Lincoln Gold Mining Inc. (TSXV:LMG) announced that the Bureau of Land Management Plan of Operations for the 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 follows the earlier consolidation of mineral claims and the Water Pollution Control Permit, completing the integration of core operational permits and mineral tenure within the Company’s structure.
The Bell Mountain Project is an advanced-stage gold-silver asset with a previously filed NI 43-101 Preliminary Economic Assessment outlining a conceptual heap leach development scenario. The consolidation of the BLM Plan of Operations is expected to strengthen the project’s execution framework as Lincoln progresses technical evaluation, engineering work, and development planning activities. The Company also continues discussions with potential financing partners to fund the next phase of advancement.
Ian Rogers, Chairman and CEO of Lincoln Gold Mining Inc., stated: “Completion of the BLM Plan of Operations transfer represents another important milestone in the consolidation of Bell Mountain within Lincoln’s operating structure. With the principal permits and mineral tenure now consolidated under the Company’s subsidiary structure, Lincoln is positioned to continue advancing technical evaluation, engineering, and development planning activities at Bell Mountain. We continue to engage with potential financing partners as we evaluate the next phase of project advancement.”
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. The Company’s portfolio includes the Bell Mountain Gold-Silver Project and the Pine Grove Gold Project, both located in Nevada, USA. Bell Mountain is an advanced-stage project with permitting in place and is being advanced toward development and potential production, subject to financing and customary approvals. 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 region benefits from established infrastructure, experienced mining workforce availability, and a long history of precious metals production.
Together, these assets represent a complementary development portfolio positioned along a staged advancement pathway, with Bell Mountain representing the nearer-term development focus and Pine Grove providing longer-term scale potential. Lincoln is focused on advancing its portfolio through staged development, technical de-risking, and capital formation initiatives, with the objective of progressing toward mid-tier gold producer status.
