Lincoln Gold Mining Inc. (TSXV:LMG) announced 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 to its wholly owned subsidiary, Lincoln Resource Group Corp. This transfer completes the consolidation of core operational permits and mineral tenure for the project, following the company's acquisition of the project in January 2025.
The Bell Mountain Project is an advanced-stage gold-silver asset supported by a previously filed NI 43-101 Preliminary Economic Assessment (PEA) that outlines a conceptual heap leach development scenario. With the BLM Plan of Operations now transferred, along with the mineral claims and Water Pollution Control Permit previously transferred, Lincoln has consolidated all principal permits and mineral rights under its subsidiary structure.
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 to fund the next phase of project advancement. Subject to securing financing and customary approvals, Lincoln intends to continue engineering and development planning activities. The 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 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, being advanced toward potential production. Pine Grove is a larger-scale project currently in the permitting and development evaluation stage. Both projects are located within Nevada’s Walker Lane mineral belt, a well-established mining jurisdiction with existing infrastructure and a skilled workforce.
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. The consolidation of permits for Bell Mountain represents a key step in reducing project risk and positioning the asset for financing and development. For leaders in the mining and technology sectors, this news highlights the importance of permit consolidation in de-risking advanced-stage projects and attracting investment.
The forward-looking statements in this release include plans for the Bell Mountain Project, potential financing, and future development activities. These statements are based on assumptions management believes reasonable but are subject to risks including financing availability, market conditions, permitting risks, and operational risks inherent in mineral exploration and development. There is no assurance that financing will be obtained or that the project will be developed on the timeline contemplated.
