Lincoln Gold Mining Inc. (TSXV:LMG) announced that the Bureau of Land Management Plan of Operations for its Bell Mountain Gold-Silver Project in Churchill County, Nevada has been formally transferred into the Company's wholly owned subsidiary, Lincoln Resource Group Corp. This transfer consolidates the core mineral tenure and principal operational permits under one entity, following the acquisition of the project in January 2025.
Bell Mountain is an advanced-stage gold-silver project with a previously filed NI 43-101 Preliminary Economic Assessment outlining a conceptual heap leach development scenario. The completion of the BLM Plan of Operations transfer strengthens the project's execution framework, allowing Lincoln to advance ongoing technical evaluation, engineering work, and development planning activities.
Ian Rogers, Chairman and CEO of Lincoln Gold Mining Inc., stated that the transfer represents another important milestone in consolidating Bell Mountain within Lincoln's operating structure. With principal permits and mineral tenure now consolidated, the company is positioned to continue advancing technical evaluation, engineering, and development planning activities while engaging with potential financing partners.
The company is actively progressing discussions with potential financing partners regarding funding options for Bell Mountain. Subject to securing financing and customary approvals, Lincoln intends to continue advancing engineering and development planning activities.
The Bell Mountain Project was acquired from Eros Resources Corp. and its wholly owned subsidiary Bell Mountain Exploration Corp. pursuant to a definitive agreement dated November 3, 2023, as amended. Consideration included common shares of the Company and a net profits interest royalty.
Lincoln Gold Mining Inc. is a Canadian precious metals exploration and development company headquartered in Vancouver, British Columbia. Its portfolio includes the Bell Mountain Gold-Silver Project and the Pine Grove Gold Project, both located in Nevada. Bell Mountain is an advanced-stage project with permitting in place, being advanced toward development and potential production. Pine Grove is a larger-scale project currently in the permitting and development evaluation stage. Both projects are located approximately 61 air miles apart within Nevada's Walker Lane mineral belt, a highly prospective mining jurisdiction.
The completion of the BLM Plan of Operations transfer is a critical step in de-risking the Bell Mountain project and positioning it for the next phase of development. By consolidating operational control and permitting, Lincoln Gold is better equipped to advance the project toward production, subject to financing.
