Blue Lagoon Resources - Near-Term Gold Production In BC and Exploration Growth Strategy

The KE Report

In this KE Report company introduction, we speak with Rana Vig, President and CEO of Blue Lagoon Resources (CSE:BLLG - OTCQB:BLAGF), a company on the verge of near-term gold production in British Columbia. With production expected to begin as early as July, the company is focused on generating cash flow through a toll milling agreement with Nicola Mining and using those proceeds to fund exploration across its land package.

Key topics covered:

• Roadmap to production and the significance of the recently granted permit - one of only seven hard rock mining permits issued in B.C. in the past decade.
  
• Toll milling strategy to avoid heavy CapEx and environmental liability.
  
• Initial production forecast of 15,000 oz gold in year one, ramping up to 20,000 oz annually.
  
• The company’s 218,000 oz M&I gold resource and why a PEA has been deferred until production cash flow validates the asset.
  
• Exploration potential from over 50,000m of recent drilling, new high-grade hits below the current resource, and several untested veins across a 22,000-hectare property.
  
• A look at the insider ownership and key strategic shareholders, including Crescat Capital and Nicola Mining.
  

Visit the company website: https://bluelagoonresources.com/

Have questions? Leave a comment or email us ([email protected]). I will follow up directly with Rana.