Lincoln Gold Mining Inc. (TSXV:LMG) announced that the Bureau of Land Management (BLM) 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 milestone follows the Company’s acquisition of the project in January 2025 and consolidates the core mineral tenure and principal operational permits under Lincoln’s direct control.
The transfer of the BLM Plan of Operations is the latest in a series of permit and claim consolidations. The mineral claims and Water Pollution Control Permit were previously transferred, and with this final operational permit transfer, Lincoln now holds all key regulatory approvals for the Bell Mountain Project. According to the Company, this consolidation strengthens the project’s execution framework as Lincoln advances technical evaluation, engineering work, and development planning activities, while continuing discussions with potential financing partners.
Bell Mountain is an advanced-stage gold-silver project supported by a previously filed NI 43-101 Preliminary Economic Assessment (PEA) outlining a conceptual heap leach development scenario. 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.”
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 for the transaction included common shares of the Company and a net profits interest (NPI) 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, 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.
With the consolidation of permits, Lincoln is better positioned to de-risk the project and attract financing. The next phase involves securing capital to fund engineering and development, with the ultimate goal of achieving mid-tier gold producer status. For more information, visit the original release on NewMediaWire.
