Lincoln Gold Mining Inc. (ZMG)
XFRA 
Summary
Lincoln Gold Acquires the Bell Mountain Gold-Silver Project
VANCOUVER, BC / ACCESSWIRE / January 6, 2025 / Lincoln Gold Mining Inc. (TSX.V:LMG) ("Lincoln Gold" or the "Company") is pleased to announce that is has closed the previously announced acquisition (the "Acquisition") of all of the assets that comprise the Bell Mountain Gold/Silver Project (the "Project" or "Bell Mountain") pursuant to an agreement (the "Agreement") dated November 3, 2023, as amended on January 8, 2024, March 15, 2024, May 31, 2024, August 15, 2024, November 15, 2024 and December 29, 2024, 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. Upon completing the Acquisition, Lincoln holds a 100% interest in the Project, located in Churchill County, Nevada.
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Lincoln Gold Mining Inc. Profile
| Metals & Mining Industry | Materials Sector | Ian S. Rogers CEO | XFRA Exchange | CA53359R2054 ISIN |
| CA Country | - Employees | - Last Dividend | 24 Sep 2019 Last Split | - IPO Date |
Overview
Lincoln Gold Mining Inc., a company focused on the exploration and development of precious metals, primarily operates within the United States and Canada. Historically identified as Lincoln Mining Corporation, the enterprise rebranded to its current name in September 2019. With its headquarters in Vancouver, Canada, Lincoln Gold Mining Inc. is committed to uncovering significant gold, copper, nickel, and cobalt deposits. Through a strategic approach to exploration, the company has secured interests in high-potential locations including the Pine Grove gold property in Nevada and the Oro Cruz gold property in California, United States, alongside an option to fully acquire the Shawinigan property in Canada. This dynamic exploration portfolio represents the company’s core strategy to generate value through the discovery and development of precious metal resources.
Products and Services
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Exploration and Development of Precious Metals
Lincoln Gold Mining Inc. is primarily engaged in the exploration and development of precious metals, with a keen focus on identifying and capitalizing on gold, copper, nickel, and cobalt deposits. Taking advantage of cutting-edge exploration technologies and methodologies, the company aims to contribute significantly to the precious metals market through the discovery of valuable resources.
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Pine Grove Gold Property
This significant asset consists of mining leases on the Wilson and Wheeler mines along with 243 unpatented claims located in the Pine Grove Hills, Lyon County, Nevada. This property exemplifies Lincoln Gold Mining’s investment in gold exploration and its potential for development into a productive mining operation.
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Oro Cruz Gold Property
With 151 lode claims that cover approximately 3,000 acres, the Oro Cruz gold property situated in Imperial County, California, represents another cornerstone of the company’s exploration efforts. This property underscores Lincoln Gold Mining’s commitment to extending its reach and impact within the gold exploration industry.
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Shawinigan Property
Located northeast of Montreal, Canada, the Shawinigan property embodies Lincoln Gold Mining’s geographic and material diversification strategy. It consists of 82 contiguous mineral claims encompassing an area of 48.4 square kilometers. Through an option, Lincoln Gold Mining Inc. maintains the potential to acquire a 100% interest in this property, thereby solidifying its presence in the Canadian precious metals exploration sector.
