Blue Lagoon Res Stock Price, News & Analysis

Blue Lagoon Resources Inc. announced results from its 2022 soil sampling program at the Dome Mountain Gold Project. The program identified priority target areas for follow-up in 2023, collecting 2,175 soil samples in new locations and infilling previous campaigns. Notably, elements like antimony, zinc, lead, and silver were associated with high gold values. The findings suggest cadmium may serve as a better pathfinder for drill hole targeting. Quality assurance measures were implemented throughout the sampling process, and follow-up targets have been generated for the upcoming field season.

Blue Lagoon Resources Inc. (OTCQB: BLAGF) announced promising drill results from its Dome Mountain Gold Project, highlighting intercepts of 126 g/t gold and 404 g/t silver over 0.41 meters in hole DM-22-247. The Phase Two 2022 drill program identified a potential new high-grade vein structure, further extending existing mineralized zones. A second drill has been added, and ongoing soil sampling, with 2,453 samples collected, will enhance resource definition. Results for 53% of the samples are pending, expected by mid-October.

Blue Lagoon Resources Inc. has announced promising drill results from its Dome Mountain Gold Project, revealing significant mineralized intercepts. Highlights include 124 g/t Au and 36.7 g/t Ag over 0.76 meters from the Argillite Vein and 31.67 g/t Au and 473 g/t Ag over 1.09 meters from the Boulder Vein. The Boulder Vein's length increased by over 200 meters, suggesting robust mineralization at depth. New drilling also revealed high-grade mineralization in the historic 9800 Zone with 14.2 g/t Au and 92.9 g/t Ag. These results enhance the project’s potential as a gold development target.

Blue Lagoon Resources Inc. has commenced its Phase Two 2022 drill program at the Dome Mountain Gold Project, aiming for at least 13,000 meters of diamond drilling. This phase follows a 20,000-meter program initiated in January 2022. The drilling will focus on the Chance Structural Zone, targeting high-grade gold and silver veins. In addition, 2,200 soil samples will be collected, and an IP program is set to identify deep conductors for further exploration. The company sees potential for outlining multiple resources at Dome Mountain.

Blue Lagoon Resources Inc. (CSE:BLLG)(FSE:7BL)(OTCQB:BLAGF) announced encouraging results from its 2022 Phase One drill program at the Dome Mountain Gold Project. The latest drill hole, DM-22-232, intercepted high-grade gold and silver mineralization of 11.78 g/t Au and 39.9 g/t Ag over 7.70m. This confirmation follows a previously reported intercept of 14.8 g/t Au and 38.3 g/t Ag over 7.3 meters from an earlier drill hole. Future follow-up drilling is planned to further explore these promising veins. The mineralization is associated with carbonate alteration in quartz-carbonate veins.

Blue Lagoon Resources Inc. (OTCQB: BLAGF) announced significant high-grade gold intercepts from its Dome Mountain Gold Project in British Columbia. Notable results include 33.08 g/t Au over 1.40 meters and 22.12 g/t Au over 2.14 meters from recent drilling. The Chance Zone continues to demonstrate high prospectivity, encouraging further exploration. The company emphasizes the importance of these findings for future drilling initiatives.

Blue Lagoon Resources has successfully closed a second tranche of its non-brokered financing, raising $1,514,500. The financing was significantly supported by Crescat Capital LLC, which contributed nearly 50% of the total. Following this round, Blue Lagoon's treasury exceeds $9 million with no debt. The private placement comprised 2,753,636 units priced at $0.55 each, with warrants exercisable at $0.78 until April 2024. These funds will be allocated for exploration activities and general working capital.

Blue Lagoon Resources Inc. (OTCQB: BLAGF) provided a first quarter recap for 2022, highlighting a successful financing of $5.7 million that raised its treasury to nearly $9 million with no debt. The Company also reported new high-grade mineral discoveries at the Dome Mountain gold project, increasing indicated resources by 145% and shipping its largest concentrate shipment valued at over $700,000. A new 20,000-meter drill program is underway, with more assays pending. The Company is progressing with mine permit amendments, enhancing operational prospects.

Blue Lagoon Resources (CSE:BLLG)(OTCQB:BLAGF) has successfully closed a non-brokered flow-through financing, raising $5.75 million. Crescat Capital LLC contributed over 18% of the total investment. The funds will support exploration activities at the Dome Mountain project, which has substantial potential for resource expansion. The financing included issuance of 7.37 million units priced at $0.78 each. Blue Lagoon maintains a strong treasury with $4 million in-the-money warrants and no debt, positioning the company well for its ambitious exploration plans in 2022.