Lincoln Gold Mining Inc. (TSXV:LMG) announced today that the Bureau of Land Management (BLM) 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 the core mineral tenure and principal operational permits for Bell Mountain under the company's subsidiary structure, following the mineral claims and Water Pollution Control Permit transfers completed earlier.
The transfer represents a significant step in advancing the project toward development. Bell Mountain is an advanced-stage gold-silver project with a previously filed NI 43-101 Preliminary Economic Assessment (PEA) outlining a conceptual heap leach development scenario. With the BLM Plan of Operations now in hand, Lincoln is positioned to continue technical evaluation, engineering work, and development planning activities, while engaging 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 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 project was acquired from Eros Resources Corp. and its wholly owned subsidiary Bell Mountain Exploration Corp. in a deal finalized in January 2025, which 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, with a portfolio that includes the Bell Mountain Gold-Silver Project and the Pine Grove Gold Project, both in Nevada. Bell Mountain is the nearer-term development focus, while Pine Grove offers longer-term scale potential. Both projects are located approximately 61 air miles apart within Nevada’s Walker Lane mineral belt, a highly prospective mining jurisdiction with established infrastructure and a skilled workforce.
The consolidation of permits and tenure strengthens Bell Mountain’s execution framework as Lincoln aims to progress toward mid-tier gold producer status. The company continues to focus on staged development, technical de-risking, and capital formation initiatives.
