Business
A Review of Lincoln's Gold-Silver Exciting Progress in Nevada
(TheNewswire) Vancouver, BC, January 23, 2025 – TheNewswire - Linc...
About this update from Lincoln Gold Mining Inc
[{"type":"text","content":"A Review of Lincoln's Gold-Silver Exciting Progress in Nevada\n\n\n (TheNewswire)\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Vancouver, BC, January 23, 2025 –\n \n\n TheNewswire -\n \n\n Lincoln Gold Mining Inc. (TSX.V:\nLMG)\n \n (\"\n \n Lincoln\nGold\n \n \" or the \"\n \n Company\n \n \") announced on January 6, 2025, of the\ncompletion of its acquisition of the fully permitted for production\nBell Mountain Gold/Silver deposit. This major milestone provides\nLincoln the ability to become an imminent gold producer. Once\nfinancing is in place, it is estimated that the time for construction\nof the operation will be 8 to 10 months. The first gold and silver\nproduction will be about 4 to 5 months after that.\n \n\n The Company is proceeding with discussions with various financial\ninstitutions for the capital required to take Bell Mountain through\nconstruction and into startup. The intent of the Company is to raise\nthese funds mainly through debt instruments without any significant\ndilution of shares.\n \n\n The plan is to operate the Bell Mountain as a simple open pit/heap\nleach mining operation. Ore will be mined and crushed by contractors.\nThe crushed ore will be placed on pads for heap leaching. The gold and\nsilver will be recovered onto activated carbon and the metals will\nthen be stripped from the carbon.  The process is simple, and\nmetallurgical studies show excellent gold recoveries.\n \n\n The recently completed\n \n PEA (Preliminary\n \n Economic\nAssessment) commissioned by Welsh Hagen of Reno Nevada shows an\nexcellent potential robust cash flow. A gold price of $2,200/ounce and\na silver price of $24.00/ounce have been used in the base case\neconomic evaluation from a $1,950 gold price pit shell design,\n(updated capital and operating costs were used).\n \n\n\n The following table has been taken\nfrom the PEA:\n \n\n\n\n\n\n\n\n\n Pre-tax\n \n\n\n\n\n\n After Tax\n \n\n\n\n\n\n\n\n Internal Rate of Return (IRR)\n \n\n (1)\n \n\n\n\n\n\n 63.2%\n \n\n\n\n\n\n 59.6%\n \n\n\n\n\n\n\n\n NPV @ 5% Discount Rate (US$M)\n \n\n\n\n\n\n $25.69\n \n\n\n\n\n\n $24.06\n \n\n\n\n\n\n\n\n Net Cash Flow (US$M)\n \n\n\n\n\n\n $29.71\n \n\n\n\n\n\n $27.97\n \n\n\n\n\n\n\n\n Net Operating Margin (oz Au Eq)\n \n\n\n\n\n\n $535.97\n \n\n\n\n\n\n $504.52\n \n\n\n\n\n\n\n\n Payback Peri...