Welcome to our dedicated page for Blue Lagoon Res news (Ticker: BLAGF), a resource for investors and traders seeking the latest updates and insights on Blue Lagoon Res stock.
Blue Lagoon Resources Inc. (OTCQB: BLAGF) generates frequent news flow around the development of its 100% owned Dome Mountain Gold Project in British Columbia, Canada. As a Canadian-based publicly listed mining company, Blue Lagoon uses news releases to update investors on permitting milestones, mine restart progress, financing activities, and engagement with local communities and First Nations.
Many of the company’s announcements focus on Dome Mountain’s path toward underground gold production. These include updates on the Joint Mines Act/Environmental Management Act Permits Amendment Application, receipt of a draft mine permit, and confirmation of a full mining permit for the project. News items also cover the signing of a mine restart agreement with the Lake Babine Nation, which supports the planned resumption of underground mining at Dome Mountain.
Financing and corporate development are another key theme in Blue Lagoon’s news. The company regularly reports on non-brokered private placements, strategic investments by resource-focused funds, and participation by its toll milling partner. These releases outline how proceeds are intended to support advancement of the Dome Mountain gold project, working capital, and general corporate purposes.
Investors can also follow Blue Lagoon’s participation in mining investment conferences in locations such as London, New York, and Québec City. News from these events highlights meetings with institutional investors, fund managers, and analysts, as the company promotes Dome Mountain’s high-grade gold profile and exploration potential.
This news page aggregates these updates in one place, allowing readers to review Blue Lagoon’s latest disclosures on project development, permitting, First Nation engagement, exploration drilling, and capital raising related to the Dome Mountain Gold Project.
Blue Lagoon Resources Inc. (CSE:BLLG)(FSE:7BL)(OTCQB:BLAGF) announced promising assay results from its 2021 Phase Two drill program at the Dome Mountain Gold Project, revealing multiple high-grade gold veins within the Chance Structural Zone. Notably, Hole DM-21-200 intercepted 53.60 g/t Au and 55.46 g/t Ag over 0.55 meters, while Hole DM-21-188 showed 49.40 g/t Au and 56.90 g/t Ag over 0.32 meters. The company plans aggressive follow-up drilling in 2022 to further explore these significant findings.
Blue Lagoon Resources (OTCQB: BLAGF) is set to ship its fourth shipment of concentrate from the Dome Mountain underground mine, comprising 103 dry tonnes of gold and silver concentrate with grades of approximately 90 g/t Au and 477 g/t Ag. This shipment, valued at over $500,000, follows three previous shipments totalling 223 dry metric tonnes valued at more than CDN $1 million. The company has no debt and is progressing with a 20,000-meter drilling program targeting newly identified zones. A decision on resuming production will await further permit approvals.
Blue Lagoon Resources Inc. (OTCQB: BLAGF) reported significant drilling results at its Dome Mountain Gold Project. Hole DM-21-224 revealed high-grade vein intercepts, including 14.8 g/t Au and 38.3 g/t Ag over 7.3m, and 26.9 g/t Au with over 100 g/t Ag over 1.04m. The drilling targets the Chance Structural Corridor, expected to yield further mineralization. Assay results for 28 holes remain pending, and further drilling is anticipated to explore this high-grade intercept. William Cronk, Chief Geologist, noted the systematic exploration approach and potential for additional high-grade finds.
Blue Lagoon Resources Inc. announced a significant update on its Dome Mountain Gold Project, revealing a 145% increase in indicated gold resources. The new technical report estimates an addition of 102,582 gold ounces, resulting in a total of 173,000 ounces. The report demonstrates a 30% increase in contained gold and a 46% increase in silver ounces. The upgrade to measured resources also marks a milestone with 45,000 ounces now classified as measured. This update positions the company for potential future exploration success.
Blue Lagoon Resources (CSE:BLLG)(FSE:7BL)(OTCQB:BLAGF) has mobilized a second drill crew for its 20,000-meter drill program at the Dome Mountain Gold Project in British Columbia. This crew will concentrate on the Boulder Vein, targeting mineralization below 1,000 meters. Previous drilling in 2020 revealed significant gold and silver grades, suggesting expansion potential. The initial phase of drilling is expected to continue until mid-March 2022, with plans to resume once conditions improve. The project shows geological similarities to the Buritica gold deposit in Colombia, indicating further exploration promise.
Blue Lagoon Resources (OTCQB: BLAGF) has initiated its 2022 drill program at the Dome Mountain Gold Project in British Columbia, mobilizing crews and drill rigs for a minimum of 20,000 meters of diamond drilling. Phase One will encompass approximately 10,000 meters focused on ground-based geophysics and follow-up soil sampling. Drilling aims to further explore previously identified mineralized zones and anomalous targets. Delays in lab assay results are noted, with turnaround exceeding 10 weeks.
Blue Lagoon Resources Inc. (CSE:BLLG) (OTCQB:BLAGF) announced promising results from its 2021 soil sampling program at the Dome Mountain Gold Project. The program identified significant gold, zinc, and copper anomalies across new zones, leading to a prioritization for further exploration in 2022. A total of 3,167 soil samples were collected in 2021, with a focus on the area northwest of Freegold. The company plans a minimum of 2,500 additional samples in early summer to advance drilling targets. Notably, high zinc values correlated with gold provide confidence in the mineralized system.
Blue Lagoon Resources has reported high-grade gold results from its ongoing diamond drilling program at the Dome Mountain Gold Project in British Columbia. The company has drilled 20,627 meters since January 2021, with significant results from holes DM-21-177, DM-21-178, and DM-21-186, displaying multiple intercepts over 20 g/t Au equivalent. Notably, the Chance Structural Zone shows promise with high-grade veins. Additionally, Blue Lagoon announced a property option agreement on the Big Onion Property. Assay results for over 30 holes are pending due to slow lab turnaround.
Blue Lagoon Resources announced promising drilling results at its Dome Mountain Gold Project, located near Smithers, B.C. The company has completed 5,940.5 meters of drilling in 18 holes, part of a 12,000-meter program. Initial assay results include significant gold grades, with highlights like 47.09 g/t Au eq over 0.65 m in hole DM-21-177. The mineralization shows depth persistence, indicating potential for further exploration. The new style of mineralization at Chance Creek could enhance the exploration program, while further ground geophysics will refine future drilling targets.
Blue Lagoon Resources (OTCQB: BLAGF) announced a successful second shipment of concentrate from their Dome Mountain mine, totaling 96.7 dry tonnes of gold and silver concentrate. This shipment is valued at approximately CDN $823,000, adding to the previous 40 tonnes shipped. The company has delivered over 4,000 tonnes of mineralized material to its toll milling partner, Nicola Mining, with a healthy treasury of nearly $9 million and no debt, positioning it well for future exploration activities.