Lincoln Gold Mining Inc. (TSXV:LMG) announced today 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 its wholly owned subsidiary, Lincoln Resource Group Corp. This move completes the consolidation of core mineral tenure and principal operational permits under the Company’s subsidiary structure, following the transfer of mineral claims and the Water Pollution Control Permit earlier. The Bell Mountain project was acquired from Eros Resources Corp. in January 2025.
The consolidation of the BLM Plan of Operations is a significant step in advancing the project’s permitting and operational control. Bell Mountain is an advanced-stage gold-silver project with a historical NI 43-101 Preliminary Economic Assessment (PEA) that outlined a conceptual heap leach development scenario. With the permits now in place, Lincoln is positioned to continue technical evaluation, engineering, and development planning activities. The company is also actively engaging with potential financing partners to fund the next phase of project advancement.
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 Bell Mountain Project is part of Lincoln’s portfolio, which also includes the Pine Grove Gold Project, both located in Nevada’s Walker Lane mineral belt. This region is known for its established mining infrastructure and skilled workforce. Bell Mountain is the nearer-term development focus, while Pine Grove offers longer-term scale potential. The company aims to advance toward mid-tier gold producer status through staged development and capital formation.
Completion of the BLM Plan of Operations transfer strengthens the project’s execution framework. The company is 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 acquisition of Bell Mountain from Eros Resources Corp. involved consideration of common shares and a net profits interest royalty, as previously disclosed.
This development is important because it removes a key permitting hurdle and consolidates operational control, enabling Lincoln to focus on technical de-risking and financing for the Bell Mountain project. With the principal permits now in place, the company is better positioned to advance toward potential production, subject to financing. The news underscores Lincoln’s commitment to advancing its Nevada-based gold-silver assets in a favorable mining jurisdiction.
