Blue Lagoon Resources - Near-Term Gold Production In BC and Exploration Growth Strategy
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 (Fleck@kereport.com). I will follow up directly with Rana.
