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.