Lincoln Gold Mining Inc. (TSXV:LMG) announced Monday that the Bureau of Land Management Plan of Operations for its Bell Mountain Gold-Silver Project in Nevada has been formally transferred into its wholly owned subsidiary, Lincoln Resource Group Corp. The move consolidates operational control and permitting interests following the company's acquisition of the project in January 2025.
With the mineral claims and Water Pollution Control Permit already transferred, the completion of the BLM Plan of Operations transfer means the core mineral tenure and principal operational permits for Bell Mountain are now held within Lincoln's subsidiary structure. This consolidation strengthens the project's execution framework as the company 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 outlining a conceptual heap leach development scenario. The project is located in Churchill County, Nevada, within the Walker Lane mineral belt, a region known for its established infrastructure and mining workforce.
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 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 in Nevada. Bell Mountain is the nearer-term development focus, while Pine Grove, a larger-scale project, is in the permitting and development evaluation stage. Together, these assets represent a complementary development portfolio along a staged advancement pathway, with the objective of progressing toward mid-tier gold producer status.
