Lincoln Minerals has been awarded a PACE grant by the South Australian Government for proposed diamond core drilling on the company’s 100% owned Eurilla Project EL 3690 on the northeastern Eyre Peninsula. The drilling program has been approved for funding to the level of USD 75,000 as part of the South Australian Government’s Plan for Accelerating Exploration Initiative under Theme 2 – Drilling Collaboration between PIRSA and Industry. Mr John Parker MD of Lincoln Minerals said that Lincoln is planning to commence air core and slim hole reverse circulation drilling on its Jungle Dam uranium deposit and Eurilla South and Jungle Dam iron ore targets in June 2010 with follow up diamond core drilling scheduled for July 2010.
