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Lincoln Gold and Eros Resources Announce Signing of a Non-Binding LOI
Lincoln Gold and Eros Resources Announce Signing of a Non-Binding LOI Canada NewsWire ...
About this update from Trident Resources Corp.
[{"type":"text","content":"\n \n \n \n Lincoln Gold and Eros Resources Announce Signing of a Non-Binding LOI\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntal{\nTEXT-ALIGN: LEFT\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n.prntaj{\nTEXT-ALIGN: JUSTIFY\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n /NOT FOR DISTRIBUTION TO\n \n UNITED STATES\n \n NEWSWIRE SERVICES OR FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n Aug. 10, 2023\n \n \n /CNW/ -\n \n Eros Resources Corp. (\"Eros\")\n \n (TSXV: ERC)\n \n and Lincoln Gold Mining Inc. (\"Lincoln\")\n \n (TSXV: LMG) are pleased to announce that the companies have signed a non-binding Letter of Intent (\"\n \n LOI\n \n \") to begin negotiations for\n \n Lincoln\n \n to acquire the Bell Mountain project from Eros. As a result of the proposed transaction, Eros. will acquire shares in\n \n Lincoln\n \n .\n \n \n The leadership team at Eros is optimistic about the potential outcomes of this strategic move, believing that the transformation into a holding company and the collaboration with\n \n Lincoln\n \n will unlock new growth opportunities and further enhance the company's position in the mining sector.\n \n \n The Bell Mountain project is located in Churchill Country,\n \n Nevada\n \n approximately 3 hours drive from\n \n Reno\n \n . Bell Mountain has excellent access and is in a mining friendly County. Details of the purchase arrangement are being negotiated at present and should be finalized shortly.\n \n Lincoln\n \n is very familiar with the project as it was part of\n \n Lincoln's\n \n group of projects several years ago, until it was optioned and sold to Eros. The Bell Mountain project is made up of 174 unpatented lode claims and is under the jurisdictions of the Bureau of Land Management and the\n \n State of Nevada\n \n . The property is 100% controlled by Eros and has a gold and silver resource. The Bell Mountain project has all major permits in place to advance it through construction and into operations.\n \n \n \n Lincoln\n \n believes that the two projects, the Bell Mountain and ...