Lincoln Mining has commenced the core drilling program at its Mexico-based La Bufa project. The drilling program of about 4,500 to 5,000 m will be continuing for a few more months at the property’s northwest part.
The company has planned to drill 28 holes with a length of 160 m in average. Five huge and different targets have been discovered at the GyC property boundary of Aurico Gold in south, which is across the La Bufa property of Lincoln to the northern border, at more than 5 km distance.
The drill holes will examine for the expansions of the significant mineralized formations, which runs in a northwest-southeast trend. Surface rock-chip and soil sampling, geologic mapping and wide geophysics at the Older Volcanics have outlined the drill hole targets. The company is expecting to find intersections of gold and silver bearing formations in the under-explored regions. It has encountered 0.32 g/t to 21.5 g/t gold and 3.2g/t to 978 g/t silver through surface rock-chip sampling. The geologists from the company are focusing to outline the drill targets in the property’s northwest part, which is considered to contain significant mineral potential.
The location of the La Bufa property is in the Guadalupe y Calvo’s productive mining district, wherein the historic production was calculated at more than 2 Moz gold and 28 Moz silver. The property of Lincoln encloses Aurico’s GyC property. Recently, Aurico has reported the inferred resources of more than 1 Moz gold and 45.6 Moz silver from the GyC property that is located immediately to the southeast of Lincoln's drill targets.
Source: http://www.lincolnmining.com/