Tuesday, 24th June 2008 (336 views)

Lincoln Gold has announced that it has made progress on the drilling of the La Bufa gold-silver property in Mexico and has almost finished the first phase.

The company has drilled a total of about 4,466 metres at the location in the Guadalupe y Calvo mining district in south western Chihuahua State so far.

Altogether, 12 main holes have been drilled into the El Rosario gold-silver vein system, part of which is on the La Bufa property and the company hopes to analyse the information it has gathered through phase one of the drilling and begin the second phase.

The company claims: "Results to date suggest that gold-silver mineralisation occurs in the upper portion of the vein system."

In related news, Australian company Azumah Resources recently announced that results from its diamond drilling activities have shown that a new mining site at Bepkong in Ghana may have richer gold seams than "the 516,000-ounce Kunche resource", Mineweb.com has reported.

 

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