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 [...]
Blue Lagoon Resources Inc. is pleased to report that the Company's toll milling partner, Nicola Mining , has now sent a second shipment of concentrate made from the mineralized material from the Dome Mountain underground mine. The shipment, sent to Ocean Partners UK Limited, a leading European based commodities trading company with offices in six countries around the world, contained 96.7 dry tonnes of gold and silver [...]
Blue Lagoon Resources Inc. is pleased to report that the Company's toll milling partner, Nicola Mining , has started to ship concentrate made from the mineralized material from its Dome Mountain underground mine. To date 140 dry metric tonnes of gold and silver concentrate grading an estimated 90 g/t Au and 500 g/t Ag have been prepared by Nicola for shipping. All concentrate assays were completed at Base Met Labs, an [...]
Blue Lagoon Resources Inc. is pleased to announce it has entered into a Strategic Shareholder Agreement with Crescat Capital LLC, and its geologist, Dr. Quinton Hennigh. As announced on July 8, Crescat made a strategic investment of C$1.5 million in Blue Lagoon, also securing participation rights for future financings. Under the agreement, Dr. Hennigh will provide expertise regarding Blue Lagoon's exploration and [...]
Blue Lagoon Resources Inc. is pleased to announce that it has consolidated its ownership of the Dome Mountain gold project and now owns 100% of the project. The Dome Mountain project is held through the Company's subsidiary, Gavin Mines Inc. . Until recently the Company held 78.27% of the shares of Gavin Mines, with the remaining 21.73% being held by three arm's length parties. The Company successfully negotiated with [...]
48% OVER SUBSCRIPTION Blue Lagoon Resources Inc. is pleased to announce that further to its news release dated July 8, 2021, the Company has closed a non-brokered flow through and non-flow through financing for proceeds of $8,130,908.31. Crescat Capital LLC was the lead order and made a strategic investment of $1.5 Million, representing more than 18% of the total financing. In addition, Crescat requested and secured [...]
Blue Lagoon Resources Inc. is pleased to announce a non-brokered flow through and non-flow through financing. Crescat Capital LLC has agreed to be the lead order by making a strategic investment of $1.5 Million or more than 27% of the proposed $5.5 Million financing. In addition, Crescat requested and secured, participation rights that provide for an option to participate in future financings. "Crescat is taking an [...]
Blue Lagoon Resources Inc. is pleased to provide the following update on its Dome Mountain Gold / Silver Project, an all-year road accessible project located a short 50-minute drive from Smithers B.C., that holds both an Environmental Management Act Permit and a Mining Permit providing for up to 75,000 tonnes production annually. In addition, the property has 15 known high grade gold veins with 90% of the nearly 19,000 [...]
Blue Lagoon Resources Inc. is pleased to announce that it has added a second drill rig to the current drill program on its Dome Mountain Gold Project - a year-round accessible property located a short 50-minute drive from Smither B.C. On January 11, 2021, the Company announced the start of its 20,000-meter drill program of which 7,176.5 meters were completed by March 29, 2021. The start of the Company's Phase Two drill [...]
Blue Lagoon Resources Inc. is pleased to announce that crews have begun the 2021 soil sampling program on its Dome Mountain Gold Project - a year-round accessible property located a short 50-minute drive from Smither B.C. The Company's 2020 soil sampling program resulted in identifying strong anomalous gold in soils zones which will be the focus of immediate follow-up during this year's field program . During the 2020 [...]
Blue Lagoon Resources Inc. is pleased to announce that a crew has been mobilized to commence its Phase Two 2021 drill program on the Company's all year-round road accessible Dome Mountain Gold Project, located a short 50-minute drive from Smithers, BC. A continuation of the 20,000-meter drill program announced in January 2021, the Phase 2 program is expected to be a minimum of 12,500 meters of diamond drilling. The Phase [...]
+3200,00 %
-98,04 %
