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 completes the consolidation of core mineral tenure and principal operational permits under the company's subsidiary structure, following the previously announced acquisition in January 2025 and earlier transfers of mineral claims and the Water Pollution Control Permit.
The Bell Mountain project is an advanced-stage gold-silver asset supported by a prior NI 43-101 Preliminary Economic Assessment outlining a conceptual heap leach development scenario. With the BLM Plan of Operations now transferred, Lincoln has strengthened the project's execution framework as it continues technical evaluation, engineering work, and development planning. The company is also actively engaging with potential financing partners to fund the next phase of advancement.
Ian Rogers, Chairman and CEO of Lincoln Gold Mining, stated that completion of the BLM Plan of Operations transfer represents an important milestone in consolidating Bell Mountain within Lincoln's operating structure. With principal permits and mineral tenure now consolidated, Lincoln is positioned to continue advancing technical evaluation, engineering, and development planning activities. Rogers noted that the company continues to engage with potential financing partners as it evaluates the next phase of project advancement.
The Bell Mountain project was acquired from Eros Resources Corp. and its wholly owned subsidiary Bell Mountain Exploration Corp. under a definitive agreement dated November 3, 2023, as amended. Consideration included common shares and a net profits interest royalty. The project is located within Nevada's Walker Lane mineral belt, a prospective mining jurisdiction with established infrastructure and a history of precious metals production. Lincoln's portfolio also includes the Pine Grove Gold Project, located approximately 61 air miles away, which is at an earlier stage of permitting and development evaluation.
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 more information, the original press release is available at NewMediaWire.
Forward-looking statements in this release involve risks including financing availability, market conditions, permitting risks, and operational uncertainties. The company undertakes no obligation to update forward-looking statements except as required by law.
