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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
