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 into the company’s wholly owned subsidiary, Lincoln Resource Group Corp. This move consolidates operational control and permitting interests for the project following the acquisition completed in January 2025.
The mineral claims and Water Pollution Control Permit were previously transferred, and with the completion of the BLM Plan of Operations transfer, the core mineral tenure and principal operational permits for Bell Mountain are now consolidated within Lincoln’s subsidiary structure. This streamlining is expected to strengthen the project’s execution framework as the company advances technical evaluation, engineering, and development planning activities.
Bell Mountain is an advanced-stage gold-silver project supported by a previously filed NI 43-101 Preliminary Economic Assessment (PEA) that outlines a conceptual heap leach development scenario. The project is located within Nevada’s Walker Lane mineral belt, a well-established mining jurisdiction with multiple producing mines and advanced development projects. The region benefits from established infrastructure and a long history of precious metals production.
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 regarding funding options for Bell Mountain. Subject to securing financing and customary approvals, Lincoln intends to continue advancing engineering and development planning activities. The company’s portfolio also includes the Pine Grove Gold Project, also located in Nevada, which is currently in the permitting and development evaluation stage. Both projects are approximately 61 air miles apart within the Walker Lane mineral belt.
Lincoln Gold Mining Inc. is a Canadian precious metals exploration and development company focused on advancing its portfolio through staged development, technical de-risking, and capital formation initiatives. The company’s objective is 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.
Forward-looking statements in the announcement note that the transfer strengthens the project’s execution framework but caution that there can be no assurance that financing will be obtained or that the project will be developed on the timeline currently contemplated. The company undertakes no obligation to update forward-looking statements except as required by applicable securities laws.
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