Hannah Property
| Location: | Churchill County, Nevada, 55 miles northeast of Reno |
| Commodities: | Gold, silver |
| Area: | 0.7 square mile |
| Ownership: | 100% |
| Status: | Exploration |
Encouraging Assays from Early Drilling
Located in the southern Trinity Range, the Hannah property has returned encouraging assays in shallow drilling. The claims cover “exotic” metamorphic terrain consisting of Triassic metavolcanics and Tertiary (?) intrusive rocks. Access is excellent via the I-80 freeway and dirt roads.
Multiple Targets Drilled
Past work on the property included an old exploration trench on the western portion of the property which reportedly contained 12 feet grading 0.21 opt Au and 20 opt Ag. The trench has long since been backfilled. Geologic mapping, rock-chip and soil sampling by Lincoln Gold identified multiple targets which were drilled in June of 2005 during an 11-hole, 4,815 foot reverse-circulation program. Two holes, H-11 and H-1, encountered encouraging gold-silver mineralization in the western portion of the property in the vicinity of the old trench. Although strong alteration was encountered elsewhere to the east, the remaining holes were barren.
Holes H-11 and H-1 were drilled approximately 75 ft apart to test a structural target defined by a conspicuous, silicified iron-stained breccia cutting bleached and highly altered Triassic metasedimentary rocks. The small breccia outcrop is exposed on the edge of a pediment (gravel over bedrock) that slopes away to the west.
Hole H-11 (-60°) encountered 10 ft of shallow, highly oxidized mineralization grading 0.094 opt Au + 5.05 opt Ag from 15 to 25 ft, including 5 ft grading 0.150 opt Au + 7.18 opt Ag. Hole H-1 (-45°) encountered 35 ft of shallow, highly oxidized mineralization grading 0.016 opt Au from 40 to 75 ft, including 5 ft grading 0029 opt au + 0.88 opt Ag. The geochemical signature for the two mineralized intercepts consist of gold and silver with attending elevated values of arsnic, antimony, barium and copper.
Magnetometer Results Suggest Favorable Setting
During the spring of 2006, the Company conducted a ground magnetometer survey over the mineralized outcrop and surrounding pediment. The magnetic data reveal several concealed lineaments and a magnetic high under the pediment gravels, perhaps representing Tertiary volcanics juxtaposed against Triassic metavolcanic rocks. This geologic setting is favorable for hosting significant gold-silver deposits.
Future Exploration
Lincoln Gold plans to conduct a simple exploration drilling program to follow-up the previous mineralized drill hole intercepts and test the zone underneath the pediment gravels to the west.