Blue Lagoon Resources Inc. is pleased to announce that it is working diligently towards advancing its newly optioned property - the Gordon Lake Gold Project located 110 km north of Yellowknife, Northwest Territories , Canada. The Company is getting ready to begin its Phase One program and has signed a General Services Agreement with Aurora Geosciences of Yellowknife, NWT. "With over 30 years of experience in the region [...]
Blue Lagoon Resources Inc. is pleased to announce that further to its news release dated November 26, 2019, the Company and Mag One Products Inc. and its wholly owned subsidiary, Mag One Operations Inc. have signed a definitive earn-in and operating agreement dated January 6, 2020. Pursuant to the Agreement, the Company may acquire up to a 70% equity interest in Mag One by purchasing up to $5.25 million of shares of Mag [...]
Blue Lagoon Resources Inc. announces a proposed non-brokered private placement of up to 666,667 common shares of the Company at a price of $1.50 per share for gross proceeds of up to $1,000,000 . The Offering is subject to acceptance by the Canadian Securities Exchange. For further information, please contact: Rana Vig President and Chief Executive Officer Telephone: 604-218-4766 Email: ranavig@gmail.com The CSE has not [...]
Blue Lagoon Resources Inc. is pleased announce that it has completed the first NI 43-101 Technical Report on its Pellaire gold project. The technical Report was prepared by Richard Goodwin, P. Eng., of JDS Energy and Mining, one of the most respected and trusted organizations in the mining industry. Additional support in the preparation of the report was provided by Alicia Carpenter, P.Eng. A copy of the Report can be [...]
Blue Lagoon Resources Inc. is pleased to announce results from its Summer work program at the Golden Wonder Property . The summer work program was undertaken to refine and expand upon the location of the known gold +/- copper, cobalt bearing trend identified during 2017 and 2018 exploration. The approximately 500 m long anomalous trend of rock and soil samples showed 22 of 85 samples to contain greater than 0.5 gram per [...]
Blue Lagoon Resources Inc. is pleased to announce that the Company has signed a letter of intent dated November 25, 2019 with Mag One Products Inc. and its wholly owned subsidiary, Mag One Operations Inc. , pursuant to which the Company may acquire up to a 70% equity joint venture ownership interest in Mag One by purchasing up to $5.25 million of shares of Mag One . Mag One, a private company existing under the laws of [...]
Blue Lagoon Resources Inc. is pleased to announce that it has completed a non-brokered private placement of 100,000 flow-through common shares at a price of $1.00 per share for gross proceeds of $100,000. "This additional $100,000 financing nicely tops up our previous two tranches, bringing the total raised to $1.1 Million at $1 per share. This allows us to set aside $550,000 of flow-through funds specifically allocated [...]
Blue Lagoon Resources Inc. is pleased to announce that it has engaged Clarkham Capital Ltd. to assist in building awareness and to provide communications support for the Company to the more than 100 Million plus European investing audience. Over the coming months, Clarkham Capital will translate and disseminate the Company's news as well as assist in developing and implementing a social media strategy. For the duration of [...]
Blue Lagoon Resources Inc. is pleased to announce that it has completed the third and final tranche of its non-brokered private placement described in its news release dated September 16, 2019. In connection with the third tranche closing, the Company issued flow-through common shares at a price of $1.00 per share for gross proceeds of $450,000. The Company intends to use the funds to conduct mineral exploration work to [...]
Blue Lagoon Resources Inc. is pleased to provide a corporate update on its Golden Wonder and Pellaire properties, plus financing activities. Financing Update On September 16, 2019 the Company announced an offering of up to 1 million shares at a price of $1 per share for gross proceeds of up to $1 million. The offering remains ongoing, however to date the Company has completed the sale of 550,000 shares for gross proceeds [...]
Blue Lagoon Resources Inc. is pleased to announce that it has completed the second tranche of its non-brokered private placement described in its news release dated September 16, 2019. In connection with the second tranche closing, the Company issued 250,000 common shares at a price of $1.00 per share for gross proceeds of $250,000. The Company intends to use the funds to conduct mineral exploration work to advance its [...]
Blue Lagoon Resources Inc. is pleased to announce the results from Soil sampling during a Phase One program completed on its Pellaire project west of Upper Taseko Lake, British Columbia. The Phase One Program began June 12 and extended to July 3, 2019. During the program, 184 soils samples were collected in the John Henry prospect which is located on the north end of the Pellaire claims. In 2007 Zelon Chemicals contracted [...]
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