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 its wholly owned subsidiary Lincoln Resource Group Corp. This move consolidates operational control and permitting interests for Bell Mountain following the Company’s acquisition completed in January 2025.
With the mineral claims and Water Pollution Control Permit previously transferred, the completion of the BLM Plan of Operations transfer now consolidates the core mineral tenure and principal operational permits within the Company’s subsidiary structure. This represents a significant step in streamlining the project's regulatory framework and positioning it for future development.
Bell Mountain is an advanced-stage gold-silver project supported by a prior NI 43-101 Preliminary Economic Assessment outlining a conceptual heap leach development scenario. The operational transfer strengthens the project’s execution framework as Lincoln advances ongoing 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 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 for the transaction 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. 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.
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.
For further information, please contact Lincoln Gold Mining Inc. at info@lincolnmining.com or call 604-688-7377. 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. Forward-looking statements are based on assumptions but are subject to risks such as availability of financing, changes in market conditions, permitting risks, and operational risks.
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