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 its wholly owned subsidiary Lincoln Resource Group Corp. This milestone consolidates operational control and permitting interests following the Company’s acquisition completed in January 2025.
The mineral claims and Water Pollution Control Permit were previously transferred. With the BLM Plan of Operations now transferred, the core mineral tenure and principal operational permits associated with Bell Mountain are consolidated within the Company’s subsidiary structure, streamlining the project’s execution framework.
Bell Mountain is an advanced-stage gold-silver project supported by a previously filed NI 43-101 Preliminary Economic Assessment outlining a conceptual heap leach development scenario. The Company is advancing technical evaluation, engineering work, and development planning activities while continuing discussions with potential financing partners.
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, 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 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 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 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 Company 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.
For further information, contact Lincoln Gold Mining Inc. Ian Rogers, Chairman and CEO, at 604-688-7377 or email info@lincolnmining.com. Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
This news release contains forward-looking statements, including statements regarding the Company’s plans for the Bell Mountain Project, potential financing, and future development activities. Such statements are based on assumptions but are subject to risks including the availability of financing, changes in market conditions, permitting risks, and operational risks. There can be no assurance that forward-looking statements will prove accurate, that financing will be obtained, or that the Project will be developed. Readers are cautioned not to place undue reliance on forward-looking statements, and the Company undertakes no obligation to update them except as required by securities laws.
