Lincoln Gold Completes Transfer of BLM Plan of Operations for Bell Mountain Project, Consolidating Permitting and Operational Control in Nevada
Lincoln Gold Mining Inc. has consolidated all key permits and mineral tenure for its Bell Mountain gold-silver project in Nevada under its subsidiary, positioning it to advance development and financing discussions.
Lincoln Gold Mining Inc. (TSXV:LMG) announced that the Bureau of Land Management (BLM) Plan of Operations for the Bell Mountain Gold-Silver Project in Churchill County, Nevada, has been formally transferred to its wholly owned subsidiary, Lincoln Resource Group Corp. This transfer completes the consolidation of core operational permits and mineral tenure for the project, following the acquisition of the mineral claims and Water Pollution Control Permit earlier.
The consolidation of the BLM Plan of Operations is a critical step in advancing the project toward development. The Bell Mountain project is an advanced-stage gold-silver deposit with a Preliminary Economic Assessment (PEA) that outlines a conceptual heap leach development scenario. By having all principal permits under one subsidiary, Lincoln Gold is better positioned to execute technical evaluations, engineering work, and development planning.
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 to fund the next phase of development. Subject to securing financing and customary approvals, Lincoln intends to continue advancing engineering and development planning activities for Bell Mountain. The project was acquired from Eros Resources Corp. and its wholly owned subsidiary Bell Mountain Exploration Corp. in a transaction that included common shares and a net profits interest royalty.
The Bell Mountain project is part of Lincoln’s broader portfolio, which also includes the Pine Grove Gold Project, located about 61 air miles away in Nevada’s Walker Lane mineral belt. This region is a well-established mining jurisdiction with multiple producing mines and advanced development projects, supported by infrastructure and a skilled workforce. Lincoln’s strategy is to advance both projects along a staged pathway, with Bell Mountain as the nearer-term development focus and Pine Grove offering longer-term scale potential.
The completion of the BLM Plan of Operations transfer reduces permitting risk and strengthens Lincoln’s control over the project. This development is important for the company as it seeks to progress toward mid-tier gold producer status through technical de-risking and capital formation. Investors and stakeholders can view the original press release on NewMediaWire.