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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 has announced promising results from its 2021 drill program at the Dome Mountain Gold Project. Highlights include high gold and silver grades, such as 36.7 g/t Au and 580 g/t Ag over 0.98 meters from hole DM-21-164. A total of 7,176.5 meters were drilled across 31 holes, confirming the Boulder Vein's high-grade nature. The first phase is complete, with plans to resume drilling after snow melt. Historical mineralization data suggests further exploration potential, especially at the Forks Structure located south of the Boulder Vein.
Blue Lagoon Resources Inc. (CSE:BLLG)(OTCQB:BLAGF) has announced positive drilling results from its Dome Mountain Gold Project. The drilling program, consisting of 20,000 meters, has successfully completed 7,176.5 meters so far. Notable results include a significant intercept of 11.7 meters at the Forks Structure and excellent grades from the Boulder vein, such as 24.07 g/t Au over 3.0 meters. The company plans further drilling to explore resource potential, enhancing its prospects for gold production.
Blue Lagoon Resources Inc. (CSE: BLLG; FSE: 7BL; OTCQB: BLAGF) announced a drilling update for its Dome Mountain Gold Project, highlighting progress in a 20,000-meter drilling program. Chief Geologist William Cronk reported promising results from drill hole DM-21-160, showcasing mineralization with 24.07 g/t Au and 127.92 g/t Ag over 3 meters. The project, which holds permits for 75,000 tonnes of annual production, aims to expand mineralization along the Boulder Vein's eastern extension.
Blue Lagoon Resources Inc. has announced the completion of its water treatment plant, a crucial step toward resuming mining at its Dome Mountain Gold Project. Located near Smithers, BC, the project holds permits for annual production of up to 75,000 tonnes and has 15 known high-grade gold veins. The plant's operation is critical for fulfilling environmental permitting requirements. The company has completed various essential tasks including underground bolting and emergency egress installation. Additionally, it has sold the Golden Wonder property to Gama Explorations for shares and cash, allowing it to focus on more advanced projects.
Blue Lagoon Resources Inc. (OTCQB: BLAGF) announced promising results from its soil sampling program at the Dome Mountain Gold Project, revealing significant gold anomalies and multi-element associations. The 2020 program identified multiple gold zones, prompting a follow-up exploration with at least 4,000 additional samples planned for 2021. The high-grade rock samples, including values of 90.6 g/t Au and 129 g/t Ag, from the Freegold vein further support the site's potential. The company is prioritizing this area for upcoming drilling, aiming to enhance mineral exploration effectively.
Blue Lagoon Resources (OTCQB:BLAGF) announced that President & CEO Rana Vig increased his holdings by 1 million shares, totaling 3,264,268 shares, or approximately 4.5% of the company's outstanding shares. With over $5 million in treasury and no debt, the company is working on three key mining permit amendments, one of which is completed. The Dome Mountain Gold Project has 15 high-grade gold veins, with 90% of its area unexplored. The company also expanded its land package to 18,934.55 hectares and is conducting a 20,000-meter drill program.
Blue Lagoon Resources Inc. (CSE:BLLG)(FSE:7BL)(OTCQB:BLAGF) has announced a fully subscribed private placement offering of 2,202,000 flow-through units at $1.00 each and 148,352 common shares at $0.91, totaling $2,337,000 in gross proceeds. The offering closes on November 23, 2020. Proceeds will support exploration at the Dome Mountain gold project and general working capital. A 6% finder's fee will be paid, along with warrants. The company's upward financing indicates investor confidence and potential growth for shareholders.
Blue Lagoon Resources Inc. (OTCQB: BLAGF) announced significant results from its Dome Mountain Gold Project in British Columbia, following a 3,700-meter drilling program. Notable assay results include hole DM-20-132, which returned 25.92 g/t Au and 169.46 g/t Ag over 4.52 meters. Another hole, DM-20-131, yielded 45.5 g/t Au over 0.65 meters. The company is advancing construction of an Ore Storage building capable of handling 200 tonnes of mineralized material daily. Phase two drilling is expected to commence in early January 2021.
Blue Lagoon Resources has announced an update on its Dome Mountain Gold Project, which holds significant mining permits allowing for annual production of up to 75,000 tonnes. The company's drilling program, part of a 3,700-meter work initiative, aims to upgrade inferred mineral resources. Highlights include strong assay results from DM-20-116, with 34.5 g/t Au and 54 g/t Ag, and from DM-20-126 with 41.86 g/t Au and 250.72 g/t Ag. Ongoing soil sampling and infrastructure improvements are also noted. The company is assessing future production decisions, which remain contingent on feasibility studies.
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