Aspect Huntley
Lincoln Minerals Releases September 2007 Quarterly Activities Report
Thursday October 25, 2007, 8:21 am

Original Announcement: Quarterly Activities Report

Lincoln Minerals released their quarterly activities report ended 30 September 2007 reporting that Inaugural Gum Flat drilling program has completed. Highlights include: eight, ezones of iron (Fe) mineralisation; hematite-rich banded iron formation (BIF) containing up to 52.6% Fe; large exploration target with at least 5km strike length of high amplitude magnetic anomalies and associated folded BIF; and relatively shallow cover within 20km of existing infrastructure. The Company also reported that a Heads of Agreement was signed with diversified Indian iron ore and metals miner, Mineral Enterprises to form a JV on the Gum Flat Project and that drilling completed on 8 October at Cockabidnie for a total of 3,396m (45 DHs).

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