Blue Lagoon Res Stock Price, News & Analysis

Blue Lagoon Resources (OTCQB: BLAGF) is set to ship its fourth shipment of concentrate from the Dome Mountain underground mine, comprising 103 dry tonnes of gold and silver concentrate with grades of approximately 90 g/t Au and 477 g/t Ag. This shipment, valued at over $500,000, follows three previous shipments totalling 223 dry metric tonnes valued at more than CDN $1 million. The company has no debt and is progressing with a 20,000-meter drilling program targeting newly identified zones. A decision on resuming production will await further permit approvals.

Blue Lagoon Resources Inc. (OTCQB: BLAGF) reported significant drilling results at its Dome Mountain Gold Project. Hole DM-21-224 revealed high-grade vein intercepts, including 14.8 g/t Au and 38.3 g/t Ag over 7.3m, and 26.9 g/t Au with over 100 g/t Ag over 1.04m. The drilling targets the Chance Structural Corridor, expected to yield further mineralization. Assay results for 28 holes remain pending, and further drilling is anticipated to explore this high-grade intercept. William Cronk, Chief Geologist, noted the systematic exploration approach and potential for additional high-grade finds.

Blue Lagoon Resources Inc. announced a significant update on its Dome Mountain Gold Project, revealing a 145% increase in indicated gold resources. The new technical report estimates an addition of 102,582 gold ounces, resulting in a total of 173,000 ounces. The report demonstrates a 30% increase in contained gold and a 46% increase in silver ounces. The upgrade to measured resources also marks a milestone with 45,000 ounces now classified as measured. This update positions the company for potential future exploration success.

Blue Lagoon Resources (CSE:BLLG)(FSE:7BL)(OTCQB:BLAGF) has mobilized a second drill crew for its 20,000-meter drill program at the Dome Mountain Gold Project in British Columbia. This crew will concentrate on the Boulder Vein, targeting mineralization below 1,000 meters. Previous drilling in 2020 revealed significant gold and silver grades, suggesting expansion potential. The initial phase of drilling is expected to continue until mid-March 2022, with plans to resume once conditions improve. The project shows geological similarities to the Buritica gold deposit in Colombia, indicating further exploration promise.

Blue Lagoon Resources (OTCQB: BLAGF) has initiated its 2022 drill program at the Dome Mountain Gold Project in British Columbia, mobilizing crews and drill rigs for a minimum of 20,000 meters of diamond drilling. Phase One will encompass approximately 10,000 meters focused on ground-based geophysics and follow-up soil sampling. Drilling aims to further explore previously identified mineralized zones and anomalous targets. Delays in lab assay results are noted, with turnaround exceeding 10 weeks.

Blue Lagoon Resources Inc. (CSE:BLLG) (OTCQB:BLAGF) announced promising results from its 2021 soil sampling program at the Dome Mountain Gold Project. The program identified significant gold, zinc, and copper anomalies across new zones, leading to a prioritization for further exploration in 2022. A total of 3,167 soil samples were collected in 2021, with a focus on the area northwest of Freegold. The company plans a minimum of 2,500 additional samples in early summer to advance drilling targets. Notably, high zinc values correlated with gold provide confidence in the mineralized system.

Blue Lagoon Resources has reported high-grade gold results from its ongoing diamond drilling program at the Dome Mountain Gold Project in British Columbia. The company has drilled 20,627 meters since January 2021, with significant results from holes DM-21-177, DM-21-178, and DM-21-186, displaying multiple intercepts over 20 g/t Au equivalent. Notably, the Chance Structural Zone shows promise with high-grade veins. Additionally, Blue Lagoon announced a property option agreement on the Big Onion Property. Assay results for over 30 holes are pending due to slow lab turnaround.

Blue Lagoon Resources announced promising drilling results at its Dome Mountain Gold Project, located near Smithers, B.C. The company has completed 5,940.5 meters of drilling in 18 holes, part of a 12,000-meter program. Initial assay results include significant gold grades, with highlights like 47.09 g/t Au eq over 0.65 m in hole DM-21-177. The mineralization shows depth persistence, indicating potential for further exploration. The new style of mineralization at Chance Creek could enhance the exploration program, while further ground geophysics will refine future drilling targets.

Blue Lagoon Resources (OTCQB: BLAGF) announced a successful second shipment of concentrate from their Dome Mountain mine, totaling 96.7 dry tonnes of gold and silver concentrate. This shipment is valued at approximately CDN $823,000, adding to the previous 40 tonnes shipped. The company has delivered over 4,000 tonnes of mineralized material to its toll milling partner, Nicola Mining, with a healthy treasury of nearly $9 million and no debt, positioning it well for future exploration activities.