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Lincoln Mining Given Go Ahead to Drill at Bell Mountain, Nevada; Shares Up 12%

Lincoln Mining Corporation (LMG.V) has received the necessary permit from the Bureau of Land Management for its planned drill program at the Bell Mountain gold-silver property in Churchill County, Nevada.

Lincoln controls the Bell Mountain project through a purchase agreement and assignment of an option to earn 100% of the property. Drilling will consist of core drilling for metallurgical samples, oriented core drilling for geotechnical data required for pit designs, and infill reverse-circulation drilling to upgrade the resource confidence level.

A total of 35 holes are planned for an estimated total of 8,780 ft (2,825 m). The drilling program will commence in late March or early April and should be completed during May.

Data obtained from the drill program will be included in a Pre-Feasibility Report and will be used to obtain its production permits.

LMG shares gained half-a-cent to $0.045.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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