April 2020
Cautionary Statement Certain statements contained herein regarding the Company and its operations constitute “forward-looking statements” or information. All statements other than statements of historical fact included in this presentation, including, without limitation, statements regarding future plans and objectives or expected results are forward-looking statements that are based on numerous assumptions that involve various risks and uncertainties inherent in the Company’s business, including risks related to mineral resource exploration and development. Actual results may very materially from those described in the forward-looking statements. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the companies’ plans or expectations include availability of capital and financing, general economic, market or business conditions, regulatory changes, timelines of government or regulatory approvals and other risks detailed herein and from time to time in the filings made by the Company with securities regulators. The Company makes all reasonable efforts to update its corporate materials, documentation and forward-looking information on a timely basis. The preliminary economic assessment and technical reports noted herein are preliminary in nature and include some inferred resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves. There is no certainty that these mineral resources will be realized. The reported mineral resources are not mineral reserves and do not have demonstrated economic viability. Mr. Paul Saxton, the Company’s President & CEO and a “qualified person” under NI 43-101, reviewed and approved the scientific and technical information contained in this presentation.
Overview & Objectives Listed on TSX Venture Exchange (LMG) & Frankfurt Stock Exchange (ZMG1). LEI Number: 5299000BW5PUL77IEQ04 PROJECTS: Pine Grove Property, Nevada Pre-development stage gold project Oro Cruz Property, California Advanced stage gold project OBJECTIVES: Advance exploration and development of Lincoln’s projects. o Achieve production & grow the Company through cash flow from production. o Continue to evaluate exploration projects that hold opportunity, with a view to o expanding Lincoln’s portfolio of gold properties in North America.
Management Team OFFICERS: Paul Saxton – President and CEO Paul Saxton is the President, CEO and Director, a mining engineer with extensive mining industry experience. Jeffrey Wilson – Executive Vice President & Vice President Exploration Director of Exploration, Mr. Wilson brings to Lincoln Mining 34 years of professional exploration experience. Micheal Attaway – Chief Operating Officer & Vice President Operations Mr. Attaway is a mining engineer with over 30 years of professional experience in mine operations. Eugene Beukman – Chief Financial Officer Mr. Beukman has over 30 years of experience related to acquisitions, joint ventures, organization and the management of public and private companies. DIRECTORS: Paul Saxton ADVISORS: Ron Netolitzky Andrew Milligan Henry Ewanchuk Ronald Coombes Robert Schafer Shing Lee
Share Structure Share Structure ( at April 15, 2020 ): Issued & Outstanding: 20,064,596 Warrants: 7,628,590 Options: 0 Fully Diluted Total: 28,748,309 Special Warrants: 1,055,123 (Exercisable under certain conditions)
Pine Grove Gold Property Wheeler Deposit, looking eastward.
Pine Grove Gold Property – Location Mines and Deposits within the Walker Lane Mineral Trend, Nevada.
Pine Grove – Project Highlights Pre-development stage project in Walker Lane Mineral Trend, Nevada. High-grade intercepts drilled in 2009 – 2010 (news release May 18, 2010) . Planned as an open-pit mine, with heap- leach processing and with 6 years of mine life operations. Strong potential for resource expansion. Project has excellent infrastructure.
Pine Grove – Two Deposits Wheeler Wilson Wheeler deposit deposit deposit Looking North. Looking South.
Nevada Project Developments Pine Grove Property – February 16, 2015, Lincoln filed an Amended and Restated NI 43-101 Preliminary Economic Assessment for the Pine Grove Project, Lyon County, Nevada. – Plan of Operations with the U.S. Forest Service, along with progress/protocol meetings with the U.S. Bureau of Land Management in Carson City, Nevada will continue. – Permitting, environmental studies, geotechnical, exploration drilling and field exploration work will continue.
Pine Grove – Mining History Historical Production Discovered in 1866; mined until 1887. Mined high-grade with average ≥ 1 opt gold. Lower grade gold material remains in place. Mined only to 160 ft – 180 ft. 240,000 ozs gold produced. * Modern Exploration 1989 to 1991 – Teck Resources – 190 holes. * 2009/2010 – Lincoln Gold US Corp. – 82 holes. 2017 – Lincoln Gold US Corp. – 14 holes 2018 – Permitting advancements * Source: Teck report 1996 Pine Grove – Old Stamp Mill.
Pine Grove – Mineral Resources Global Resources Estimate as at February 4, 2015 ( M e t r i c U n i t s ) ( I m p e r i a l U n i t s ) Average Cutoff Contained Average Cutoff Contained Tonnage Gold Grade Grade Gold Tonnage Gold Grade Grade Gold Resource Category At 0.007 opt Au cutoff (tonnes) (g/tonne) (g/tonne) (grams) (tons) (oz/ton) (oz/ton) (ounces) Total Measured & Indicated 3,060,000 1.37 0.240 4,182,000 3,373,000 0.040 0.007 134,500 Inferred 145,000 1.41 0.240 204,100 160,000 0.041 0.007 6,600 By Welsh Hagan Associates (formerly Telesto Nevada, Inc.) Note: The Pine Grove Preliminary Economic Assessment is preliminary in nature and includes some inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves. There is no certainty that the preliminary economic assessment will be realized. The reported mineral resources are not mineral reserves and do not have demonstrated economic viability.
Pine Grove – Exploration Potential Orange areas indicate target zones with exploration potential.
Pine Grove – Moving to Production Pine Grove – Site Layout.
2018 - Pine Grove Accomplishments – Mine Plan of Operations submitted to U.S. Forest Service – Data collecting for the Environmental Impact Study – Refined metallurgy and plant design – Carried out some underground investigation – Conducted soil sampling program in Scotts Canyon area
2019 Moving Towards Mine Construction SPRING 2019 – FALL 2019 – Complete and submit Environmental Impact Study – Complete construction finance document – Detailed engineering design work – Carry on with Community meetings – Establish construction date
Oro Cruz Gold Property Oro Cruz pit, looking eastward.
The Cargo Muchacho – Caborca Gold Trend crosses California and Arizona into northern Mexico. The trend has a history of open pit gold mines .
Oro Cruz – Land Location Imperial County, southeastern California. Tumco Mining District in the Cargo Muchacho Mountains. Approximately 14 miles south of the operating Mesquite Mine. Claims 231 lode claims, 20 lease claims & 13 placer claims. Land position approx. 5,420 acres or approx. 8.5 square miles
Oro Cruz – Mineral Resource Estimate Global Resources Estimate as at September 21, 2010 ( M e t r i c U n i t s ) ( I m p e r i a l U n i t s ) Average Cutoff Contained Average Cutoff Contained Tonnage Gold Grade Grade Gold Tonnage Gold Grade Grade Gold Resource Category (tonnes) (g/tonne) (g/tonne) (grams) (tons) (oz/ton) (oz/ton) (ounces) Inferred 4,386,000 2.20 0.68 10,631,000 4,835,000 0.07 0.02 341,800 By Tetra Tech, Inc. assays capped at 1.5 opt. Note: The Oro Cruz property mineral resource estimate consists of inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves. The reported mineral resources are not mineral reserves and do not have demonstrated economic viability.
Oro Cruz – 2019 Development On March 4, 2019, Lincoln entered into a letter agreement, through its subsidiary Lincoln Gold US Corp., granting Demerara Gold Corp. and Bell Mountain Exploration Corp. (the “Optionees”) an option to enter into a joint venture agreement for the development of the Oro Cruz gold project in southeastern California. If the option is exercised, the joint venture will allow the Optionees together to earn up to an undivided 75% interest in the Oro Cruz gold project by spending approx. US $2.1 million in property payments, exploration and develop- ment over the next five years.
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