Blue Lagoon Resources Inc. is pleased to announce that the Company has closed a second tranche of its non-brokered financing for proceeds of $1,514,500. A third strategic investment by Crescat Capital LLC provided for nearly 50% of this financing. In addition, Crescat continues to maintain its previously secured participation rights that provide for an option to participate in all future financings. "We are very pleased [...]
Provides First Quarter Recap Blue Lagoon Resources Inc. is pleased to provide shareholders its first update and recap of the first quarter of 2022. The Company's numerous accomplishments in the first quarter included the following. On March 22, 2022, the Company announced the closing of a flow through financing of $5,746,983.84, thereby boosting its treasury to nearly $9 million. In addition, the Company has over $4 [...]
Blue Lagoon Resources Inc. is pleased to announce that the Company has closed a non-brokered flow through financing for proceeds of $5,746,983.84. The strategic investment by Crescat Capital LLC provided for more than 18% of the total financing. In addition, Crescat continues to maintain its previously secured participation rights that provide for an option to participate in all future financings. "It's very reassuring to [...]
Blue Lagoon Resources Inc. is pleased to announce that recent assay results from the 2021 Phase Two drill program include new high-grade gold vein intercepts at the Company's 100% owned, year-round accessible, Dome Mountain Gold Project located a short 50-minute drive from Smithers, B.C. Results from Holes DM-21-188, DM-21-188A and DM-21-200 continue to show that the Chance Structural Zone contains multiple high grade [...]
Blue Lagoon Resources Inc. is pleased to report that the Company's toll milling partner, Nicola Mining , is now ready to send the fourth shipment of concentrate made from the mineralized material from the Dome Mountain underground mine. The shipment of 103 dry tonnes of gold and silver concentrate grading approximately 90 g/t Au and 477 g/t Ag will be sent to Ocean Partners UK Limited, a leading European based commodities [...]
Blue Lagoon Resources Inc. is pleased to announce that recent drilling has encountered new, high-grade vein intercepts at the Company's 100% owned, year-round accessible, Dome Mountain Gold Project located a short 50-minute drive from Smithers, B.C. Hole DM-21-224 was drilled from the most southern pad in the newly discovered Chance Structural Corridor and drilled at an Azimuth of 167 Degrees. The target here was the [...]
Limited New Drilling Leads To 145% Increase of Gold in Indicated Category Blue Lagoon Resources Inc. is pleased to announce that it has filed a technical report on the Company's Dome Mountain Gold Project entitled "Mineral Resource Estimate for the Dome Mountain Gold Project, Smithers, British Columbia, Canada" . The Technical Report was prepared pursuant to the form required under National Instrument 43-101 by Arseneau [...]
Blue Lagoon Resources Inc. is pleased to announce that it has mobilized a second crew to support the recently announced 20,000-meter drill program on its Dome Mountain Gold Project, an all-year accessible property located a short 50-minute drive from Smithers BC. The second drill rig will initially focus on the Boulder Vein where holes will be drilled from two pads and directed to drill at high angle into the known [...]
Blue Lagoon Resources Inc. is pleased to announce that it has mobilized its crew and its first drill rig to commence its 2022 drill program, which is expected to be a minimum of 20,000 meters of diamond drilling on its all year-round, road accessible Dome Mountain Gold Project, located a short 50 minute drive from Smithers, British Columbia. In addition to diamond drilling, the first phase of the 2022 drill program, which [...]
Blue Lagoon Resources Inc. is pleased to announce the results from its 2021 soil sampling program completed on its Dome Mountain Gold Project - an all-year-round accessible property located a short 50-minute drive from Smithers, BC. The Company's 2021 soil sampling program has resulted in identification of strong anomalous gold, zinc, and copper-in-soils zones in a number of new zones which warrant follow-up during the [...]
Blue Lagoon Resources Inc. is pleased to announce new high-grade gold results from its on-going diamond drilling program at its 100% controlled Dome Mountain Gold Project, an all-year-round accessible property located a short 50-minute drive from Smither B.C. To date, the Company has completed 20,627 meters of diamond drilling since the commencement of the 2021 drilling program announced on January 11, 2021 . Phase One [...]
Blue Lagoon Resources Inc. is pleased to announce that recent drilling has encountered multiple high-grade vein intercepts at the Company's 100% controlled, year-round accessible Dome Mountain Gold Project located a short 50-minute drive from Smithers, B.C. To date, 5940.5 m have been completed in eighteen diamond drill holes, approximately half of the Company's planned 12,000 m Phase Two 2021 drill program . Assays [...]
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