Lincoln Gold Mining Inc. (TSXV: LMG | OTC: LNCLF | FRA: ZMG) has announced that its Nevada subsidiary, Lincoln Resource Group Corp., has applied to the U.S. Bureau of Land Management to transfer an existing right-of-way associated with the Bell Mountain Gold-Silver Project's water well road. The ROW, grant number NVN51551, is currently held by Bell Mountain Exploration Corp., which has consented to the assignment. The move is part of Lincoln's broader effort to consolidate infrastructure control at its 100%-owned Nevada project ahead of future development milestones.

Key Points

  • Lincoln Gold Mining Inc. (TSXV: LMG | OTC: LNCLF | FRA: ZMG)
  • Nevada subsidiary applying to transfer existing water well road right-of-way (NVN51551) from Bell Mountain Exploration Corp. to Lincoln Resource Group Corp.
  • Transfer remains subject to BLM approval and will not take effect until approval is received
  • Investors may be watching for BLM's decision and subsequent infrastructure and regulatory milestones at Bell Mountain

Right-of-Way Transfer Consolidates Bell Mountain Water Infrastructure Control

The existing ROW provides established access tied to Bell Mountain's water well infrastructure. Lincoln has agreed to assume the current terms and conditions of the grant upon transfer. The company states that bringing this ROW under the direct control of its Nevada subsidiary is part of a structured effort to consolidate project infrastructure, a step the release describes as a practical requirement for advancing the project toward development. The assignment remains contingent on BLM approval and carries no guarantee of success, as Lincoln's forward-looking disclosures make clear.

Application Follows September Engineering Announcement at Bell Mountain

The ROW application follows Lincoln's September 1, 2026 announcement, which outlined the next phase of Bell Mountain engineering, including well testing and preliminary waterline design. Chairman and CEO Ian Rogers stated in the release: "We are now moving from planning into execution on Bell Mountain. This right-of-way is one of the practical infrastructure components required to advance the project, and bringing it under Lincoln's direct control is another step in building the foundation for future development." The sequence of announcements indicates Lincoln is working through a defined series of technical and regulatory steps.

Bell Mountain's Four Deposits and Heap-Leach Development Framework

Bell Mountain is Lincoln's 100%-owned advanced-stage gold-silver project located in Nevada's Walker Lane. The project encompasses four defined deposits — Spurr, Varga, Sphinx, and East Ridge — and is underpinned by substantial historical drilling, an established technical foundation, and an existing open-pit, heap-leach development plan. The company also notes additional exploration potential across the broader property. Lincoln states it expects to continue advancing Bell Mountain through a series of technical, infrastructure, and regulatory milestones as it progresses toward development.