subject to business and economi c risks and uncertainties and other
factors that could cause actual results of operations to differ materially from those contained in the
forward- looking statements. Forward -looking statements are based on estimates and opinions of
management at the date the statements are made. Lincoln does not undertake any obligation to update
forward-looking statements except as required by applicable securities laws. Investors should not place
undue reliance on forward- looking statements.