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 following the company's acquisition of the project in January 2025.
The transfer of the BLM Plan of Operations completes the consolidation of core mineral tenure and principal operational permits, following earlier transfers of mineral claims and the Water Pollution Control Permit. With these permits now under Lincoln's subsidiary, the company is positioned to advance technical evaluation, engineering, and development planning activities at Bell Mountain.
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 benefits from established permitting and infrastructure in Nevada's Walker Lane mineral belt, a region hosting multiple producing mines and advanced development projects.
Ian Rogers, Chairman and CEO of Lincoln Gold Mining, 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 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, with consideration including common shares 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. 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 approximately 61 air miles apart within Nevada's Walker Lane mineral belt.
The completion of the BLM Plan of Operations transfer strengthens Bell Mountain's execution framework and positions Lincoln to advance toward its objective of progressing toward mid-tier gold producer status. Further information is available in the company's filings on SEDAR+.
