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Lincoln Announces Acquisition of Bell Mountain Gold Project, Nevada
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANC...
About this update from Lincoln Gold Mining Inc
[{"type":"text","content":"Lincoln Announces Acquisition of Bell Mountain Gold Project, NevadaNOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATESVANCOUVER, BC / ACCESSWIRE / November 9, 2023 / Lincoln Gold Mining Inc. (\"Lincoln\" or the \"Company\") (TSXV:LMG) reports that it has entered into an agreement with Lincoln Resource Group Corp., a wholly-owned subsidiary of the Company, Eros Resources Corp. (\"Eros\") and Bell Mountain Exploration Corp. (\"BMEC\" and together with Eros, the \"Seller\"), a wholly-owned subsidiary of Eros, to acquire all of the assets that comprise the Bell Mountain project (the \"Project\" or \"Bell Mountain\") located in Churchill County, Nevada (the \"Transaction\"). The closing of the Transaction remains subject to the satisfaction of customary closing conditions for a transaction of such nature, including acceptance by the TSX Venture Exchange (the \"Exchange\"). The Transaction will be an arm's length transaction under Exchange policies.Bell Mountain Project DescriptionThe Project is located in Churchill County, Nevada, approximately a three hour drive south-east from Reno. Bell Mountain has excellent access and is in a mining friendly county. Lincoln is very familiar with the Project as it was part of Lincoln's group of projects several years ago, until it was optioned and sold to Eros. The Project is made up of 174 unpatented lode claims and is under the jurisdictions of the Bureau of Land Management and the State of Nevada. Bell Mountain is 100% controlled by Eros and has a gold and silver resource. The Project has all major permits in place to advance it through construction and into operations.Bell Mountain is only a two hour drive from Lincoln's Pine Grove project, located in Lyon County, Nevada. The properties are close enough in distance so that one team of management, engineering, environmental, cultural, and administrative personnel could operate both properties and one recovery plant could handle both projects. Both projects are advanced-stage gold exploration projects with established resources and both projects have significant exploration potential. All these factors will help reduce overall capital and operating costs and will make for an exciting operating plan.For further details on Bell Mountain, please see the Company's news releases dated August 10, 2023 and October ...