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Blue Lagoon Resources Inc. develops the 100% owned Dome Mountain Gold Project near Smithers, British Columbia. The Canadian publicly listed mining company reports on the advancement of a high-grade gold project that has received a full mining permit in British Columbia, along with project-readiness work, exploration potential and investor outreach tied to the asset.
Recurring company news also covers capital actions, including private placements of common shares, units and warrants, as well as strategic participation by resource-sector investors and toll-milling relationships. Conference presentations and corporate updates typically frame Dome Mountain as the company’s central operating and financing focus.
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.
Blue Lagoon Resources Inc. (CSE:BLLG)(FSE:7BL)(OTCQB:BLAGF) announced promising assay results from its 2021 Phase Two drill program at the Dome Mountain Gold Project, revealing multiple high-grade gold veins within the Chance Structural Zone. Notably, Hole DM-21-200 intercepted 53.60 g/t Au and 55.46 g/t Ag over 0.55 meters, while Hole DM-21-188 showed 49.40 g/t Au and 56.90 g/t Ag over 0.32 meters. The company plans aggressive follow-up drilling in 2022 to further explore these significant findings.
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.