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 milestone follows the company’s acquisition of the project in January 2025 and consolidates core mineral tenure and operational permits within Lincoln’s corporate structure.
The transfer completes the consolidation of the project’s principal permits, including the mineral claims and Water Pollution Control Permit, which were previously transferred. With the BLM Plan of Operations now under Lincoln’s control, the company has strengthened its operational framework for advancing the project. Bell Mountain is an advanced-stage gold-silver project supported by a prior 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. 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. under a definitive agreement dated November 3, 2023, as amended. Consideration included common shares and a net profits interest (NPI) royalty.
Lincoln Gold Mining Inc. is a Canadian precious metals exploration and development company. Its portfolio includes the Bell Mountain Gold-Silver Project and the Pine Grove Gold Project, both located in Nevada. Bell Mountain is an advanced-stage project with permitting in place, being advanced toward development and potential production. 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 established infrastructure and experienced workforce.
The consolidation of permits and operational control at Bell Mountain marks a key step in Lincoln’s strategy to advance its portfolio through staged development, technical de-risking, and capital formation. The company aims to progress toward mid-tier gold producer status, with Bell Mountain representing the nearer-term development focus and Pine Grove providing longer-term scale potential.
